Dean Capital Management Decreases Stock Holdings in First Financial Corporation Indiana $THFF

Dean Capital Management lowered its stake in First Financial Corporation Indiana (NASDAQ:THFF) by 22.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,755 shares of the bank’s stock after selling 6,800 shares during the quarter. Dean Capital Management owned 0.20% of First Financial Corporation Indiana worth $1,501,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in First Financial Corporation Indiana by 400.0% during the second 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 acquired a new stake in shares of First Financial Corporation Indiana in the second quarter valued at about $47,000. Smartleaf Asset Management LLC increased its stake in shares of First Financial Corporation Indiana by 135.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock worth $85,000 after purchasing an additional 804 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of First Financial Corporation Indiana during the third quarter worth about $89,000. Finally, PNC Financial Services Group Inc. raised its position in shares of First Financial Corporation Indiana by 16.0% during the 4th 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. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Price Performance

First Financial Corporation Indiana stock opened at $77.51 on Monday. First Financial Corporation Indiana has a 52-week low of $51.21 and a 52-week high of $78.74. The firm has a market capitalization of $921.59 million, a price-to-earnings ratio of 11.40 and a beta of 0.42. The company has a fifty day simple moving average of $73.47 and a 200-day simple moving average of $67.68. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

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

First Financial Corporation Indiana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on THFF shares. Weiss Ratings raised shares of First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Raymond James Financial started coverage on First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods increased their target price on First Financial Corporation Indiana from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average 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.