Press coverage about First Financial Bancorp. (NASDAQ:FFBC) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Financial Bancorp. earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.6548637652784 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research analysts have weighed in on the stock. Stephens raised shares of First Financial Bancorp. from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of First Financial Bancorp. from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 24th. Barclays PLC lifted their price target on shares of First Financial Bancorp. from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Monday, October 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of First Financial Bancorp. in a research report on Friday, October 20th. Finally, Piper Jaffray Companies set a $28.00 target price on First Financial Bancorp. and gave the company a “hold” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.00.
Shares of First Financial Bancorp. (NASDAQ FFBC) traded up $0.10 during mid-day trading on Friday, hitting $26.70. 153,254 shares of the company were exchanged, compared to its average volume of 306,651. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,657.00, a P/E ratio of 16.90, a P/E/G ratio of 1.72 and a beta of 1.17. First Financial Bancorp. has a 12-month low of $22.80 and a 12-month high of $29.80.
First Financial Bancorp. (NASDAQ:FFBC) last issued its earnings results on Thursday, October 19th. The bank reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. 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 during the quarter, compared to the consensus estimate of $88.30 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. equities analysts expect that First Financial Bancorp. will post 1.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a $0.17 dividend. 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 2.55%. First Financial Bancorp.’s payout ratio is 43.04%.
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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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