First Financial Bancorp. (NASDAQ:FFBC) posted its earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02, RTT News reports. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. The firm had revenue of $83.95 million for the quarter, compared to analyst estimates of $88.30 million. During the same period in the previous year, the firm posted $0.37 EPS.
First Financial Bancorp. (NASDAQ:FFBC) traded up 0.90% on Friday, hitting $28.05. 314,557 shares of the company were exchanged. The stock has a 50 day moving average of $25.91 and a 200 day moving average of $26.27. First Financial Bancorp. has a 52 week low of $20.95 and a 52 week high of $29.80. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.58 and a beta of 1.20.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.42%. First Financial Bancorp.’s payout ratio is presently 43.04%.
A number of equities research analysts have weighed in on FFBC shares. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 target price on shares of First Financial Bancorp. in a report on Friday, September 8th. Zacks Investment Research lowered shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Piper Jaffray Companies set a $28.00 price objective on shares of First Financial Bancorp. and gave the company a “hold” rating in a research note on Tuesday, July 25th. BidaskClub lowered shares of First Financial Bancorp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Barclays PLC reduced their price objective on shares of First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating on the stock in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. First Financial Bancorp. presently has an average rating of “Hold” and a consensus price target of $29.00.
In other First Financial Bancorp. news, insider C Douglas Lefferson sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $25.69, for a total value of $1,027,600.00. Following the transaction, the insider now owns 74,170 shares of the company’s stock, valued at approximately $1,905,427.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.88% of the company’s stock.
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First Financial Bancorp. Company Profile
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
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