FIG Partners Weighs in on First Financial Corporation Indiana’s Q3 2017 Earnings (NASDAQ:THFF)

First Financial Corporation Indiana (NASDAQ:THFF) – FIG Partners cut their Q3 2017 earnings estimates for shares of First Financial Corporation Indiana in a research report issued on Thursday. FIG Partners analyst B. Martin now expects that the bank will post earnings per share of $0.68 for the quarter, down from their previous forecast of $0.72. FIG Partners also issued estimates for First Financial Corporation Indiana’s Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $2.83 EPS and FY2018 earnings at $2.88 EPS.

First Financial Corporation Indiana (NASDAQ:THFF) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.01. The business had revenue of $34.67 million for the quarter, compared to analysts’ expectations of $35.15 million. First Financial Corporation Indiana had a net margin of 23.36% and a return on equity of 8.13%. COPYRIGHT VIOLATION NOTICE: “FIG Partners Weighs in on First Financial Corporation Indiana’s Q3 2017 Earnings (NASDAQ:THFF)” was posted by BNB Daily and is owned by of BNB Daily. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/fig-partners-weighs-in-on-first-financial-corporation-indianas-q3-2017-earnings-nasdaqthff-updated-updated.html.

A number of other research firms also recently issued reports on THFF. Zacks Investment Research downgraded shares of First Financial Corporation Indiana from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub downgraded shares of First Financial Corporation Indiana from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, ValuEngine raised shares of First Financial Corporation Indiana from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

Shares of First Financial Corporation Indiana (THFF) opened at 46.05 on Monday. The stock has a market capitalization of $562.87 million, a PE ratio of 16.42 and a beta of 0.84. First Financial Corporation Indiana has a 52 week low of $35.47 and a 52 week high of $53.49. The company’s 50 day moving average is $47.62 and its 200-day moving average is $47.48.

The company also recently declared a semiannual dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 14th. This represents a yield of 2.19%. This is an increase from First Financial Corporation Indiana’s previous semiannual dividend of $0.49. First Financial Corporation Indiana’s payout ratio is currently 35.71%.

A number of institutional investors have recently modified their holdings of THFF. Norges Bank purchased a new position in shares of First Financial Corporation Indiana during the fourth quarter valued at $11,625,000. Wellington Management Group LLP purchased a new position in shares of First Financial Corporation Indiana during the first quarter valued at $5,862,000. AQR Capital Management LLC increased its position in shares of First Financial Corporation Indiana by 54.4% in the first quarter. AQR Capital Management LLC now owns 78,847 shares of the bank’s stock valued at $3,745,000 after buying an additional 27,768 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of First Financial Corporation Indiana by 17.5% in the first quarter. Renaissance Technologies LLC now owns 164,100 shares of the bank’s stock valued at $7,795,000 after buying an additional 24,381 shares in the last quarter. Finally, Bowling Portfolio Management LLC purchased a new position in shares of First Financial Corporation Indiana during the second quarter valued at $1,106,000. 53.68% of the stock is currently owned by institutional investors and hedge funds.

About First Financial Corporation Indiana

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company’s subsidiaries include First Financial Bank, N.A.

Earnings History and Estimates for First Financial Corporation Indiana (NASDAQ:THFF)

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