Hillsdale Investment Management Inc. Purchases 13,200 Shares of First Financial Corporation Indiana $THFF

Hillsdale Investment Management Inc. increased its position in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 13.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 114,535 shares of the bank’s stock after acquiring an additional 13,200 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.97% of First Financial Corporation Indiana worth $6,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of First Financial Corporation Indiana by 4.8% during 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in First Financial Corporation Indiana by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock valued at $4,992,000 after buying an additional 1,666 shares during the period. Jane Street Group LLC purchased a new position in First Financial Corporation Indiana during the first quarter worth about $213,000. CWM LLC increased its stake in First Financial Corporation Indiana by 2.4% in the 2nd quarter. CWM LLC now owns 9,725 shares of the bank’s stock worth $527,000 after acquiring an additional 230 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in First Financial Corporation Indiana in the 2nd quarter worth about $248,000. 72.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on THFF shares. Keefe, Bruyette & Woods lifted their price target on First Financial Corporation Indiana from $61.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Zacks Research downgraded shares of First Financial Corporation Indiana from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Corporation Indiana in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, First Financial Corporation Indiana presently has a consensus rating of “Hold” and a consensus price target of $60.00.

First Financial Corporation Indiana Trading Up 1.7%

THFF stock opened at $67.03 on Friday. The company has a market capitalization of $794.31 million, a PE ratio of 10.03 and a beta of 0.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 0.84. First Financial Corporation Indiana has a one year low of $42.05 and a one year high of $69.21. The company’s 50 day moving average price is $63.90 and its two-hundred day moving average price is $59.28.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, February 3rd. The bank reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. The company had revenue of $70.55 million during the quarter, compared to analysts’ expectations of $67.93 million. First Financial Corporation Indiana had a net margin of 22.79% and a return on equity of 13.34%. As a group, analysts predict that First Financial Corporation Indiana will post 5.41 earnings per share for the current fiscal year.

First Financial Corporation Indiana Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from First Financial Corporation Indiana’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 2nd. First Financial Corporation Indiana’s payout ratio is 33.53%.

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.