First Financial Bancorp (FFBC) Rating Increased to Buy at Hilliard Lyons

First Financial Bancorp (NASDAQ:FFBC) was upgraded by analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

Several other equities research analysts also recently weighed in on FFBC. Zacks Investment Research downgraded First Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Barclays upped their target price on First Financial Bancorp from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Monday, October 23rd. Piper Jaffray Companies set a $28.00 price target on First Financial Bancorp and gave the stock a “hold” rating in a research note on Friday, October 6th. BidaskClub cut First Financial Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 price target on shares of First Financial Bancorp in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.38.

Shares of First Financial Bancorp (FFBC) opened at $29.20 on Monday. First Financial Bancorp has a 1 year low of $22.80 and a 1 year high of $29.40. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1,810.00, a PE ratio of 19.08, a PEG ratio of 1.49 and a beta of 1.16.

First Financial Bancorp (NASDAQ:FFBC) last issued its earnings results on Thursday, January 18th. The bank reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. First Financial Bancorp had a return on equity of 11.51% and a net margin of 26.11%. The company had revenue of $94.00 million during the quarter, compared to the consensus estimate of $90.05 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. research analysts expect that First Financial Bancorp will post 1.96 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in FFBC. Capital One National Association acquired a new stake in First Financial Bancorp during the fourth quarter valued at approximately $580,000. Nationwide Fund Advisors raised its stake in First Financial Bancorp by 4.6% during the fourth quarter. Nationwide Fund Advisors now owns 156,762 shares of the bank’s stock valued at $2,833,000 after buying an additional 6,863 shares in the last quarter. California State Teachers Retirement System raised its stake in First Financial Bancorp by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 114,331 shares of the bank’s stock valued at $2,066,000 after buying an additional 1,870 shares in the last quarter. American Century Companies Inc. raised its stake in First Financial Bancorp by 11.0% during the fourth quarter. American Century Companies Inc. now owns 126,718 shares of the bank’s stock valued at $2,290,000 after buying an additional 12,551 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in First Financial Bancorp by 2.7% during the fourth quarter. Eagle Asset Management Inc. now owns 461,155 shares of the bank’s stock valued at $8,333,000 after buying an additional 12,185 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

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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.

The Fly

Analyst Recommendations for First Financial Bancorp (NASDAQ:FFBC)

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