First Financial Bancorp (FFBC) Scheduled to Post Quarterly Earnings on Thursday
First Financial Bancorp (NASDAQ:FFBC) is scheduled to announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $88.26 million for the quarter.
First Financial Bancorp (NASDAQ:FFBC) opened at 21.40 on Wednesday. The firm has a market cap of $1.33 billion, a P/E ratio of 16.46 and a beta of 1.19. The stock’s 50 day moving average is $21.70 and its 200-day moving average is $20.33. First Financial Bancorp has a 1-year low of $13.76 and a 1-year high of $22.53.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 2nd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.64 annualized dividend and a yield of 2.99%. First Financial Bancorp’s dividend payout ratio is currently 49.23%.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/19/first-financial-bancorp-ffbc-scheduled-to-post-quarterly-earnings-on-thursday.html
In other First Financial Bancorp news, Director Knapke Murph sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $21.20, for a total transaction of $318,000.00. Following the completion of the sale, the director now directly owns 50,929 shares in the company, valued at approximately $1,079,694.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Holly M. Foster sold 2,021 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $21.84, for a total value of $44,138.64. Following the sale, the executive vice president now owns 4,979 shares of the company’s stock, valued at $108,741.36. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.
A number of large investors have recently made changes to their positions in FFBC. Summit Securities Group LLC acquired a new stake in shares of First Financial Bancorp during the second quarter worth approximately $195,000. Deere & Co. acquired a new stake in shares of First Financial Bancorp during the second quarter worth approximately $257,000. BlackRock Inc. raised its stake in shares of First Financial Bancorp by 342.3% in the second quarter. BlackRock Inc. now owns 18,672 shares of the company’s stock worth $363,000 after buying an additional 14,450 shares during the last quarter. Profund Advisors LLC raised its stake in shares of First Financial Bancorp by 7.0% in the second quarter. Profund Advisors LLC now owns 20,134 shares of the company’s stock worth $392,000 after buying an additional 1,310 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in shares of First Financial Bancorp by 55.9% in the second quarter. Catalyst Capital Advisors LLC now owns 27,900 shares of the company’s stock worth $543,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 72.66% of the company’s stock.
Several research analysts recently weighed in on the company. Zacks Investment Research raised First Financial Bancorp from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Monday, July 25th. Keefe, Bruyette & Woods raised their target price on First Financial Bancorp from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Monday, July 25th. Hilliard Lyons cut First Financial Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, July 25th. Barclays PLC raised their target price on First Financial Bancorp from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Monday, July 25th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $21.00 target price on shares of First Financial Bancorp in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.81.
First Financial Bancorp Company Profile
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
Receive News & Ratings for First Financial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.