Media headlines about First Financial Bancorp (NASDAQ:FFBC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Financial Bancorp earned a news impact score of 0.23 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.2299879173678 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of analysts have recently weighed in on FFBC shares. Hilliard Lyons upgraded shares of First Financial Bancorp from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Monday, January 22nd. BidaskClub cut shares of First Financial Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Royal Bank of Canada restated a “hold” rating and issued a $28.00 price objective on shares of First Financial Bancorp in a research note on Friday, October 20th. FIG Partners upgraded shares of First Financial Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday. Finally, Zacks Investment Research upgraded shares of First Financial Bancorp from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $29.90.
First Financial Bancorp (NASDAQ FFBC) opened at $27.75 on Tuesday. First Financial Bancorp has a 52-week low of $22.80 and a 52-week high of $29.50. The stock has a market cap of $1,725.27, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.91 and a current ratio of 0.92.
First Financial Bancorp (NASDAQ:FFBC) last announced its earnings results on Thursday, January 18th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. First Financial Bancorp had a net margin of 26.11% and a return on equity of 11.51%. The business had revenue of $94.00 million for the quarter, compared to analyst estimates of $90.05 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. analysts expect that First Financial Bancorp will post 2.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.76 dividend on an annualized basis and a yield of 2.74%. This is a positive change from First Financial Bancorp’s previous quarterly dividend of $0.17. First Financial Bancorp’s payout ratio is 42.50%.
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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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