First Financial Bancorp. (NASDAQ:FFBC – Get Rating) traded up 2.6% throughout buying and selling on Friday following a stronger than anticipated earnings report. The firm traded as excessive as $21.62 and final traded at $21.52. 10,459 shares have been traded throughout buying and selling, a decline of 97% from the common session quantity of 312,538 shares. The inventory had beforehand closed at $20.98.
The financial institution reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. First Financial Bancorp. had a return on fairness of 9.63% and a web margin of 30.78%. During the identical interval within the earlier 12 months, the corporate earned $0.58 EPS.
First Financial Bancorp. Announces Dividend
The firm additionally just lately disclosed a quarterly dividend, which was paid on Wednesday, June fifteenth. Investors of file on Wednesday, June 1st have been paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May thirty first. This represents a $0.92 annualized dividend and a yield of 4.27%. First Financial Bancorp.’s dividend payout ratio (DPR) is at present 44.02%.
Wall Street Analyst Weigh In
Separately, StockInformation.com began protection on First Financial Bancorp. in a analysis report on Thursday, March thirty first. They set a “maintain” score on the inventory.
Insider Buying and Selling at First Financial Bancorp.
In different First Financial Bancorp. information, Director Vince Berta acquired 2,000 shares of the agency’s inventory in a transaction dated Tuesday, April twenty sixth. The inventory was bought at a mean worth of $20.99 per share, for a complete transaction of $41,980.00. Following the acquisition, the director now owns 27,494 shares within the firm, valued at roughly $577,099.06. The buy was disclosed in a doc filed with the SEC, which will be accessed by means of this hyperlink. In different First Financial Bancorp. information, CEO Archie M. Brown, Jr. acquired 5,000 shares of the agency’s inventory in a transaction dated Friday, April twenty ninth. The inventory was bought at a mean worth of $20.55 per share, for a complete transaction of $102,750.00. Following the acquisition, the chief govt officer now owns 195,452 shares within the firm, valued at roughly $4,016,538.60. The buy was disclosed in a doc filed with the SEC, which will be accessed by means of this hyperlink. Also, Director Vince Berta purchased 2,000 shares of First Financial Bancorp. inventory in a transaction that occurred on Tuesday, April twenty sixth. The inventory was bought at a mean worth of $20.99 per share, with a complete worth of $41,980.00. Following the acquisition, the director now immediately owns 27,494 shares within the firm, valued at $577,099.06. The disclosure for this buy will be discovered right here. Insiders personal 2.11% of the corporate’s inventory.
Hedge Funds Weigh In On First Financial Bancorp.
A lot of hedge funds and different institutional traders have just lately added to or diminished their stakes in FFBC. Allspring Global Investments Holdings LLC bought a brand new place in First Financial Bancorp. within the 4th quarter price $1,095,000. WBI Investments Inc. raised its stake in First Financial Bancorp. by 45.7% within the 4th quarter. WBI Investments Inc. now owns 18,717 shares of the financial institution’s inventory price $456,000 after buying an extra 5,875 shares over the past quarter. Yousif Capital Management LLC bought a brand new place in shares of First Financial Bancorp. through the 4th quarter valued at about $2,109,000. Qube Research & Technologies Ltd raised its stake in shares of First Financial Bancorp. by 156.9% through the 4th quarter. Qube Research & Technologies Ltd now owns 33,010 shares of the financial institution’s inventory valued at $805,000 after shopping for an extra 20,161 shares over the past quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of First Financial Bancorp. by 70.3% within the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,760 shares of the financial institution’s inventory valued at $360,000 after shopping for an extra 6,092 shares through the interval. Hedge funds and different institutional traders personal 74.13% of the corporate’s inventory.
First Financial Bancorp. Stock Up 2.8 %
The inventory has a market cap of $2.04 billion, a PE ratio of 10.25 and a beta of 1.03. The enterprise has a 50 day transferring common worth of $20.12 and a 200 day transferring common worth of $22.54. The firm has a fast ratio of 0.79, a present ratio of 0.79 and a debt-to-equity ratio of 0.26.
First Financial Bancorp. Company Profile
First Financial Bancorp. operates because the financial institution holding firm for First Financial Bank that gives industrial banking and associated providers to people and companies in Ohio, Indiana, Kentucky, and Illinois. The firm accepts varied deposit merchandise, reminiscent of interest-bearing and noninterest-bearing accounts, time deposits, and money administration providers for industrial clients.
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