Media stories about First Financial Bancorp. (NASDAQ:FFBC) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Financial Bancorp. earned a news impact score of 0.14 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.6018531327737 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- First Financial Bancorp. to Announce Third … (ih.advfn.com)
- First Financial Bancorp. to Announce Third Quarter 2017 Financial Results on Thursday, October 19, 2017 (finance.yahoo.com)
- Former YMCA may get apartments by 2019 (tribstar.com)
- Piper Jaffray Companies Analysts Give First Financial Bancorp. (FFBC) a $28.00 Price Target (americanbankingnews.com)
Several equities research analysts have issued reports on FFBC shares. BidaskClub lowered First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Barclays PLC dropped their price target on First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating for the company in a research note on Thursday, July 27th. Sandler O’Neill raised First Financial Bancorp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $29.00 in a research note on Friday, July 28th. Piper Jaffray Companies set a $28.00 price target on First Financial Bancorp. and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 price target on shares of First Financial Bancorp. in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. First Financial Bancorp. presently has an average rating of “Hold” and a consensus target price of $28.29.
First Financial Bancorp. (FFBC) traded down 1.13% on Wednesday, hitting $26.25. The stock had a trading volume of 68,991 shares. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 17.38 and a beta of 1.20. First Financial Bancorp. has a 52-week low of $20.55 and a 52-week high of $29.80. The company’s 50 day moving average price is $24.85 and its 200 day moving average price is $26.26.
First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. The company had revenue of $85.97 million for the quarter, compared to the consensus estimate of $89.52 million. During the same period last year, the company earned $0.36 EPS. Analysts expect that First Financial Bancorp. will post $1.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio (DPR) is presently 45.03%.
In related news, insider C Douglas Lefferson sold 40,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.69, for a total value of $1,027,600.00. Following the completion of the transaction, the insider now owns 74,170 shares of the company’s stock, valued at approximately $1,905,427.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.88% of the stock is currently owned by company insiders.
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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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