Insider Buying: First Financial Bancorp (Ohio) Director Acquires 443 Shares of Stock (FFBC)
First Financial Bancorp (Ohio) (NASDAQ:FFBC) Director Maribeth S. Rahe purchased 443 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 15th. The stock was purchased at an average price of $16.85 per share, for a total transaction of $7,464.55. Following the completion of the transaction, the director now directly owns 9,127 shares of the company’s stock, valued at approximately $153,790. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of First Financial Bancorp (NASDAQ:FFBC) traded down 0.84% during mid-day trading on Thursday, hitting $16.51. The stock had a trading volume of 34,203 shares. First Financial Bancorp has a one year low of $14.53 and a one year high of $18.50. The stock’s 50-day moving average is $16.92 and its 200-day moving average is $16.94. The company has a market cap of $952.8 million and a price-to-earnings ratio of 19.59.
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 $1.13 EPS for the current fiscal year.
A number of research firms have recently commented on FFBC. Analysts at Barclays raised their price target on shares of First Financial Bancorp (Ohio) from $16.00 to $17.00 in a research note on Wednesday, July 9th. They now have an “underweight” rating on the stock. Separately, analysts at TheStreet upgraded shares of First Financial Bancorp (Ohio) from a “hold” rating to a “buy” rating in a research note on Thursday, July 3rd. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.94.
First Financial Bancorp. (NASDAQ:FFBC) is a bank holding company.
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