SG Americas Securities LLC boosted its position in shares of First Financial Bancorp. (NASDAQ:FFBC) by 16.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,492 shares of the bank’s stock after buying an additional 922 shares during the period. SG Americas Securities LLC’s holdings in First Financial Bancorp. were worth $178,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of FFBC. Norges Bank bought a new stake in shares of First Financial Bancorp. during the fourth quarter worth approximately $17,149,000. State Street Corp boosted its stake in shares of First Financial Bancorp. by 19.4% in the fourth quarter. State Street Corp now owns 1,691,898 shares of the bank’s stock worth $48,138,000 after buying an additional 274,415 shares during the last quarter. Bank of New York Mellon Corp raised its position in First Financial Bancorp. by 27.8% in the first quarter. Bank of New York Mellon Corp now owns 1,219,079 shares of the bank’s stock worth $33,463,000 after buying an additional 265,477 shares during the period. American Century Companies Inc. raised its position in First Financial Bancorp. by 747.7% in the first quarter. American Century Companies Inc. now owns 195,286 shares of the bank’s stock worth $5,361,000 after buying an additional 172,249 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in First Financial Bancorp. during the fourth quarter worth $1,193,000. Institutional investors own 74.49% of the company’s stock.
Shares of First Financial Bancorp. (FFBC) opened at 27.75 on Tuesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 18.50 and a beta of 1.20. The stock has a 50 day moving average price of $26.46 and a 200 day moving average price of $27.44. First Financial Bancorp. has a one year low of $18.65 and a one year high of $29.80.
First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings data on Thursday, April 20th. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. First Financial Bancorp. had a return on equity of 10.79% and a net margin of 24.42%. The firm had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $86.84 million. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities analysts forecast that First Financial Bancorp. will post $1.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 2nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Wednesday, May 31st. First Financial Bancorp.’s dividend payout ratio is presently 45.33%.
A number of research firms have recently weighed in on FFBC. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of First Financial Bancorp. in a research note on Friday, July 7th. Zacks Investment Research lowered First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub raised First Financial Bancorp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.00 price objective on shares of First Financial Bancorp. in a research note on Monday, April 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.50.
In other First Financial Bancorp. news, insider Paul C. Silva sold 1,713 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $27.66, for a total value of $47,381.58. Following the sale, the insider now owns 2,051 shares of the company’s stock, valued at $56,730.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.88% of the company’s stock.
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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