First Financial Bancorp. (NASDAQ:FFBC) Releases Earnings Results, Hits Estimates

First Financial Bancorp. (NASDAQ:FFBC) posted its quarterly earnings data on Thursday. The bank reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59, Yahoo Finance reports. First Financial Bancorp. had a return on equity of 12.16% and a net margin of 22.94%. During the same quarter in the prior year, the firm earned $0.76 earnings per share.

First Financial Bancorp. Stock Down 0.8 %

NASDAQ FFBC traded down $0.19 during trading hours on Thursday, hitting $22.36. 367,716 shares of the company traded hands, compared to its average volume of 326,866. The business’s 50-day moving average is $21.75 and its 200-day moving average is $21.62. First Financial Bancorp. has a twelve month low of $17.23 and a twelve month high of $24.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 8.31 and a beta of 1.05.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FFBC shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price objective on shares of First Financial Bancorp. in a report on Tuesday, April 9th. Piper Sandler started coverage on First Financial Bancorp. in a report on Friday, February 23rd. They set an “overweight” rating and a $26.00 price objective for the company.

First Financial Bancorp. Company Profile

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.