News articles about First Financial Bancorp. (NASDAQ:FFBC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Financial Bancorp. earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.5807972292206 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
FFBC has been the subject of several research reports. Sandler O’Neill raised First Financial Bancorp. from a “hold” rating to a “buy” rating and raised their price target for the company from $28.00 to $29.00 in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of First Financial Bancorp. in a report on Friday, September 8th. ValuEngine downgraded First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised First Financial Bancorp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $28.00 price target on First Financial Bancorp. and gave the company a “hold” rating in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.00.
First Financial Bancorp. (NASDAQ:FFBC) opened at $26.60 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,647.69, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. First Financial Bancorp. has a 12-month low of $22.80 and a 12-month high of $29.80.
First Financial Bancorp. (NASDAQ:FFBC) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $83.95 million for the quarter, compared to analysts’ expectations of $88.30 million. First Financial Bancorp. had a return on equity of 11.22% and a net margin of 26.49%. During the same quarter last year, the business earned $0.37 EPS. sell-side analysts forecast that First Financial Bancorp. will post 1.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, November 30th. First Financial Bancorp.’s payout ratio is 43.04%.
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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