Ritholtz Wealth Management Invests $684,000 in First Financial Corporation Indiana $THFF

Ritholtz Wealth Management acquired a new stake in First Financial Corporation Indiana (NASDAQ:THFF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,125 shares of the bank’s stock, valued at approximately $684,000. Ritholtz Wealth Management owned about 0.10% of First Financial Corporation Indiana at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of First Financial Corporation Indiana in the third quarter valued at $27,000. MAI Capital Management bought a new stake in First Financial Corporation Indiana in the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 468 shares during the last quarter. Quantbot Technologies LP bought a new position in First Financial Corporation Indiana during the second quarter worth about $47,000. Finally, EMC Capital Management bought a new position in First Financial Corporation Indiana during the second quarter worth about $137,000. 72.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

THFF has been the topic of several research reports. Wall Street Zen cut shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Zacks Research upgraded First Financial Corporation Indiana from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Keefe, Bruyette & Woods raised their price target on First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.00.

First Financial Corporation Indiana Stock Down 1.5%

THFF opened at $61.80 on Wednesday. The firm has a market capitalization of $732.33 million, a P/E ratio of 9.90 and a beta of 0.42. First Financial Corporation Indiana has a one year low of $42.05 and a one year high of $65.79. The company has a fifty day moving average price of $60.79 and a 200-day moving average price of $57.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.84 and a quick ratio of 0.84.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.14. First Financial Corporation Indiana had a return on equity of 12.70% and a net margin of 21.70%.The company had revenue of $65.75 million for the quarter, compared to the consensus estimate of $65.53 million. Equities research analysts expect that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, January 2nd. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 3.6%. First Financial Corporation Indiana’s payout ratio is presently 35.90%.

First Financial Corporation Indiana Company 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.