Cvfg LLC Invests $714,000 in First Financial Corporation Indiana $THFF

Cvfg LLC purchased a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,295 shares of the bank’s stock, valued at approximately $714,000. Cvfg LLC owned approximately 0.09% of First Financial Corporation Indiana at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in THFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of First Financial Corporation Indiana by 4.8% in the 1st 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 last quarter. Goldman Sachs Group Inc. lifted its position in shares of First Financial Corporation Indiana by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock worth $4,992,000 after buying an additional 1,666 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Financial Corporation Indiana in the first quarter valued at about $213,000. Legal & General Group Plc boosted its stake in First Financial Corporation Indiana by 12.6% in the second quarter. Legal & General Group Plc now owns 12,647 shares of the bank’s stock valued at $685,000 after buying an additional 1,417 shares in the last quarter. Finally, Rhumbline Advisers grew its position in First Financial Corporation Indiana by 2.8% in the second quarter. Rhumbline Advisers now owns 17,845 shares of the bank’s stock valued at $967,000 after acquiring an additional 494 shares during the last quarter. 72.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on THFF. Keefe, Bruyette & Woods increased their target price on shares of First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.00.

First Financial Corporation Indiana Stock Performance

Shares of THFF stock opened at $74.74 on Thursday. The business’s 50-day moving average price is $71.16 and its 200-day moving average price is $66.46. First Financial Corporation Indiana has a 12 month low of $51.21 and a 12 month high of $78.74. The firm has a market capitalization of $888.66 million, a price-to-earnings ratio of 10.99 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 (NASDAQ:THFF) last posted its earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a net margin of 22.82% and a return on equity of 12.81%. The business had revenue of $68.15 million for the quarter, compared to the consensus estimate of $69.57 million. Equities research analysts forecast that First Financial Corporation Indiana will post 7.32 EPS for the current year.

First Financial Corporation Indiana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is 32.94%.

First Financial Corporation Indiana 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.