764,026 Shares in First Financial Corporation Indiana $THFF Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in First Financial Corporation Indiana (NASDAQ:THFF) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 764,026 shares of the bank’s stock, valued at approximately $33,426,000. The Manufacturers Life Insurance Company owned about 0.06% of First Financial Corporation Indiana as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in First Financial Corporation Indiana during the 2nd quarter worth approximately $149,505,000. Pzena Investment Management LLC acquired a new position in shares of First Financial Corporation Indiana in the second quarter valued at approximately $36,515,000. Vanguard Group Inc. raised its stake in shares of First Financial Corporation Indiana by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 825,465 shares of the bank’s stock worth $49,875,000 after purchasing an additional 30,481 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of First Financial Corporation Indiana by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 712,352 shares of the bank’s stock worth $45,021,000 after purchasing an additional 3,870 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp purchased a new stake in shares of First Financial Corporation Indiana during the second quarter worth approximately $22,025,000. 72.74% of the stock is owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Stock Down 0.2%

Shares of NASDAQ THFF opened at $79.07 on Thursday. The firm’s 50-day moving average is $78.21 and its two-hundred day moving average is $70.48. The company has a market capitalization of $940.14 million, a PE ratio of 11.07 and a beta of 0.42. First Financial Corporation Indiana has a 12-month low of $51.21 and a 12-month high of $84.17. 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 (NASDAQ:THFF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%.The firm had revenue of $71.83 million during the quarter, compared to the consensus estimate of $72.84 million. Equities analysts anticipate that First Financial Corporation Indiana will post 7.59 EPS for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 annualized dividend and a yield of 2.8%. First Financial Corporation Indiana’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analysts Forecast Growth

THFF has been the topic of a number of analyst reports. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Brean Capital cut 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. Raymond James Financial assumed 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.00.

First Financial Corporation Indiana 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.