Teacher Retirement System of Texas Sells 5,783 Shares of First Financial Corporation Indiana (NASDAQ:THFF)

Teacher Retirement System of Texas reduced its stake in shares of First Financial Corporation Indiana (NASDAQ:THFF) by 29.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,999 shares of the bank’s stock after selling 5,783 shares during the quarter. Teacher Retirement System of Texas’ holdings in First Financial Corporation Indiana were worth $686,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of First Financial Corporation Indiana in the fourth quarter worth $582,000. Raymond James Financial Inc. bought a new position in shares of First Financial Corporation Indiana during the fourth quarter valued at about $605,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of First Financial Corporation Indiana by 73.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,009 shares of the bank’s stock worth $509,000 after buying an additional 4,650 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of First Financial Corporation Indiana during the fourth quarter valued at approximately $284,000. Finally, Quantbot Technologies LP purchased a new position in First Financial Corporation Indiana during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 72.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Saturday. Raymond James Financial restated a “market perform” rating on shares of First Financial Corporation Indiana in a research report on Tuesday, July 8th.

First Financial Corporation Indiana Stock Down 4.2%

Shares of NASDAQ:THFF opened at $55.41 on Wednesday. The firm has a market capitalization of $656.61 million, a PE ratio of 11.99 and a beta of 0.43. The business has a 50 day simple moving average of $52.90 and a two-hundred day simple moving average of $49.81. First Financial Corporation Indiana has a 1 year low of $38.87 and a 1 year high of $57.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82.

First Financial Corporation Indiana (NASDAQ:THFF) last issued its earnings results on Tuesday, April 22nd. The bank reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.26. The company had revenue of $62.49 million for the quarter, compared to analysts’ expectations of $62.04 million. First Financial Corporation Indiana had a net margin of 16.99% and a return on equity of 9.88%. On average, equities analysts predict that First Financial Corporation Indiana will post 5.41 EPS for the current year.

First Financial Corporation Indiana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.68%. First Financial Corporation Indiana’s payout ratio is 44.16%.

First Financial Corporation Indiana Profile

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.