First Financial Bancorp (NASDAQ:FFBC) released its earnings results on Thursday. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06, Bloomberg Earnings reports. First Financial Bancorp had a return on equity of 11.22% and a net margin of 26.49%. During the same period in the prior year, the business posted $0.38 EPS.

First Financial Bancorp (NASDAQ FFBC) traded down $0.40 during trading hours on Thursday, reaching $27.75. 252,136 shares of the company’s stock traded hands, compared to its average volume of 436,200. First Financial Bancorp has a one year low of $22.80 and a one year high of $29.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1,734.58, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, November 30th. First Financial Bancorp’s payout ratio is 43.04%.

Several research firms recently issued reports on FFBC. BidaskClub downgraded First Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Zacks Investment Research raised First Financial Bancorp from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, October 24th. Barclays upped their price target on shares of First Financial Bancorp from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Monday, October 23rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $28.00 price target on shares of First Financial Bancorp in a report on Friday, October 20th. Finally, Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp and gave the company a “hold” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.38.

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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.

Earnings History for First Financial Bancorp (NASDAQ:FFBC)

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