The stock last traded at $48.45 which is marginally over the 50 day moving average of $46.27 and which is slightly above the 200 day moving average of $46.54. The 50 day moving average moved up $2.18 and the 200 day average went up by +4.10%. Trading volume for First Financial Corporation Ind was 43K by the end of trading on Tuesday. Volume was up 52.79% over the stocks average daily volume.
Traders are more bullish of late if you evaluate the fall in short interest. The company recorded a fall in short interest of -25.39% as of September 29, 2017 from the last reporting period. Short shares fell 30,252 over that timeframe. Days to cover decreased -2.0 to 5.0 and the percentage of shorted shares is 0.01% as of September 29.
There has been some buying insider activity on First Financial Corporation Ind (NASDAQ:THFF) recently. William Curtis Brighton, Director disclosed the purchase of 500 shares of (THFF). The shares were bought on September 14th for an average price of $43.49. Brighton now owns $630,605 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in THFF. As of quarter end First Financial Corp /in/ had sold 1,100 shares trimming its stake by 0.4%. The value of the investment in (THFF) went from $12,396,000 to $12,422,000 a change of 0.2% quarter to quarter. Denali Advisors LLC downsized its stake by shedding 22 shares a decrease of 16.7% in the quarter. Denali Advisors LLC currently owns 110 shares valued at $5,000. The total value of its holdings decreased 16.7%.
Shell Asset Management CO reduced its ownership by selling 500 shares a decrease of 2.9% from 06/30/2017 to 09/30/2017. Shell Asset Management CO claims 16,742 shares worth $797,000. The value of the position overall is down by 2.3%. Bowling Portfolio Management LLC bolstered its holdings by buying 5,097 shares an increase of 21.8% as of 09/30/2017. Bowling Portfolio Management LLC controls 28,473 shares with a value of $1,355,000. The value of the position overall is up by 22.5%.
The company is now up since yesterday’s close of 48.1. First Financial Corporation Ind also announced a dividend for shareholders that will be paid on Friday the 1st of December 2017. The dividend will be $0.250 per share for the quarter or $1.00 on an annualized basis. This dividend amount will represent a yield of $2.08. The ex-dividend date will be Wednesday June 14th, 2017.
The company currently has a P/E ratio of 17.28 and market cap is 592.20M. As of the latest earnings report the EPS was $2.80 and is estimated to be $2.70 for the current year with 12,223,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.71 with next year’s EPS anticipated to be $2.89.
First Financial Corporation, launched on October 28, 1982, 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 Business’s subsidiaries include First Financial Bank, N.A. (the Bank), The Morris Plan Company of Terre Haute (Morris Plan), First Chanticleer Corporation and FFB Risk Management Co., Inc. The Bank has two investment subsidiaries, Portfolio Management Specialists A (Specialists A) and Portfolio Management Specialists B (Specialists B), which holds and manages certain assets to manage various income streams and provides opportunities for capital creation as needed..