Analysts expect that First Financial Bancorp. (NASDAQ:FFBC) will announce sales of $90.03 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Financial Bancorp.’s earnings, with the lowest sales estimate coming in at $88.80 million and the highest estimate coming in at $90.80 million. First Financial Bancorp. reported sales of $87.11 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.4%. The business is expected to report its next quarterly earnings report on Thursday, January 18th.

On average, analysts expect that First Financial Bancorp. will report full year sales of $90.03 million for the current financial year, with estimates ranging from $352.80 million to $360.40 million. For the next year, analysts expect that the business will report sales of $545.13 million per share, with estimates ranging from $528.60 million to $563.10 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for First Financial Bancorp..

First Financial Bancorp. (NASDAQ:FFBC) last issued its earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The business had revenue of $83.95 million during 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 company posted $0.37 earnings per share.

Several equities research analysts have weighed in on FFBC shares. Zacks Investment Research upgraded First Financial Bancorp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub cut First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine cut First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Piper Jaffray Companies set a $28.00 price objective on First Financial Bancorp. and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, Barclays PLC increased their price objective on First Financial Bancorp. from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.00.

Shares of First Financial Bancorp. (NASDAQ:FFBC) opened at 27.25 on Tuesday. The company has a market capitalization of $1.69 billion, a P/E ratio of 18.05 and a beta of 1.20. First Financial Bancorp. has a one year low of $20.95 and a one year high of $29.80. The firm has a 50-day moving average price of $26.02 and a 200-day moving average price of $26.27.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, November 30th. First Financial Bancorp.’s dividend payout ratio is currently 43.04%.

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased 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 buying an additional 349 shares in the last quarter. SG Americas Securities LLC increased 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 buying an additional 922 shares in the last quarter. IFP Advisors Inc increased 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 buying an additional 36 shares in the last quarter. Amalgamated Bank increased 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 buying an additional 102 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new position in First Financial Bancorp. during the 2nd quarter valued at approximately $261,000. 74.57% of the stock is owned by institutional investors.

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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.

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

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