TERRE HAUTE, IN – Mark Jason Blade Sr., a director at First Financial Corp (NASDAQ:THFF), has recently made a notable investment in the company's stock. On May 6, Blade purchased 531 shares at a price of $38.06 per share, totaling $20,209.
This transaction demonstrates a vote of confidence from Blade in the financial institution's future prospects. Following this purchase, Blade now owns a total of 1,608 shares in First Financial Corp. The acquisition of these shares was conducted directly, as indicated in the latest filings.
First Financial Corp, headquartered in Terre Haute, Indiana, operates as a state commercial bank and is known for serving the local community through a range of financial services. This recent purchase by a member of the company's board is often seen by investors as a positive signal.
For those closely monitoring insider activities, transactions like these are significant as they can provide insights into the perspectives of those who are deeply familiar with the company's operations and potential.
The transaction was legally signed off by Rodger A. McHargue, holding Power of Attorney for Mark J. Blade, Sr., ensuring the proper documentation and authentication of this insider stock purchase.
InvestingPro Insights
First Financial Corp (NASDAQ:THFF) has been demonstrating a commitment to shareholder returns, as evidenced by its consistent dividend payments. According to InvestingPro, the company has raised its dividend for 5 consecutive years and has maintained dividend payments for an impressive 42 consecutive years. This reliability in dividend distribution underscores the company's financial stability and dedication to its shareholders.
InvestingPro Data reveals a market capitalization of $451.89M and a price-to-earnings (P/E) ratio of 8.17, suggesting that the stock may be undervalued compared to industry peers. The P/E ratio has remained stable at 8.15 over the last twelve months as of Q1 2024. Additionally, the company boasts a dividend yield of 4.78%, which is attractive to income-seeking investors, especially in the current market environment.
While the company has experienced some challenges, such as a decline in revenue growth by 4.95% over the last twelve months as of Q1 2024, analysts predict that First Financial Corp will be profitable this year. This is further supported by the fact that the company has been profitable over the last twelve months. For investors seeking more detailed insights, there are additional InvestingPro Tips available, which can be accessed with an exclusive 10% discount using the coupon code PRONEWS24 on a yearly or biyearly Pro and Pro+ subscription.
As the next earnings date approaches on July 23, 2024, potential and current investors can look to these insights to gauge the company's performance and make informed decisions. With the recent insider purchase by director Mark Jason Blade Sr., the company's stock may garner increased attention from the market.
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