Dean Capital Management Reduces Stake in First Financial Corporation Indiana $THFF

Dean Capital Management reduced its stake in First Financial Corporation Indiana (NASDAQ:THFF) by 22.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,755 shares of the bank’s stock after selling 6,800 shares during the quarter. Dean Capital Management’s holdings in First Financial Corporation Indiana were worth $1,501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of First Financial Corporation Indiana by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after acquiring an additional 468 shares during the period. Quantbot Technologies LP purchased a new stake in shares of First Financial Corporation Indiana in the second quarter valued at about $47,000. Smartleaf Asset Management LLC grew its holdings in shares of First Financial Corporation Indiana by 135.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after purchasing an additional 804 shares during the period. PNC Financial Services Group Inc. increased its position in First Financial Corporation Indiana by 16.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock worth $95,000 after purchasing an additional 216 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in First Financial Corporation Indiana during the third quarter worth about $89,000. 72.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on THFF. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, First Financial Corporation Indiana presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

First Financial Corporation Indiana Stock Performance

NASDAQ THFF opened at $77.51 on Monday. The stock has a market cap of $921.59 million, a PE ratio of 11.40 and a beta of 0.42. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. First Financial Corporation Indiana has a twelve month low of $51.21 and a twelve month high of $78.74. The stock has a fifty day simple moving average of $73.47 and a 200-day simple moving average of $67.68.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $68.15 million during the quarter, compared to the consensus estimate of $69.57 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%. Equities analysts anticipate that First Financial Corporation Indiana will post 7.24 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 32.94%.

First Financial Corporation Indiana Company Profile

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.