First Financial Bancorp. to Issue Quarterly Dividend of $0.17 (NASDAQ:FFBC)
First Financial Bancorp. (NASDAQ:FFBC) declared a quarterly dividend on Tuesday, July 25th, RTT News reports. Investors of record on Friday, September 1st will be paid a dividend of 0.17 per share by the bank on Monday, October 2nd. This represents a $0.68 annualized dividend and a yield of 2.42%.
Shares of First Financial Bancorp. (FFBC) traded up 1.08% on Tuesday, reaching $28.10. 176,216 shares of the company traded hands. The stock’s 50 day moving average price is $27.39 and its 200-day moving average price is $27.38. The stock has a market capitalization of $1.75 billion, a P/E ratio of 18.73 and a beta of 1.20. First Financial Bancorp. has a one year low of $20.55 and a one year high of $29.80.
Several brokerages recently commented on FFBC. BidaskClub raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, June 27th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price objective on shares of First Financial Bancorp. in a research report on Friday, July 7th. ValuEngine raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price objective on shares of First Financial Bancorp. in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.50.
In other First Financial Bancorp. news, insider Paul C. Silva sold 1,713 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $56,730.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.88% of the stock is currently owned by insiders.
About First Financial Bancorp.
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.
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