First Financial Corporation Indiana $THFF Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,833 shares of the bank’s stock after selling 566 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of First Financial Corporation Indiana worth $533,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE increased its position in shares of First Financial Corporation Indiana by 167.0% during the 1st quarter. US Bancorp DE now owns 2,475 shares of the bank’s stock valued at $121,000 after purchasing an additional 1,548 shares during the period. Jane Street Group LLC bought a new stake in shares of First Financial Corporation Indiana during the 1st quarter worth $213,000. Cerity Partners LLC boosted its stake in shares of First Financial Corporation Indiana by 33.5% during the 1st quarter. Cerity Partners LLC now owns 5,930 shares of the bank’s stock worth $290,000 after acquiring an additional 1,487 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Financial Corporation Indiana by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,940 shares of the bank’s stock worth $291,000 after acquiring an additional 834 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in shares of First Financial Corporation Indiana by 14.5% during the 1st quarter. EP Wealth Advisors LLC now owns 6,551 shares of the bank’s stock worth $321,000 after acquiring an additional 830 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on THFF shares. Keefe, Bruyette & Woods raised their price objective on First Financial Corporation Indiana from $55.00 to $61.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James Financial reissued a “market perform” rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, First Financial Corporation Indiana presently has a consensus rating of “Moderate Buy” and an average price target of $57.67.

Insider Transactions at First Financial Corporation Indiana

In other news, Director James O. Mcdonald acquired 2,295 shares of First Financial Corporation Indiana stock in a transaction that occurred on Monday, October 13th. The stock was purchased at an average price of $52.25 per share, with a total value of $119,913.75. Following the completion of the transaction, the director owned 11,757 shares in the company, valued at approximately $614,303.25. This trade represents a 24.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.69% of the company’s stock.

First Financial Corporation Indiana Stock Performance

Shares of First Financial Corporation Indiana stock opened at $55.29 on Friday. The stock has a market cap of $655.19 million, a PE ratio of 10.57 and a beta of 0.43. The business has a fifty day simple moving average of $56.55 and a 200-day simple moving average of $53.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. First Financial Corporation Indiana has a 12 month low of $41.91 and a 12 month high of $63.04.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, July 22nd. The bank reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $63.05 million during the quarter, compared to analysts’ expectations of $63.28 million. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%. On average, sell-side analysts anticipate that First Financial Corporation Indiana will post 5.41 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, October 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 39.01%.

About First Financial Corporation Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.