Thrivent Financial For Lutherans Has $4.24 Million Position in First Financial Bancorp. (FFBC)

Thrivent Financial For Lutherans boosted its position in shares of First Financial Bancorp. (NASDAQ:FFBC) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,280 shares of the bank’s stock after buying an additional 1,900 shares during the period. Thrivent Financial For Lutherans owned approximately 0.25% of First Financial Bancorp. worth $4,235,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in First Financial Bancorp. by 0.5% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the bank’s stock worth $179,000 after buying an additional 31 shares during the last quarter. Lincoln National Corp boosted its position in shares of First Financial Bancorp. by 0.6% in the first quarter. Lincoln National Corp now owns 10,489 shares of the bank’s stock valued at $288,000 after buying an additional 58 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of First Financial Bancorp. by 0.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 15,039 shares of the bank’s stock valued at $412,000 after buying an additional 107 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of First Financial Bancorp. by 2.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,439 shares of the bank’s stock valued at $122,000 after buying an additional 122 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of First Financial Bancorp. by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 6,840 shares of the bank’s stock valued at $187,000 after buying an additional 130 shares during the last quarter. 74.48% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

First Financial Bancorp. (NASDAQ FFBC) traded up 0.95% during midday trading on Friday, reaching $26.60. 33,858 shares of the company traded hands. First Financial Bancorp. has a 12 month low of $18.00 and a 12 month high of $29.80. The firm’s 50 day moving average price is $26.62 and its 200 day moving average price is $27.50. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 17.73 and a beta of 1.21.

First Financial Bancorp. (NASDAQ:FFBC) last issued its earnings results on Thursday, April 20th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. First Financial Bancorp. had a net margin of 24.42% and a return on equity of 10.79%. The business had revenue of $86.30 million for the quarter, compared to analyst estimates of $86.84 million. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts expect that First Financial Bancorp. will post $1.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. First Financial Bancorp.’s dividend payout ratio (DPR) is currently 45.33%.

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FFBC has been the topic of several research analyst reports. Zacks Investment Research cut shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research report on Monday, March 13th. DA Davidson initiated coverage on shares of First Financial Bancorp. in a research report on Thursday, March 23rd. They set a “buy” rating and a $30.00 price target on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 price target on shares of First Financial Bancorp. in a research report on Monday, April 10th. ValuEngine raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. Finally, BidaskClub raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.33.

In other news, insider Paul C. Silva sold 1,713 shares of First Financial Bancorp. stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $27.66, for a total transaction of $47,381.58. Following the sale, the insider now directly owns 2,051 shares in the company, valued at approximately $56,730.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.88% of the stock is currently owned by insiders.

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.

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