First Financial Bancorp (Ohio) (FFBC) Announces Quarterly Earnings, Beats Expectations By $0.04 EPS
First Financial Bancorp (Ohio) (NASDAQ:FFBC) announced its earnings results on Friday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04, ARN reports.
Shares of First Financial Bancorp (NASDAQ:FFBC) opened at 16.86 on Friday. First Financial Bancorp has a 1-year low of $14.31 and a 1-year high of $17.77. The stock has a 50-day moving average of $17.21 and a 200-day moving average of $16.07. The company has a market cap of $972.0 million and a P/E ratio of 16.03.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Investors of record on Friday, February 28th will be given a dividend of 0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.56%.
A number of research firms have recently commented on FFBC. Analysts at Guggenheim raised their price target on shares of First Financial Bancorp (Ohio) to $17.50 in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of First Financial Bancorp (Ohio) from $15.50 to $16.00 in a research note to investors on Monday, December 23rd. Finally, analysts at Raymond James raised their price target on shares of First Financial Bancorp (Ohio) from $18.00 to $18.50 in a research note to investors on Friday, December 20th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.57.
First Financial Bancorp. (NASDAQ:FFBC) is a bank holding company.
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