First Financial Bancorp. (NASDAQ:FFBC) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.00.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of First Financial Bancorp. from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price objective on shares of First Financial Bancorp. in a report on Friday, September 8th. ValuEngine downgraded shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded shares of First Financial Bancorp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Sandler O’Neill raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $29.00 in a report on Friday, July 28th.
First Financial Bancorp. (NASDAQ:FFBC) traded down $0.35 during mid-day trading on Monday, reaching $27.05. 332,793 shares of the company traded hands, compared to its average volume of 281,274. The firm has a market capitalization of $1,700.44, a price-to-earnings ratio of 17.34, a PEG ratio of 1.76 and a beta of 1.17. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.02. First Financial Bancorp. has a 52 week low of $22.80 and a 52 week high of $29.80.
First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The company had revenue of $83.95 million for the quarter, compared to analyst estimates of $88.30 million. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. During the same quarter last year, the business earned $0.37 earnings per share. research analysts predict that First Financial Bancorp. will post 1.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Bancorp.’s payout ratio is 43.04%.
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of First Financial Bancorp. in the third quarter worth about $125,000. Ameritas Investment Partners Inc. lifted its stake in shares of First Financial Bancorp. by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,410 shares of the bank’s stock worth $150,000 after buying an additional 349 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of First Financial Bancorp. by 0.6% in the second quarter. IFP Advisors Inc now owns 6,542 shares of the bank’s stock worth $181,000 after buying an additional 36 shares in the last quarter. FDx Advisors Inc. purchased a new position in shares of First Financial Bancorp. in the third quarter worth about $205,000. Finally, Amalgamated Bank lifted its stake in shares of First Financial Bancorp. by 1.2% in the second quarter. Amalgamated Bank now owns 8,406 shares of the bank’s stock worth $233,000 after buying an additional 102 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.
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About First Financial Bancorp.
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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