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First Financial Bancorp. (NASDAQ:FFBC - Get Free Report) CFO James Anderson sold 4,263 shares of First Financial Bancorp. stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $30.00, for a total transaction of $127,890.00. Following the completion of the transaction, the chief financial officer directly owned 118,537 shares in the company, valued at approximately $3,556,110. The trade was a 3.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
First Financial Bancorp. Stock Performance
Shares of FFBC opened at $30.28 on Friday. The firm's 50 day moving average price is $28.43 and its two-hundred day moving average price is $26.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $3.18 billion, a P/E ratio of 10.70 and a beta of 0.94. First Financial Bancorp. has a twelve month low of $22.85 and a twelve month high of $31.38.
First Financial Bancorp. (NASDAQ:FFBC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The bank reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $251.30 million for the quarter, compared to analyst estimates of $249.00 million. First Financial Bancorp. had a net margin of 20.92% and a return on equity of 11.09%. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, analysts forecast that First Financial Bancorp. will post 3.26 EPS for the current fiscal year.
First Financial Bancorp. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. First Financial Bancorp.'s payout ratio is currently 35.34%.
Institutional Trading of First Financial Bancorp.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FFBC. First Horizon Corp bought a new stake in First Financial Bancorp. during the third quarter worth $25,000. Bogart Wealth LLC acquired a new position in shares of First Financial Bancorp. in the third quarter valued at $25,000. Rockefeller Capital Management L.P. increased its holdings in shares of First Financial Bancorp. by 137.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 991 shares of the bank's stock valued at $25,000 after purchasing an additional 574 shares during the last quarter. MAI Capital Management increased its holdings in shares of First Financial Bancorp. by 530.6% in the third quarter. MAI Capital Management now owns 1,545 shares of the bank's stock valued at $39,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of First Financial Bancorp. by 38.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,743 shares of the bank's stock valued at $44,000 after purchasing an additional 486 shares during the last quarter. 77.23% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
FFBC has been the topic of a number of research reports. Truist Financial boosted their price objective on shares of First Financial Bancorp. from $30.00 to $33.00 and gave the stock a "hold" rating in a research report on Monday. Weiss Ratings raised shares of First Financial Bancorp. from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, January 26th. Raymond James Financial reissued an "outperform" rating and issued a $34.00 price objective on shares of First Financial Bancorp. in a research report on Monday. Hovde Group boosted their price objective on shares of First Financial Bancorp. from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of First Financial Bancorp. from $30.00 to $32.00 and gave the stock a "sector perform" rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $33.00.
Read Our Latest Report on First Financial Bancorp.
First Financial Bancorp. Company Profile
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Get Free Report)
First Financial Bancorp (NASDAQ: FFBC) is a bank holding company headquartered in Cincinnati, Ohio, and the parent of First Financial Bank. The company provides a comprehensive suite of commercial and consumer banking services through a network of more than 100 full-service banking centers and mortgage offices across Ohio, Indiana and Kentucky. Its core mission centers on delivering personalized relationship banking to businesses, individuals and public sector clients.
First Financial Bank's product portfolio includes deposit solutions such as checking, savings and money market accounts, alongside a range of lending offerings that cover commercial and industrial loans, real estate and construction financing, home mortgages and home equity lines of credit.
Further Reading
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