Mirae Asset Global Investments Co. Ltd. Purchases 1,046 Shares of First Financial Corporation Indiana $THFF

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,706 shares of the bank’s stock after buying an additional 1,046 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in First Financial Corporation Indiana were worth $526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in THFF. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Financial Corporation Indiana during the fourth quarter worth about $236,000. GAMMA Investing LLC lifted its stake in shares of First Financial Corporation Indiana by 26,022.2% in the first quarter. GAMMA Investing LLC now owns 11,755 shares of the bank’s stock worth $576,000 after acquiring an additional 11,710 shares during the period. SG Americas Securities LLC lifted its stake in shares of First Financial Corporation Indiana by 4.5% in the first quarter. SG Americas Securities LLC now owns 15,236 shares of the bank’s stock worth $746,000 after acquiring an additional 656 shares during the period. Johnson Investment Counsel Inc. lifted its stake in shares of First Financial Corporation Indiana by 28.6% in the first quarter. Johnson Investment Counsel Inc. now owns 9,000 shares of the bank’s stock worth $441,000 after acquiring an additional 2,000 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 3,646 shares during the period. 72.74% of the stock is currently owned by institutional investors.

First Financial Corporation Indiana Trading Down 2.9%

NASDAQ THFF opened at $52.05 on Friday. The company has a market cap of $616.79 million, a price-to-earnings ratio of 9.95 and a beta of 0.43. First Financial Corporation Indiana has a 52 week low of $41.88 and a 52 week high of $63.04. The business has a 50 day moving average price of $56.65 and a 200-day moving average price of $53.04. 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 (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. First Financial Corporation Indiana had a return on equity of 10.90% and a net margin of 18.44%.The business had revenue of $63.05 million during the quarter, compared to the consensus estimate of $63.28 million. As a group, equities analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. First Financial Corporation Indiana’s dividend payout ratio is 39.01%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen raised First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods lifted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Wednesday. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of First Financial Corporation Indiana in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.67.

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.