First Financial Corporation Indiana $THFF Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lowered its holdings in First Financial Corporation Indiana (NASDAQ:THFF) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,862 shares of the bank’s stock after selling 11,011 shares during the period. Legato Capital Management LLC’s holdings in First Financial Corporation Indiana were worth $1,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of First Financial Corporation Indiana in the third quarter valued at $1,734,000. First Financial Corp IN grew its position in First Financial Corporation Indiana by 3.2% during the fourth quarter. First Financial Corp IN now owns 638,899 shares of the bank’s stock valued at $38,602,000 after acquiring an additional 19,784 shares during the period. Ritholtz Wealth Management boosted its position in shares of First Financial Corporation Indiana by 253.5% in the fourth quarter. Ritholtz Wealth Management now owns 42,859 shares of the bank’s stock worth $2,590,000 after buying an additional 30,734 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of First Financial Corporation Indiana by 932.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 100,550 shares of the bank’s stock worth $6,075,000 after buying an additional 90,813 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of First Financial Corporation Indiana by 11.2% in the third quarter. American Century Companies Inc. now owns 316,726 shares of the bank’s stock worth $17,876,000 after buying an additional 31,992 shares during the period. Hedge funds and other institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Performance

NASDAQ:THFF opened at $68.58 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.87. First Financial Corporation Indiana has a one year low of $49.70 and a one year high of $70.10. The business’s 50-day simple moving average is $65.11 and its 200 day simple moving average is $63.17. The stock has a market cap of $815.42 million, a price-to-earnings ratio of 10.09 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.64 by $0.03. First Financial Corporation Indiana had a return on equity of 12.81% and a net margin of 22.82%.The business had revenue of $68.15 million for the quarter, compared to analysts’ expectations of $69.57 million. As a group, sell-side analysts predict that First Financial Corporation Indiana will post 7.32 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a $0.56 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.3%. First Financial Corporation Indiana’s payout ratio is 32.94%.

Analysts Set New Price Targets

THFF has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on First Financial Corporation Indiana from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised First Financial Corporation Indiana from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

About First Financial Corporation Indiana

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.