Pzena Investment Management LLC Acquires New Stake in First Financial Corporation Indiana $THFF

Pzena Investment Management LLC acquired a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 834,628 shares of the bank’s stock, valued at approximately $36,515,000. Pzena Investment Management LLC owned 0.07% of First Financial Corporation Indiana at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of THFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of First Financial Corporation Indiana by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,821 shares of the bank’s stock valued at $334,000 after buying an additional 312 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of First Financial Corporation Indiana by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,909 shares of the bank’s stock worth $4,992,000 after acquiring an additional 1,666 shares during the period. Jane Street Group LLC bought a new position in shares of First Financial Corporation Indiana during the 1st quarter worth $213,000. Legal & General Group Plc increased its holdings in First Financial Corporation Indiana by 12.6% in the 2nd quarter. Legal & General Group Plc now owns 12,647 shares of the bank’s stock worth $685,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in First Financial Corporation Indiana by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 17,845 shares of the bank’s stock worth $967,000 after acquiring an additional 494 shares during the last quarter. 72.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

THFF has been the topic of several recent research reports. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a report on Friday, August 7th. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. Brean Capital downgraded 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 research note on Friday, August 7th. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.00.

First Financial Corporation Indiana Stock Performance

First Financial Corporation Indiana stock opened at $81.61 on Tuesday. The firm’s 50 day simple moving average is $77.39 and its 200 day simple moving average is $69.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $970.34 million, a PE ratio of 11.43 and a beta of 0.42. First Financial Corporation Indiana has a 1-year low of $51.21 and a 1-year high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $72.84 million. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s dividend payout ratio (DPR) is 31.37%.

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.