Insider Selling: Richard S. Barbercheck Sells 1,500 Shares of First Financial Bancorp (Ohio) Stock (FFBC)
First Financial Bancorp (Ohio) (NASDAQ:FFBC) EVP Richard S. Barbercheck unloaded 1,500 shares of First Financial Bancorp (Ohio) stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $16.26, for a total transaction of $24,390.00. Following the transaction, the executive vice president now directly owns 20,527 shares of the company’s stock, valued at approximately $333,769. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of First Financial Bancorp (NASDAQ:FFBC) traded up 0.43% on Tuesday, hitting $16.38. The stock had a trading volume of 71,448 shares. First Financial Bancorp has a 52 week low of $14.31 and a 52 week high of $18.50. The stock’s 50-day moving average is $16.28 and its 200-day moving average is $16.84. The company has a market cap of $945.3 million and a price-to-earnings ratio of 19.19.
First Financial Bancorp (Ohio) (NASDAQ:FFBC) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. During the same quarter in the prior year, the company posted $0.24 earnings per share. Analysts expect that First Financial Bancorp will post $1.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, May 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, May 28th.
A number of research firms have recently commented on FFBC. Analysts at Zacks downgraded shares of First Financial Bancorp (Ohio) from an “outperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $19.10 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of First Financial Bancorp (Ohio) in a research note on Thursday, May 1st. They now have a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. First Financial Bancorp (Ohio) presently has a consensus rating of “Hold” and an average price target of $27.43.
First Financial Bancorp. (NASDAQ:FFBC) is a bank holding company.
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