First Financial Bancorp. (NASDAQ:FFBC) has been given a $28.00 target price by analysts at Piper Jaffray Companies in a report released on Tuesday. The firm currently has a “hold” rating on the bank’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 8.95% from the company’s previous close.

Several other research firms have also issued reports on FFBC. Zacks Investment Research upgraded First Financial Bancorp. from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, June 20th. Stephens reiterated a “hold” rating on shares of First Financial Bancorp. in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 target price on shares of First Financial Bancorp. in a report on Monday, April 10th. BidaskClub lowered First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, ValuEngine upgraded First Financial Bancorp. from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.33.

First Financial Bancorp. (NASDAQ FFBC) traded down 8.54% during trading on Tuesday, hitting $25.70. The company had a trading volume of 1,689,972 shares. First Financial Bancorp. has a 12-month low of $20.55 and a 12-month high of $29.80. The firm has a 50-day moving average of $27.48 and a 200 day moving average of $27.36. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 17.13 and a beta of 1.20.

First Financial Bancorp. (NASDAQ:FFBC) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.01. The firm had revenue of $85.97 million for the quarter, compared to analyst estimates of $89.52 million. First Financial Bancorp. had a return on equity of 10.79% and a net margin of 24.42%. During the same period in the prior year, the company earned $0.36 earnings per share. On average, equities research analysts forecast that First Financial Bancorp. will post $1.56 earnings per share for the current year.

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In other First Financial Bancorp. news, insider Paul C. Silva sold 1,713 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $27.66, for a total value of $47,381.58. Following the sale, the insider now owns 2,051 shares in the company, valued at $56,730.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.88% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in FFBC. Bronfman E.L. Rothschild L.P. raised its stake in First Financial Bancorp. by 2.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,439 shares of the bank’s stock valued at $122,000 after buying an additional 122 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in First Financial Bancorp. during the first quarter valued at about $139,000. Bank of Montreal Can raised its stake in First Financial Bancorp. by 50.3% in the first quarter. Bank of Montreal Can now owns 5,580 shares of the bank’s stock valued at $153,000 after buying an additional 1,867 shares in the last quarter. SG Americas Securities LLC raised its stake in First Financial Bancorp. by 16.6% in the first quarter. SG Americas Securities LLC now owns 6,492 shares of the bank’s stock valued at $178,000 after buying an additional 922 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in First Financial Bancorp. by 0.5% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the bank’s stock valued at $179,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.

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.

Analyst Recommendations for First Financial Bancorp. (NASDAQ:FFBC)

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