Osborn Williams & Donohoe LLC cut its holdings in shares of First Financial Bancorp (NASDAQ:FFBC) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,914 shares of the bank’s stock after selling 2,286 shares during the quarter. Osborn Williams & Donohoe LLC owned 0.17% of First Financial Bancorp worth $2,844,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Truepoint Inc. bought a new position in First Financial Bancorp in the third quarter valued at approximately $309,000. Macquarie Group Ltd. increased its stake in First Financial Bancorp by 8.9% in the third quarter. Macquarie Group Ltd. now owns 2,770,582 shares of the bank’s stock valued at $72,451,000 after acquiring an additional 226,144 shares during the last quarter. Victory Capital Management Inc. increased its stake in First Financial Bancorp by 12.5% in the third quarter. Victory Capital Management Inc. now owns 1,499,861 shares of the bank’s stock valued at $39,221,000 after acquiring an additional 166,640 shares during the last quarter. Dean Capital Management bought a new position in First Financial Bancorp in the second quarter valued at approximately $4,020,000. Finally, Chartwell Investment Partners LLC increased its stake in First Financial Bancorp by 28.9% in the third quarter. Chartwell Investment Partners LLC now owns 603,250 shares of the bank’s stock valued at $15,774,000 after acquiring an additional 135,325 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors.
FFBC has been the topic of a number of research analyst reports. Hilliard Lyons upgraded shares of First Financial Bancorp from a “neutral” rating to a “buy” rating in a research report on Monday. BidaskClub lowered shares of First Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Zacks Investment Research upgraded shares of First Financial Bancorp from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, October 24th. Barclays raised their target price on shares of First Financial Bancorp from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Monday, October 23rd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $28.00 target price on shares of First Financial Bancorp in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.38.
Shares of First Financial Bancorp (NASDAQ:FFBC) traded up $1.45 during trading hours on Monday, hitting $29.20. 400,700 shares of the stock were exchanged, compared to its average volume of 433,485. The firm has a market capitalization of $1,810.00, a price-to-earnings ratio of 19.08, a PEG ratio of 1.49 and a beta of 1.16. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.93. First Financial Bancorp has a 52 week low of $22.80 and a 52 week high of $29.40.
First Financial Bancorp (NASDAQ:FFBC) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $94.00 million for the quarter, compared to analyst estimates of $90.05 million. First Financial Bancorp had a net margin of 26.11% and a return on equity of 11.51%. During the same quarter in the previous year, the business earned $0.38 earnings per share. research analysts anticipate that First Financial Bancorp will post 1.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.33%. First Financial Bancorp’s dividend payout ratio (DPR) is presently 44.44%.
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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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