First Financial Bancorp. (NASDAQ:FFBC) – Equities researchers at FIG Partners upped their Q1 2018 EPS estimates for shares of First Financial Bancorp. in a research note issued on Monday. FIG Partners analyst J. Rodis now forecasts that the bank will post earnings of $0.37 per share for the quarter, up from their previous forecast of $0.36. FIG Partners also issued estimates for First Financial Bancorp.’s Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.47 EPS and FY2018 earnings at $1.75 EPS.

First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $83.95 million for the quarter, compared to the consensus estimate of $88.30 million. First Financial Bancorp. had a return on equity of 11.22% and a net margin of 26.49%. During the same period in the previous year, the business earned $0.37 EPS.

ILLEGAL ACTIVITY WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/24/first-financial-bancorp-ffbc-to-post-q1-2018-earnings-of-0-37-per-share-fig-partners-forecasts.html.

FFBC has been the topic of several other reports. BidaskClub cut First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Barclays PLC cut their target price on First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating on the stock in a research note on Thursday, July 27th. Zacks Investment Research raised First Financial Bancorp. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 target price on shares of First Financial Bancorp. in a research note on Friday. Finally, Piper Jaffray Companies set a $28.00 target price on First Financial Bancorp. and gave the stock a “hold” rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. First Financial Bancorp. presently has a consensus rating of “Hold” and a consensus price target of $28.57.

Shares of First Financial Bancorp. (FFBC) traded up 0.455% on Tuesday, hitting $27.625. The stock had a trading volume of 88,324 shares. The firm has a 50 day moving average of $25.48 and a 200-day moving average of $26.24. First Financial Bancorp. has a 1-year low of $20.55 and a 1-year high of $29.80. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 18.295 and a beta of 1.20.

A number of institutional investors have recently bought and sold shares of FFBC. Ameritas Investment Partners Inc. boosted its position in First Financial Bancorp. by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,410 shares of the bank’s stock valued at $150,000 after acquiring an additional 349 shares in the last quarter. SG Americas Securities LLC boosted its position in First Financial Bancorp. by 16.6% during the 1st quarter. SG Americas Securities LLC now owns 6,492 shares of the bank’s stock valued at $178,000 after acquiring an additional 922 shares in the last quarter. IFP Advisors Inc boosted its position in First Financial Bancorp. by 0.6% during the 2nd quarter. IFP Advisors Inc now owns 6,542 shares of the bank’s stock valued at $181,000 after acquiring an additional 36 shares in the last quarter. Amalgamated Bank boosted its position in First Financial Bancorp. by 1.2% during the 2nd quarter. Amalgamated Bank now owns 8,406 shares of the bank’s stock valued at $233,000 after acquiring an additional 102 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new stake in First Financial Bancorp. during the 2nd quarter valued at approximately $261,000. 74.23% of the stock is currently owned by institutional investors and hedge funds.

In other First Financial Bancorp. news, insider C Douglas Lefferson sold 40,000 shares of First Financial Bancorp. stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $25.69, for a total transaction of $1,027,600.00. Following the sale, the insider now directly owns 74,170 shares of the company’s stock, valued at approximately $1,905,427.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 801 shares of company stock worth $20,054. Insiders own 1.88% of the company’s stock.

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.

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

Receive News & Ratings for First Financial Bancorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bancorp. and related companies with MarketBeat.com's FREE daily email newsletter.