Empowered Funds LLC Invests $6.09 Million in First Financial Corporation Indiana $THFF

Empowered Funds LLC purchased a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 139,215 shares of the bank’s stock, valued at approximately $6,091,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of First Financial Corporation Indiana by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock valued at $334,000 after purchasing an additional 312 shares during the period. Goldman Sachs Group Inc. raised its stake in First Financial Corporation Indiana by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock worth $4,992,000 after purchasing an additional 1,666 shares during the period. Jane Street Group LLC acquired a new position in First Financial Corporation Indiana in the 1st quarter valued at about $213,000. Legal & General Group Plc boosted its holdings in First Financial Corporation Indiana by 12.6% in the 2nd quarter. Legal & General Group Plc now owns 12,647 shares of the bank’s stock valued at $685,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of First Financial Corporation Indiana by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 17,845 shares of the bank’s stock valued at $967,000 after buying an additional 494 shares during the period. Institutional investors and hedge funds own 72.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on THFF. Keefe, Bruyette & Woods raised their price target on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday. Raymond James Financial started coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Weiss Ratings reiterated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Brean Capital cut First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, August 7th. Finally, Capital One Financial set a $90.00 target price on First Financial Corporation Indiana in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $88.00.

First Financial Corporation Indiana Stock Performance

NASDAQ THFF opened at $79.24 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $942.16 million, a price-to-earnings ratio of 11.10 and a beta of 0.42. The firm has a 50 day simple moving average of $78.46 and a 200-day simple moving average of $70.65. First Financial Corporation Indiana has a one year low of $51.21 and a one year high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.12. The firm had revenue of $71.87 million for the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. Equities research analysts anticipate that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.56 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.8%. First Financial Corporation Indiana’s payout ratio is 31.37%.

About First Financial Corporation Indiana

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company’s service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.