$90.03 Million in Sales Expected for First Financial Bancorp. (FFBC) This Quarter
Equities analysts expect that First Financial Bancorp. (NASDAQ:FFBC) will post $90.03 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for First Financial Bancorp.’s earnings. The highest sales estimate is $90.80 million and the lowest is $88.80 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 firm is expected to issue its next earnings report on Thursday, January 18th.
According to Zacks, analysts expect that First Financial Bancorp. will report full year sales of $90.03 million for the current year, with estimates ranging from $352.80 million to $360.40 million. For the next fiscal year, analysts expect that the company will post sales of $545.13 million per share, with estimates ranging from $528.60 million to $563.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for First Financial Bancorp..
First Financial Bancorp. (NASDAQ:FFBC) last posted its earnings results 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. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. The business had revenue of $83.95 million for the quarter, compared to analyst estimates of $88.30 million. During the same period last year, the business posted $0.37 EPS.
First Financial Bancorp. (FFBC) opened at $28.10 on Friday. First Financial Bancorp. has a 12 month low of $22.80 and a 12 month high of $29.80. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1,737.68, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.80 and a beta of 1.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, November 30th. First Financial Bancorp.’s payout ratio is 43.04%.
Several large investors have recently added to or reduced their stakes in FFBC. Truepoint Inc. bought a new position in shares of First Financial Bancorp. during the 3rd quarter worth about $309,000. Macquarie Group Ltd. lifted its holdings in shares of First Financial Bancorp. by 8.9% during the 3rd quarter. Macquarie Group Ltd. now owns 2,770,582 shares of the bank’s stock worth $72,451,000 after acquiring an additional 226,144 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of First Financial Bancorp. by 12.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,499,861 shares of the bank’s stock worth $39,221,000 after acquiring an additional 166,640 shares during the period. Dean Capital Management bought a new position in shares of First Financial Bancorp. during the 2nd quarter worth about $4,020,000. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of First Financial Bancorp. by 28.9% during the 3rd quarter. Chartwell Investment Partners LLC now owns 603,250 shares of the bank’s stock worth $15,774,000 after acquiring an additional 135,325 shares during the period. 77.89% 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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