TERRE HAUTE, IN – Thomas T. Dinkel, a director at First Financial Corp (NASDAQ:THFF), has sold shares in the company, according to a recent filing with the Securities and Exchange Commission. The transaction took place on November 16, 2023, and involved the sale of 420 shares at a price of $36.98 per share, totaling approximately $15,531.
The sale has adjusted Dinkel's direct holdings in First Financial Corp to 17,262 shares following the transaction. The company, headquartered in Terre Haute, Indiana, operates within the state commercial banks sector and is known for providing a range of financial services.
Investors often monitor insider transactions as they can provide insights into an executive's confidence in the company's prospects. It is worth noting that insider selling does not always suggest a negative outlook; it can also reflect personal financial management or diversification strategies.
First Financial Corp has not released any official statement regarding the transaction, and as is standard practice, the SEC filing does not disclose the reasons behind Dinkel's decision to sell the shares.
Shareholders and potential investors can stay informed of further insider transactions by First Financial Corp through future SEC filings and company announcements.
InvestingPro Insights
First Financial Corp (NASDAQ:THFF) appears to be navigating a challenging financial landscape, as reflected in recent data and analyst insights. With a market capitalization of $431.57 million and a notable price-to-earnings (P/E) ratio of 7.18, the company is trading at a low earnings multiple. This could signal an opportunity for value investors looking for potentially undervalued stocks. Additionally, the adjusted P/E ratio for the last twelve months as of Q4 2023 stands slightly lower at 7.11, reinforcing the value play perspective.
Despite a decrease in revenue growth by 6.94% over the last twelve months as of Q4 2023, First Financial Corp remains profitable, with an operating income margin of 37.2%. This profitability is further evidenced by the company's basic and diluted earnings per share (EPS) for continuing operations, which were both reported at $5.08. Moreover, the company has a track record of maintaining dividend payments, having done so for 41 consecutive years, which might appeal to income-focused investors. The dividend yield as of a recent date in 2024 stands at an attractive 4.98%.
However, not all indicators are positive. The company's price has experienced a significant drop over the last three months, with a total price return of -15.63%. This could raise concerns about short-term volatility or potential market undervaluation. Additionally, two analysts have revised their earnings expectations downwards for the upcoming period, suggesting that there may be challenges ahead.
To gain a deeper understanding of First Financial Corp's financial health and future prospects, investors can explore additional InvestingPro Tips that delve into aspects such as gross profit margins and further analyst predictions. Currently, there are more than 6 additional tips available on InvestingPro, which can be accessed at: https://www.investing.com/pro/THFF. For those interested in a comprehensive analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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