First Financial Bancorp. (FFBC) Announces $0.17 Quarterly Dividend
First Financial Bancorp. (NASDAQ:FFBC) announced a quarterly dividend on Tuesday, October 24th, RTT News reports. Stockholders of record on Friday, December 1st will be paid a dividend of 0.17 per share by the bank on Tuesday, January 2nd. This represents a $0.68 annualized dividend and a dividend yield of 2.46%.
Shares of First Financial Bancorp. (NASDAQ FFBC) traded up 0.55% during mid-day trading on Tuesday, hitting $27.65. 282,551 shares of the stock traded hands. First Financial Bancorp. has a 12-month low of $20.55 and a 12-month high of $29.80. The firm’s 50 day moving average price is $25.48 and its 200-day moving average price is $26.23. The stock has a market cap of $1.72 billion, a P/E ratio of 18.31 and a beta of 1.20.
First Financial Bancorp. (NASDAQ:FFBC) last announced its earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. The firm had revenue of $83.95 million during the quarter, compared to analyst estimates of $88.30 million. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. During the same quarter in the prior year, the firm posted $0.37 EPS. Analysts predict that First Financial Bancorp. will post $1.53 earnings per share for the current year.
FFBC has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 target price on shares of First Financial Bancorp. in a research report on Friday, July 7th. Zacks Investment Research lowered shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stephens upgraded shares of First Financial Bancorp. from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Wednesday, July 26th. Piper Jaffray Companies set a $28.00 target price on shares of First Financial Bancorp. and gave the company a “hold” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC decreased their target price 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.57.
In other 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 completion of the transaction, the insider now owns 74,170 shares in the company, valued at approximately $1,905,427.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have bought 801 shares of company stock valued at $20,054. Insiders own 1.88% 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.
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