First Financial Bancorp. (NASDAQ:FFBC) – Equities research analysts at FIG Partners issued their Q1 2018 earnings per share estimates for shares of First Financial Bancorp. in a report issued on Wednesday. FIG Partners analyst J. Rodis expects that the bank will post earnings of $0.36 per share for the quarter. FIG Partners also issued estimates for First Financial Bancorp.’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $1.69 EPS.

First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by $0.01. First Financial Bancorp. had a return on equity of 10.65% 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 quarter in the prior year, the business earned $0.36 earnings per share.

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FFBC has been the subject of a number of other reports. Barclays PLC decreased their price target on shares of First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating for the company in a research report on Thursday, July 27th. Zacks Investment Research cut shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp. and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Sandler O’Neill raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $28.00 to $29.00 in a research report on Friday, July 28th. Finally, BidaskClub cut shares of First Financial Bancorp. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. First Financial Bancorp. has an average rating of “Hold” and an average target price of $28.63.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 2.64%. First Financial Bancorp.’s dividend payout ratio (DPR) is 45.03%.

In other First Financial Bancorp. news, insider Paul C. Silva sold 1,713 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $27.66, for a total value of $47,381.58. Following the completion of the transaction, the insider now directly owns 2,051 shares of the company’s stock, valued at approximately $56,730.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider C Douglas Lefferson sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.69, for a total transaction of $1,027,600.00. Following the completion of the transaction, the insider now directly owns 74,170 shares of the company’s stock, valued at $1,905,427.30. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of FFBC. Marshall Wace North America L.P. purchased a new position in First Financial Bancorp. during the second quarter worth $1,269,000. BNP Paribas Arbitrage SA boosted its position in First Financial Bancorp. by 52.9% in the second quarter. BNP Paribas Arbitrage SA now owns 19,271 shares of the bank’s stock worth $534,000 after buying an additional 6,665 shares during the last quarter. Legal & General Group Plc boosted its position in First Financial Bancorp. by 12.7% in the second quarter. Legal & General Group Plc now owns 123,816 shares of the bank’s stock worth $3,430,000 after buying an additional 13,953 shares during the last quarter. Bank of New York Mellon Corp boosted its position in First Financial Bancorp. by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,242,617 shares of the bank’s stock worth $34,420,000 after buying an additional 23,538 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position in First Financial Bancorp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 17,163 shares of the bank’s stock worth $475,000 after buying an additional 45 shares during the last quarter. 67.23% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for First Financial Bancorp. (NASDAQ:FFBC)

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