News headlines about First Financial Bancorp. (NASDAQ:FFBC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.17 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.8366529340851 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities research analysts have recently weighed in on FFBC shares. BidaskClub downgraded shares of First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Barclays PLC reduced their target price on shares of First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating on the stock in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Piper Jaffray Companies set a $28.00 target price on shares of First Financial Bancorp. and gave the company a “hold” rating in a research note on Tuesday, July 25th. Finally, Sandler O’Neill raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and increased their target price for the company from $28.00 to $29.00 in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.50.
First Financial Bancorp. (FFBC) traded up 0.82% on Friday, reaching $24.70. 541,724 shares of the company traded hands. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.36 and a beta of 1.19. The stock has a 50 day moving average of $24.58 and a 200-day moving average of $26.51. First Financial Bancorp. has a 1-year low of $20.55 and a 1-year high of $29.80.
First Financial Bancorp. (NASDAQ:FFBC) last posted its earnings results on Tuesday, July 25th. The bank reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. The company had revenue of $85.97 million during the quarter, compared to analyst estimates of $89.52 million. During the same period in the previous year, the company earned $0.36 EPS. On average, equities analysts anticipate that First Financial Bancorp. will post $1.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 2.75%. First Financial Bancorp.’s payout ratio is currently 45.03%.
In other First Financial Bancorp. news, insider C Douglas Lefferson sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.69, for a total value of $1,027,600.00. Following the transaction, the insider now owns 74,170 shares of the company’s stock, valued at $1,905,427.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 797 shares of company stock worth $20,099 in the last ninety days. 1.88% of the stock is currently owned by corporate insiders.
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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