News coverage about First Financial Bancorp. (NASDAQ:FFBC) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Financial Bancorp. earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.8512649300718 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Shareholders OK First Financial, MainSource Merger (insideindianabusiness.com)
- First Financial Bancorp (FFBC) and MainSource (MSFT) Shareholders Ok Merger (streetinsider.com)
- First Financial Bancorp (Ohio) : FFBC-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 4, 2017 (finance.yahoo.com)
- First Financial and MainSource Announce Shareholder Approval of Merger (finance.yahoo.com)
- FIRST FINANCIAL BANCORP. (NASDAQ:FFBC) Files An 8-K Regulation FD Disclosure (4-traders.com)
Several brokerages recently issued reports on FFBC. Zacks Investment Research upgraded shares of First Financial Bancorp. from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 24th. Barclays boosted their price target on shares of First Financial Bancorp. from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Monday, October 23rd. Royal Bank Of Canada reiterated a “hold” rating and set a $28.00 price target on shares of First Financial Bancorp. in a research report on Friday, October 20th. Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp. and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, ValuEngine cut shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. First Financial Bancorp. presently has a consensus rating of “Hold” and an average price target of $29.00.
First Financial Bancorp. (NASDAQ:FFBC) opened at $27.95 on Wednesday. First Financial Bancorp. has a 52-week low of $22.80 and a 52-week high of $29.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $1,756.30, a PE ratio of 17.91, a P/E/G ratio of 1.82 and a beta of 1.16.
First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. The company had revenue of $83.95 million for the quarter, compared to analysts’ expectations of $88.30 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. research analysts forecast that First Financial Bancorp. will post 1.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Bancorp.’s payout ratio is currently 43.04%.
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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.
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