First Financial Corporation Indiana $THFF Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its position in First Financial Corporation Indiana (NASDAQ:THFF) by 31.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,862 shares of the bank’s stock after selling 11,011 shares during the quarter. Legato Capital Management LLC owned 0.20% of First Financial Corporation Indiana worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of THFF. State of Alaska Department of Revenue acquired a new position in First Financial Corporation Indiana during the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in First Financial Corporation Indiana by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock valued at $32,000 after purchasing an additional 468 shares in the last quarter. Smartleaf Asset Management LLC raised its position in First Financial Corporation Indiana by 175.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 592 shares of the bank’s stock valued at $34,000 after purchasing an additional 377 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of First Financial Corporation Indiana during the 2nd quarter worth about $47,000. Finally, Advisory Services Network LLC acquired a new stake in shares of First Financial Corporation Indiana during the 3rd quarter worth about $89,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on THFF. Keefe, Bruyette & Woods raised their target price on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

First Financial Corporation Indiana Price Performance

THFF opened at $68.58 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $65.11 and a 200-day simple moving average of $63.17. The stock has a market capitalization of $815.42 million, a P/E ratio of 10.09 and a beta of 0.42. First Financial Corporation Indiana has a 12 month low of $49.70 and a 12 month high of $70.10.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. The business had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $69.57 million. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%. On average, equities analysts anticipate that First Financial Corporation Indiana will post 7.32 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.24 annualized dividend and a yield of 3.3%. First Financial Corporation Indiana’s payout ratio is currently 32.94%.

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.