Insider Selling: First Financial Bancorp (Ohio) EVP Sells 1,500 Shares of Stock (FFBC)
First Financial Bancorp (Ohio) (NASDAQ:FFBC) EVP Richard S. Barbercheck unloaded 1,500 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is available at this link.
First Financial Bancorp (NASDAQ:FFBC) traded down 0.18% during mid-day trading on Wednesday, hitting $16.28. 30,840 shares of the company’s stock traded hands. First Financial Bancorp has a one year low of $14.31 and a one year high of $18.50. The stock has a 50-day moving average of $16.26 and a 200-day moving average of $16.85. The company has a market cap of $939.5 million and a price-to-earnings ratio of 19.19.
First Financial Bancorp (Ohio) (NASDAQ:FFBC) last released its earnings data on Tuesday, April 29th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. During the same quarter last year, the company posted $0.24 earnings per share. On average, analysts predict that First Financial Bancorp will post $1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Friday, May 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, May 28th.
A number of analysts have recently weighed in on FFBC shares. 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 issued 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 a consensus target price of $27.43.
First Financial Bancorp. (NASDAQ:FFBC) is a bank holding company.
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