First Financial Bancorp (NASDAQ:FFBC) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Stockholders of record on Thursday, March 1st will be given a dividend of 0.19 per share by the bank on Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Wednesday, February 28th. This is a positive change from First Financial Bancorp’s previous quarterly dividend of $0.17.
Shares of First Financial Bancorp (FFBC) opened at $28.30 on Friday. The company has a market capitalization of $1,781.12, a price-to-earnings ratio of 17.39, a PEG ratio of 1.36 and a beta of 1.19. First Financial Bancorp has a 52 week low of $22.80 and a 52 week high of $29.50. 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 released its earnings results on Thursday, January 18th. The bank reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. The company had revenue of $94.00 million for the quarter, compared to analysts’ expectations of $90.05 million. First Financial Bancorp had a return on equity of 11.51% and a net margin of 26.11%. During the same period in the previous year, the business posted $0.38 EPS. research analysts predict that First Financial Bancorp will post 2.11 earnings per share for the current fiscal year.
FFBC has been the topic of a number of recent analyst reports. BidaskClub upgraded First Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Barclays boosted their price objective on First Financial Bancorp from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. FIG Partners upgraded First Financial Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Friday, February 9th. Finally, Hilliard Lyons upgraded First Financial Bancorp from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $29.90.
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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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