30,722 Shares in First Financial Corporation Indiana $THFF Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC purchased a new stake in First Financial Corporation Indiana (NASDAQ:THFF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,722 shares of the bank’s stock, valued at approximately $1,734,000.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in First Financial Corporation Indiana by 13.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,053 shares of the bank’s stock worth $624,000 after acquiring an additional 1,347 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of First Financial Corporation Indiana by 5.5% during the third quarter. Teacher Retirement System of Texas now owns 14,480 shares of the bank’s stock worth $817,000 after purchasing an additional 754 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in First Financial Corporation Indiana by 27.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,571 shares of the bank’s stock worth $408,000 after purchasing an additional 1,633 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in First Financial Corporation Indiana in the 3rd quarter valued at $217,000. Finally, Ritholtz Wealth Management bought a new stake in First Financial Corporation Indiana in the 3rd quarter valued at $684,000. 72.74% of the stock is owned by institutional investors.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ:THFF opened at $65.16 on Friday. The firm has a 50 day moving average of $62.01 and a 200-day moving average of $58.02. First Financial Corporation Indiana has a 12 month low of $42.05 and a 12 month high of $66.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $772.15 million, a PE ratio of 10.44 and a beta of 0.42.

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

First Financial Corporation Indiana Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, January 2nd. This is a positive change from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. First Financial Corporation Indiana’s dividend payout ratio is 35.90%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on THFF. Weiss Ratings reiterated a “buy (b)” rating on shares of First Financial Corporation Indiana in a research report on Monday, December 29th. Zacks Research lowered shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Corporation Indiana from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.00.

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.