503,433 Shares in First Financial Corporation Indiana $THFF Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp acquired a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 503,433 shares of the bank’s stock, valued at approximately $22,025,000. First Financial Corporation Indiana comprises 1.1% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 18th biggest holding.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of First Financial Corporation Indiana by 400.0% during the 2nd 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 period. Quantbot Technologies LP bought a new stake in First Financial Corporation Indiana during the second quarter valued at approximately $47,000. Smartleaf Asset Management LLC increased its holdings in 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 valued at $85,000 after buying an additional 804 shares during the last quarter. Advisory Services Network LLC purchased a new stake in First Financial Corporation Indiana during the third quarter valued at approximately $89,000. Finally, PNC Financial Services Group Inc. increased its holdings in First Financial Corporation Indiana by 16.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock valued at $95,000 after buying an additional 216 shares during the last quarter. Institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Trading Down 0.5%

Shares of THFF opened at $81.61 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. First Financial Corporation Indiana has a 1 year low of $51.21 and a 1 year high of $84.17. The company has a 50 day simple moving average of $77.39 and a two-hundred day simple moving average of $69.80. The firm has a market cap of $970.34 million, a P/E ratio of 11.43 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last released its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a net margin of 23.32% and a return on equity of 13.02%. The firm had revenue of $71.83 million for the quarter, compared to the consensus estimate of $72.84 million. On average, equities analysts expect that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The business 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 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is presently 31.37%.

Analysts Set New Price Targets

A number of equities analysts recently commented on THFF shares. Keefe, Bruyette & Woods raised their target price on First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Raymond James Financial began coverage on First Financial Corporation Indiana in a report on Thursday, July 9th. They set a “market perform” rating for the company. Brean Capital lowered shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Friday, August 7th. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.00.

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.