AlphaQuest LLC Trims Stock Holdings in First Financial Corporation Indiana $THFF

AlphaQuest LLC trimmed its position in First Financial Corporation Indiana (NASDAQ:THFF) by 48.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,651 shares of the bank’s stock after selling 2,511 shares during the quarter. AlphaQuest LLC’s holdings in First Financial Corporation Indiana were worth $144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THFF. Wealth Enhancement Advisory Services LLC increased its holdings in First Financial Corporation Indiana by 16.3% in 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. Allspring Global Investments Holdings LLC increased its stake in shares of First Financial Corporation Indiana by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,399 shares of the bank’s stock worth $509,000 after purchasing an additional 3,646 shares in the last quarter. Cerity Partners LLC increased its stake in First Financial Corporation Indiana by 33.5% in the 1st quarter. Cerity Partners LLC now owns 5,930 shares of the bank’s stock worth $290,000 after buying an additional 1,487 shares in the last quarter. CWM LLC increased its stake in First Financial Corporation Indiana by 37.2% in the 1st quarter. CWM LLC now owns 9,495 shares of the bank’s stock worth $465,000 after buying an additional 2,572 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in First Financial Corporation Indiana in the 1st quarter worth $1,169,000. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Trading Up 0.5%

THFF stock opened at $53.59 on Tuesday. First Financial Corporation Indiana has a fifty-two week low of $42.05 and a fifty-two week high of $63.04. The firm has a market cap of $635.10 million, a PE ratio of 8.59 and a beta of 0.43. The firm has a fifty day moving average price of $56.29 and a 200 day moving average price of $54.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.14. The business had revenue of $55.75 million during the quarter, compared to analysts’ expectations of $65.53 million. First Financial Corporation Indiana had a net margin of 21.70% and a return on equity of 12.99%. Sell-side analysts anticipate that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a $0.51 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.8%. First Financial Corporation Indiana’s payout ratio is 32.69%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Wednesday, October 8th. Raymond James Financial reiterated a “market perform” rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price objective on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Wall Street Zen raised shares of First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, First Financial Corporation Indiana currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Insider Activity at First Financial Corporation Indiana

In related news, Director James O. Mcdonald bought 2,295 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was purchased at an average price of $52.25 per share, for a total transaction of $119,913.75. Following the acquisition, the director owned 11,757 shares in the company, valued at $614,303.25. This trade represents a 24.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.69% of the company’s stock.

First Financial Corporation Indiana Company Profile

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.