First Financial Bancorp. (NASDAQ:FFBC - Get Free Report) issued its quarterly earnings data on Thursday. The bank reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.01, Briefing.com reports. First Financial Bancorp. had a return on equity of 10.69% and a net margin of 19.67%. The firm had revenue of $302.82 million during the quarter, compared to analyst estimates of $214.00 million. During the same period in the previous year, the company posted $0.67 EPS.
First Financial Bancorp. Stock Performance
Shares of First Financial Bancorp. stock traded down $1.05 during trading hours on Friday, hitting $24.38. 715,460 shares of the company's stock traded hands, compared to its average volume of 369,221. The company has a fifty day simple moving average of $25.37 and a 200-day simple moving average of $23.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 9.84 and a beta of 0.99. First Financial Bancorp. has a 12-month low of $17.34 and a 12-month high of $28.25.
First Financial Bancorp. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.94%. First Financial Bancorp.'s dividend payout ratio is currently 38.71%.
Insider Buying and Selling
In other First Financial Bancorp. news, insider Claude E. Davis sold 29,000 shares of First Financial Bancorp. stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $26.60, for a total value of $771,400.00. Following the sale, the insider now owns 53,576 shares of the company's stock, valued at approximately $1,425,121.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.04% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on FFBC shares. Keefe, Bruyette & Woods upped their price target on First Financial Bancorp. from $25.00 to $27.00 and gave the stock a "market perform" rating in a report on Monday, July 29th. Royal Bank of Canada increased their target price on shares of First Financial Bancorp. from $25.00 to $29.00 and gave the company a "sector perform" rating in a report on Monday, July 29th.
Read Our Latest Report on FFBC
About First Financial Bancorp.
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider First Financial Bancorp., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Financial Bancorp. wasn't on the list.
While First Financial Bancorp. currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.