Analysts expect First Financial Bancorp. (NASDAQ:FFBC) to post sales of $90.41 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for First Financial Bancorp.’s earnings, with the lowest sales estimate coming in at $89.40 million and the highest estimate coming in at $90.93 million. First Financial Bancorp. reported sales of $85.77 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The business is scheduled to announce its next earnings report on Thursday, October 19th.

According to Zacks, analysts expect that First Financial Bancorp. will report full year sales of $90.41 million for the current year, with estimates ranging from $354.30 million to $363.10 million. For the next financial year, analysts anticipate that the company will post sales of $381.31 million per share, with estimates ranging from $378.62 million to $385.40 million. Zacks’ sales averages are an average based on a survey of research analysts that cover First Financial Bancorp..

First Financial Bancorp. (NASDAQ:FFBC) last posted its earnings results on Tuesday, July 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.01. First Financial Bancorp. had a return on equity of 10.74% and a net margin of 24.28%. The firm had revenue of $85.97 million for the quarter, compared to analysts’ expectations of $89.52 million. During the same period in the previous year, the company earned $0.36 earnings per share.

Several brokerages have recently weighed in on FFBC. Stephens reaffirmed a “hold” rating on shares of First Financial Bancorp. in a report on Wednesday. Piper Jaffray Companies set a $28.00 price objective on shares of First Financial Bancorp. and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price objective on shares of First Financial Bancorp. in a report on Friday, July 7th. Finally, BidaskClub downgraded shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.33.

In other First Financial Bancorp. news, insider Paul C. Silva sold 1,713 shares of First Financial Bancorp. stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $27.66, for a total transaction of $47,381.58. Following the completion of the transaction, the insider now owns 2,051 shares in the company, valued at $56,730.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.88% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of First Financial Bancorp. by 27.6% in the first quarter. Stifel Financial Corp now owns 45,398 shares of the bank’s stock worth $1,247,000 after buying an additional 9,821 shares during the last quarter. Capital One National Association boosted its position in shares of First Financial Bancorp. by 1.0% in the first quarter. Capital One National Association now owns 25,670 shares of the bank’s stock worth $705,000 after buying an additional 260 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of First Financial Bancorp. by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 86,898 shares of the bank’s stock worth $2,380,000 after buying an additional 5,586 shares during the last quarter. American Century Companies Inc. boosted its position in shares of First Financial Bancorp. by 747.7% in the first quarter. American Century Companies Inc. now owns 195,286 shares of the bank’s stock worth $5,361,000 after buying an additional 172,249 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of First Financial Bancorp. by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 6,840 shares of the bank’s stock worth $187,000 after buying an additional 130 shares during the last quarter. Institutional investors own 74.39% of the company’s stock.

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First Financial Bancorp. (NASDAQ FFBC) remained flat at $25.70 during midday trading on Thursday. The stock had a trading volume of 673,830 shares. First Financial Bancorp. has a 12 month low of $20.55 and a 12 month high of $29.80. The company has a market cap of $1.60 billion, a P/E ratio of 17.13 and a beta of 1.20. The firm’s 50 day moving average price is $27.48 and its 200 day moving average price is $27.36.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, August 30th. First Financial Bancorp.’s payout ratio is currently 45.03%.

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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