United Capital Financial Advisors LLC Acquires New Position in First Financial Corporation Indiana $THFF

United Capital Financial Advisors LLC bought a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,264 shares of the bank’s stock, valued at approximately $537,000.

A number of other large investors have also recently modified their holdings of THFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $334,000 after buying an additional 312 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 buying an additional 1,666 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Financial Corporation Indiana in the first quarter valued at about $213,000. Legal & General Group Plc boosted its stake in First Financial Corporation Indiana by 12.6% in the second quarter. Legal & General Group Plc now owns 12,647 shares of the bank’s stock valued at $685,000 after buying an additional 1,417 shares in the last quarter. Finally, Rhumbline Advisers grew its position in First Financial Corporation Indiana by 2.8% in the second quarter. Rhumbline Advisers now owns 17,845 shares of the bank’s stock valued at $967,000 after acquiring an additional 494 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

First Financial Corporation Indiana Price Performance

Shares of THFF opened at $78.28 on Tuesday. The business has a 50-day moving average of $78.54 and a 200-day moving average of $70.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $930.75 million, a price-to-earnings ratio of 10.96 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 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. The business had revenue of $71.87 million for the quarter, compared to analysts’ expectations of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. As a group, equities research analysts anticipate that First Financial Corporation Indiana will post 7.59 earnings per share for the current year.

First Financial Corporation Indiana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a $0.56 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. First Financial Corporation Indiana’s payout ratio is 31.37%.

Wall Street Analysts Forecast Growth

THFF has been the subject of a number of research reports. 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 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. Raymond James Financial initiated coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods increased their price target on First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Capital One Financial set a $90.00 price objective on First Financial Corporation Indiana in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.00.

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.