First Financial Bancorp. (FFBC) to Release Earnings on Thursday
First Financial Bancorp. (NASDAQ:FFBC) is set to post its quarterly earnings results after the market closes on Thursday, January 18th. Analysts expect First Financial Bancorp. to post earnings of $0.39 per share for the quarter.
First Financial Bancorp. (NASDAQ:FFBC) last released its earnings results on Thursday, October 19th. The bank reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. First Financial Bancorp. had a return on equity of 11.22% and a net margin of 26.49%. The business had revenue of $83.95 million for the quarter, compared to the consensus estimate of $88.30 million. During the same period in the previous year, the company posted $0.37 earnings per share. On average, analysts expect First Financial Bancorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of First Financial Bancorp. (FFBC) opened at $27.55 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.02. First Financial Bancorp. has a 1-year low of $22.80 and a 1-year high of $29.40. The company has a market capitalization of $1,672.52, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.17.
Several equities research analysts have commented on the company. Barclays boosted their target price on First Financial Bancorp. from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Zacks Investment Research downgraded First Financial Bancorp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub downgraded First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Piper Jaffray Companies set a $28.00 target price on First Financial Bancorp. and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $28.00 target price on shares of First Financial Bancorp. in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $29.38.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/11/first-financial-bancorp-ffbc-to-release-earnings-on-thursday.html.
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.
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.