First Financial Bancorp. (NASDAQ:FFBC) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in First Financial Bancorp. (NASDAQ:FFBC) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,489 shares of the bank’s stock after purchasing an additional 1,688 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in First Financial Bancorp. were worth $2,796,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its stake in First Financial Bancorp. by 70.3% during the third quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the bank’s stock valued at $545,000 after buying an additional 18,740 shares in the last quarter. BBVA USA Bancshares Inc. boosted its holdings in First Financial Bancorp. by 10.3% in the third quarter. BBVA USA Bancshares Inc. now owns 16,339 shares of the bank’s stock worth $196,000 after purchasing an additional 1,532 shares during the period. PL Capital Advisors LLC boosted its holdings in shares of First Financial Bancorp. by 58.4% in the 3rd quarter. PL Capital Advisors LLC now owns 271,364 shares of the bank’s stock valued at $3,258,000 after buying an additional 100,000 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Financial Bancorp. by 4.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 25,011 shares of the bank’s stock worth $300,000 after purchasing an additional 1,144 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in First Financial Bancorp. in the 3rd quarter valued at about $235,000. Institutional investors and hedge funds own 72.72% of the company’s stock.

Several research analysts have issued reports on the stock. TheStreet upgraded shares of First Financial Bancorp. from a “c+” rating to a “b-” rating in a research report on Monday, November 16th. Zacks Investment Research upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, January 4th. Finally, Piper Sandler upgraded shares of First Financial Bancorp. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Monday, February 1st.

Shares of NASDAQ FFBC opened at $22.71 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.92. First Financial Bancorp. has a one year low of $10.83 and a one year high of $23.89. The business’s 50-day moving average price is $20.37 and its two-hundred day moving average price is $16.30. The company has a market capitalization of $2.23 billion, a P/E ratio of 14.37 and a beta of 1.24.

First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings results on Wednesday, January 27th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. First Financial Bancorp. had a return on equity of 7.42% and a net margin of 22.09%. During the same quarter last year, the business posted $0.52 earnings per share. On average, equities analysts anticipate that First Financial Bancorp. will post 1.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Friday, February 26th. First Financial Bancorp.’s payout ratio is presently 42.99%.

In other news, Chairman Claude E. Davis sold 41,185 shares of the stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $21.70, for a total transaction of $893,714.50. Following the transaction, the chairman now owns 241,220 shares of the company’s stock, valued at approximately $5,234,474. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Claude E. Davis sold 16,037 shares of the stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $21.54, for a total value of $345,436.98. Following the transaction, the chairman now directly owns 282,405 shares in the company, valued at approximately $6,083,003.70. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

About First Financial Bancorp.

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 accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers.

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Institutional Ownership by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

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