10,200 Shares of First Financial Corporation Indiana $THFF Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF) in the third quarter, Holdings Channel reports. The firm bought 10,200 shares of the bank’s stock, valued at approximately $754,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in First Financial Corporation Indiana during the third quarter worth about $1,041,000. Nisa Investment Advisors LLC lifted its position in shares of First Financial Corporation Indiana by 166.9% during the third quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the bank’s stock worth $212,000 after purchasing an additional 1,793 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of First Financial Corporation Indiana during the second quarter worth about $523,000. Engineers Gate Manager LP purchased a new position in shares of First Financial Corporation Indiana in the second quarter valued at approximately $599,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of First Financial Corporation Indiana in the second quarter valued at approximately $96,000. 72.74% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Corporation Indiana Price Performance

Shares of NASDAQ THFF opened at $76.24 on Monday. The stock’s 50-day moving average is $76.11 and its two-hundred day moving average is $71.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.88 and a quick ratio of 0.88. First Financial Corporation Indiana has a 1-year low of $54.56 and a 1-year high of $84.17. The company has a market cap of $906.49 million, a price-to-earnings ratio of 9.90 and a beta of 0.45.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, October 27th. The bank reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.28. The business had revenue of $74.96 million during the quarter, compared to analysts’ expectations of $75.31 million. First Financial Corporation Indiana had a return on equity of 13.84% and a net margin of 24.45%. Analysts forecast that First Financial Corporation Indiana will post 7.93 EPS for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, October 1st. First Financial Corporation Indiana’s dividend payout ratio is presently 29.09%.

Analyst Upgrades and Downgrades

THFF has been the subject of a number of 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. Wall Street Zen raised shares of First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Brean Capital lowered shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, August 7th. Keefe, Bruyette & Woods boosted their price target on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, First Financial Corporation Indiana has an average rating of “Moderate Buy” and an average target price of $87.25.

About First Financial Corporation Indiana

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses and organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.