TERRE HAUTE, IN – Susan M. Jensen, a member of the board of directors at First Financial Corp (NASDAQ:THFF), has recently increased her stake in the company. According to the latest regulatory filings, Jensen purchased 92 shares of First Financial Corp stock at a price of $37.19 per share, totaling approximately $3,421.
This transaction, which took place on May 3, 2024, indicates a continued confidence in the company's performance and prospects. Following the purchase, Jensen now directly owns a total of 1,620 shares in First Financial Corp.
Investors often monitor insider buying as it can be a signal of an executive’s belief in the company’s future success. Jensen's acquisition of additional shares could be interpreted as a positive sign by the market.
First Financial Corp, headquartered in Terre Haute, Indiana, is a state commercial bank known for providing a range of financial services. The company's commitment to serving its community has been a cornerstone of its business model, with a history that can be traced back to its former name, Terre Haute First Corp.
The financial details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, which was signed on Jensen's behalf by Rodger A. McHargue under the power of attorney.
Shareholders and potential investors can keep an eye on such transactions as they assess their investment strategies related to First Financial Corp. The company's stock, traded under the ticker THFF, reflects the ongoing financial activities and strategic decisions made by its executives and board members.
InvestingPro Insights
First Financial Corp (NASDAQ:THFF) has shown a pattern of strong dividend reliability, as reflected in the company's impressive streak of maintaining dividend payments for 42 consecutive years. This consistency is accompanied by a recent increase, marking five years of consecutive dividend growth, which underscores the bank's commitment to returning value to shareholders. This dedication to dividends aligns with the recent insider purchase by board member Susan M. Jensen, suggesting a deep-seated confidence in the company's financial health and future outlook.
From a valuation standpoint, First Financial Corp is currently trading with a Price/Earnings (P/E) ratio of 8.12, which has remained fairly stable when adjusted for the last twelve months as of Q1 2024, standing at 8.07. This indicates that the company is trading at a consistent earnings multiple, which could appeal to value-oriented investors. Moreover, the Price/Book (P/B) ratio of 0.86 suggests that the market is valuing the company at slightly below its book value, potentially offering an attractive entry point for investors seeking assets at a discount.
Despite facing challenges such as a downward revision of earnings by two analysts for the upcoming period, and a contraction in revenue growth by 4.95% over the last twelve months as of Q1 2024, First Financial Corp has managed to remain profitable during this period. This resilience in profitability, coupled with a strong dividend history, might catch the eye of investors who prioritize steady income and long-term stability in their investment choices.
For those interested in a deeper analysis, there are additional InvestingPro Tips available that provide further insights into First Financial Corp's financial performance and outlook. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable tips and make more informed investment decisions.
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