Allspring Global Investments Holdings LLC Has $8.49 Million Holdings in First Financial Corporation Indiana $THFF

Allspring Global Investments Holdings LLC increased its position in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 33.6% during the first quarter, HoldingsChannel.com reports. The firm owned 134,371 shares of the bank’s stock after buying an additional 33,821 shares during the period. Allspring Global Investments Holdings LLC’s holdings in First Financial Corporation Indiana were worth $8,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management lifted its holdings in shares of First Financial Corporation Indiana by 28.0% during the 1st quarter. Ritholtz Wealth Management now owns 54,847 shares of the bank’s stock worth $3,466,000 after acquiring an additional 11,988 shares during the period. First Financial Corp IN increased its stake in First Financial Corporation Indiana by 3.2% in the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock valued at $38,602,000 after acquiring an additional 19,784 shares during the period. LSV Asset Management increased its stake in First Financial Corporation Indiana by 4.0% in the fourth quarter. LSV Asset Management now owns 402,061 shares of the bank’s stock valued at $24,293,000 after acquiring an additional 15,528 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in First Financial Corporation Indiana in the first quarter valued at about $654,000. Finally, Vanguard Group Inc. raised its position in First Financial Corporation Indiana by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 825,465 shares of the bank’s stock worth $49,875,000 after purchasing an additional 30,481 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Down 2.3%

Shares of NASDAQ:THFF opened at $75.37 on Thursday. The company’s fifty day moving average is $73.02 and its 200-day moving average is $67.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87. First Financial Corporation Indiana has a 52 week low of $51.21 and a 52 week high of $78.74. The company has a market capitalization of $896.15 million, a PE ratio of 11.08 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its earnings results 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. 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 during the quarter, compared to analysts’ expectations of $69.57 million. Equities research analysts predict that First Financial Corporation Indiana will post 7.24 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, 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 3.0%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio is currently 32.94%.

Wall Street Analyst Weigh In

A number of research analysts have commented on THFF shares. Raymond James Financial began coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods increased their target price on 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. Finally, Weiss Ratings upgraded First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, First Financial Corporation Indiana has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

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.