First Financial Bancorp. (NASDAQ:FFBC) insider Bradley J. Ringwald sold 1,000 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $24.34, for a total transaction of $24,340.00. Following the completion of the transaction, the insider now directly owns 11,230 shares in the company, valued at $273,338.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of First Financial Bancorp. (FFBC) traded up 0.42% on Friday, reaching $24.15. 113,176 shares of the company’s stock traded hands. First Financial Bancorp. has a 52 week low of $20.55 and a 52 week high of $29.80. The company has a 50 day moving average of $26.67 and a 200-day moving average of $27.07. The stock has a market capitalization of $1.50 billion, a PE ratio of 15.99 and a beta of 1.18.

First Financial Bancorp. (NASDAQ:FFBC) last posted its quarterly 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. The company had revenue of $85.97 million during the quarter, compared to analyst estimates of $89.52 million. First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. During the same period in the prior year, the company earned $0.36 earnings per share. Equities research analysts forecast that First Financial Bancorp. will post $1.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.68 annualized dividend and a yield of 2.83%. First Financial Bancorp.’s dividend payout ratio is presently 45.03%.

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A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 target price on shares of First Financial Bancorp. in a research report on Friday, July 7th. Stephens raised shares of First Financial Bancorp. from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Two investment 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’s stock. First Financial Bancorp. currently has a consensus rating of “Hold” and an average price target of $28.63.

Several hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of 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 worth $122,000 after buying an additional 122 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of First Financial Bancorp. during the first quarter worth $139,000. Bank of Montreal Can boosted its stake in shares of First Financial Bancorp. by 50.3% in the first quarter. Bank of Montreal Can now owns 5,580 shares of the bank’s stock worth $153,000 after buying an additional 1,867 shares during the period. SG Americas Securities LLC boosted its stake in shares of First Financial Bancorp. by 16.6% in the first quarter. SG Americas Securities LLC now owns 6,492 shares of the bank’s stock worth $178,000 after buying an additional 922 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of First Financial Bancorp. by 0.5% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the bank’s stock worth $179,000 after buying an additional 31 shares during the period. 74.31% of the stock is currently 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.

Insider Buying and Selling by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

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