First Financial Bancorp. (FFBC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

First Financial Bancorp. (NASDAQ:FFBC) posted its earnings results on Thursday. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01, Bloomberg Earnings reports. First Financial Bancorp. had a return on equity of 10.65% and a net margin of 24.28%. During the same quarter in the previous year, the firm earned $0.37 EPS.

First Financial Bancorp. (NASDAQ:FFBC) traded up 0.19% during midday trading on Thursday, hitting $26.35. The stock had a trading volume of 275,704 shares. First Financial Bancorp. has a 52-week low of $20.55 and a 52-week high of $29.80. The stock has a market cap of $1.64 billion, a PE ratio of 17.45 and a beta of 1.20. The company’s 50 day moving average price is $25.20 and its 200-day moving average price is $26.23.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.68 annualized dividend and a yield of 2.58%. First Financial Bancorp.’s payout ratio is 45.03%.

In other news, insider C Douglas Lefferson sold 40,000 shares of First Financial Bancorp. stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $25.69, for a total value of $1,027,600.00. Following the transaction, the insider now directly owns 74,170 shares in the company, valued at approximately $1,905,427.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 801 shares of company stock worth $20,054 over the last quarter. Company insiders own 1.88% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised First Financial Bancorp. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $28.00 target price on First Financial Bancorp. and gave the company a “hold” rating in a research note on Friday, October 6th. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 target price on shares of First Financial Bancorp. in a research note on Friday, September 8th. ValuEngine cut First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub cut First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.29.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/19/first-financial-bancorp-ffbc-posts-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.

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 l

First Financial Bancorp. (NASDAQ:FFBC) traded up 0.19% during midday trading on Thursday, hitting $26.35. The stock had a trading volume of 275,704 shares. First Financial Bancorp. has a 52-week low of $20.55 and a 52-week high of $29.80. The stock has a market cap of $1.64 billion, a PE ratio of 17.45 and a beta of 1.20. The company’s 50 day moving average price is $25.20 and its 200-day moving average price is $26.23.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.68 annualized dividend and a yield of 2.58%. First Financial Bancorp.’s payout ratio is 45.03%.

In other news, insider C Douglas Lefferson sold 40,000 shares of First Financial Bancorp. stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $25.69, for a total value of $1,027,600.00. Following the transaction, the insider now directly owns 74,170 shares in the company, valued at approximately $1,905,427.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 801 shares of company stock worth $20,054 over the last quarter. Company insiders own 1.88% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised First Financial Bancorp. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $28.00 target price on First Financial Bancorp. and gave the company a “hold” rating in a research note on Friday, October 6th. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 target price on shares of First Financial Bancorp. in a research note on Friday, September 8th. ValuEngine cut First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub cut First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.29.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/19/first-financial-bancorp-ffbc-posts-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.

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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