First Financial Bancorp (Ohio) Price Target Raised to $70.00 at Wunderlich (FFBC)
Equities research analysts at Wunderlich lifted their target price on shares of First Financial Bancorp (Ohio) (NASDAQ:FFBC) from $58.00 to $70.00 in a research note issued to investors on Friday, Analyst Ratings Network reports. Wunderlich’s price objective indicates a potential upside of 354.25% from the company’s current price.
Shares of First Financial Bancorp (NASDAQ:FFBC) opened at 15.41 on Friday. First Financial Bancorp has a one year low of $13.87 and a one year high of $17.83. The stock has a 50-day moving average of $15.31 and a 200-day moving average of $15.49. The company has a market cap of $889.2 million and a P/E ratio of 14.92.
First Financial Bancorp (Ohio) (NASDAQ:FFBC) last announced its earnings results on Thursday, October 24th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.01. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts expect that First Financial Bancorp will post $1.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Stockholders of record on Friday, November 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Tuesday, November 26th.
FFBC has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of First Financial Bancorp (Ohio) from $62.00 to $70.00 in a research note to investors on Friday. They now have a “strong-buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of First Financial Bancorp (Ohio) from $58.00 to $66.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Sterne Agee downgraded shares of First Financial Bancorp (Ohio) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.88.
First Financial Bancorp. (NASDAQ:FFBC) is a bank holding company.
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