First Financial Bancorp. (NASDAQ:FFBC) Announces Quarterly Earnings Results
First Financial Bancorp. (NASDAQ:FFBC) issued its quarterly earnings data on Tuesday. The bank reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01, RTT News reports. First Financial Bancorp. had a return on equity of 10.79% and a net margin of 24.42%. During the same quarter in the previous year, the business earned $0.36 earnings per share.
First Financial Bancorp. (NASDAQ FFBC) traded up 1.08% during trading on Tuesday, hitting $28.10. 176,216 shares of the stock traded hands. First Financial Bancorp. has a 12 month low of $20.55 and a 12 month high of $29.80. The firm has a market cap of $1.75 billion, a PE ratio of 18.73 and a beta of 1.20. The firm has a 50-day moving average price of $27.39 and a 200 day moving average price of $27.38.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.42%. First Financial Bancorp.’s payout ratio is 45.33%.
Several brokerages have commented on FFBC. Royal Bank Of Canada restated a “hold” rating and issued a $29.00 price objective on shares of First Financial Bancorp. in a report on Friday, July 7th. Zacks Investment Research lowered shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 price objective on shares of First Financial Bancorp. in a report on Monday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.50.
In other news, insider Paul C. Silva sold 1,713 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $27.66, for a total transaction of $47,381.58. Following the transaction, the insider now directly owns 2,051 shares in the company, valued at $56,730.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.88% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION WARNING: “First Financial Bancorp. (NASDAQ:FFBC) Announces Quarterly Earnings Results” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/25/first-financial-bancorp-nasdaqffbc-announces-quarterly-earnings-results.html.
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.