First Financial Co. Indiana (THFF) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in First Financial Co. Indiana (NASDAQ:THFF) by 11.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,132 shares of the bank’s stock after selling 6,414 shares during the period. JPMorgan Chase & Co. owned about 0.41% of First Financial Co. Indiana worth $2,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of THFF. Wells Fargo & Company MN grew its holdings in shares of First Financial Co. Indiana by 31.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,520 shares of the bank’s stock worth $702,000 after acquiring an additional 3,733 shares during the period. BlackRock Inc. grew its holdings in shares of First Financial Co. Indiana by 1.2% in the fourth quarter. BlackRock Inc. now owns 790,331 shares of the bank’s stock worth $35,843,000 after acquiring an additional 9,524 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of First Financial Co. Indiana in the fourth quarter worth $204,000. Jefferies Group LLC bought a new stake in shares of First Financial Co. Indiana in the fourth quarter worth $218,000. Finally, Deutsche Bank AG grew its holdings in shares of First Financial Co. Indiana by 13.0% in the fourth quarter. Deutsche Bank AG now owns 64,253 shares of the bank’s stock worth $2,911,000 after acquiring an additional 7,391 shares during the period. 53.24% of the stock is owned by institutional investors.

THFF has been the subject of several research analyst reports. Zacks Investment Research raised First Financial Co. Indiana from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, June 28th. BidaskClub raised First Financial Co. Indiana from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 4th. Finally, ValuEngine downgraded First Financial Co. Indiana from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th.

NASDAQ THFF opened at $47.10 on Thursday. The firm has a market cap of $579.05 million, a P/E ratio of 16.22 and a beta of 0.95. First Financial Co. Indiana has a fifty-two week low of $39.55 and a fifty-two week high of $50.20.

First Financial Co. Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, April 24th. The bank reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). The company had revenue of $35.58 million for the quarter, compared to analysts’ expectations of $35.65 million. First Financial Co. Indiana had a net margin of 19.31% and a return on equity of 8.20%. equities analysts anticipate that First Financial Co. Indiana will post 3.32 EPS for the current fiscal year.

The business also recently announced a semiannual dividend, which was paid on Monday, July 2nd. Investors of record on Friday, June 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, June 14th. This represents a yield of 2.33%. First Financial Co. Indiana’s dividend payout ratio (DPR) is presently 35.17%.

About First Financial Co. Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers commercial, mortgage, and consumer lending; lease financing; trust account; depositor; and insurance services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings deposits, time deposits, and other time deposits; and loan products comprise commercial real estate loans, commercial loans, consumer loans, and residential real estate and construction loans.

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Institutional Ownership by Quarter for First Financial Co. Indiana (NASDAQ:THFF)

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