First Financial Bancorp. (FFBC) Scheduled to Post Earnings on Thursday
First Financial Bancorp. (NASDAQ:FFBC) will release its earnings data after the market closes on Thursday, October 19th. Analysts expect First Financial Bancorp. to post earnings of $0.39 per share for the quarter.
First Financial Bancorp. (NASDAQ:FFBC) last issued 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 business had revenue of $85.97 million for the quarter, compared to the consensus estimate of $89.52 million. During the same period last year, the firm earned $0.36 earnings per share. On average, analysts expect First Financial Bancorp. to post $1.52 EPS for the current fiscal year and $1.79 EPS for the next fiscal year.
Shares of First Financial Bancorp. (NASDAQ FFBC) opened at 26.45 on Thursday. The company has a market capitalization of $1.64 billion, a PE ratio of 17.52 and a beta of 1.20. The firm’s 50-day moving average is $24.92 and its 200 day moving average is $26.26. First Financial Bancorp. has a 12 month low of $20.55 and a 12 month high of $29.80.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio (DPR) is 45.03%.
In related news, insider C Douglas Lefferson sold 40,000 shares of the firm’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 transaction, the insider now directly owns 74,170 shares of the company’s stock, valued at $1,905,427.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 801 shares of company stock worth $20,054 over the last three months. 1.88% of the stock is owned by insiders.
A number of research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of First Financial Bancorp. in a research note 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 price objective on the stock in a research note on Wednesday, July 26th. Zacks Investment Research lowered shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Piper Jaffray Companies set a $28.00 price objective on shares of First Financial Bancorp. and gave the company a “hold” rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. First Financial Bancorp. currently has a consensus rating of “Hold” and an average price target of $28.29.
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.
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