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First Financial Bancorp. (NASDAQ:FFBC - Get Free Report) insider Scott T. Crawley sold 3,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.31, for a total transaction of $87,930.00. Following the transaction, the insider now owns 19,279 shares in the company, valued at approximately $565,067.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
First Financial Bancorp. Stock Up 13.8 %
FFBC opened at $29.40 on Thursday. First Financial Bancorp. has a twelve month low of $19.00 and a twelve month high of $29.77. The company's 50-day moving average price is $25.40 and its two-hundred day moving average price is $24.16. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 12.67 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45.
First Financial Bancorp. (NASDAQ:FFBC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $302.82 million for the quarter, compared to the consensus estimate of $214.00 million. First Financial Bancorp. had a return on equity of 10.32% and a net margin of 18.55%. During the same quarter in the prior year, the business earned $0.67 earnings per share. As a group, equities analysts expect that First Financial Bancorp. will post 2.58 earnings per share for the current year.
First Financial Bancorp. Dividend Announcement
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Monday, December 2nd. First Financial Bancorp.'s dividend payout ratio is currently 41.38%.
Hedge Funds Weigh In On First Financial Bancorp.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFBC. Financial Management Professionals Inc. bought a new stake in shares of First Financial Bancorp. in the third quarter valued at approximately $28,000. EntryPoint Capital LLC raised its holdings in First Financial Bancorp. by 63.9% during the 1st quarter. EntryPoint Capital LLC now owns 1,732 shares of the bank's stock valued at $39,000 after acquiring an additional 675 shares during the period. Bogart Wealth LLC lifted its position in shares of First Financial Bancorp. by 2,976.9% during the third quarter. Bogart Wealth LLC now owns 2,000 shares of the bank's stock worth $50,000 after acquiring an additional 1,935 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of First Financial Bancorp. by 23.1% in the second quarter. Blue Trust Inc. now owns 3,340 shares of the bank's stock worth $75,000 after acquiring an additional 627 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of First Financial Bancorp. in the second quarter valued at $77,000. Institutional investors own 77.23% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on FFBC. Royal Bank of Canada boosted their target price on First Financial Bancorp. from $25.00 to $29.00 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped their price objective on First Financial Bancorp. from $25.00 to $27.00 and gave the company a "market perform" rating in a research note on Monday, July 29th.
Get Our Latest Research Report on First Financial Bancorp.
First Financial Bancorp. Company Profile
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Get Free Report)
First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.
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