First Financial Bancorp (NASDAQ:FFBC) announced a quarterly dividend on Tuesday, October 25th. Stockholders of record on Friday, December 2nd will be given a dividend of 0.16 per share on Tuesday, January 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, November 30th.

Shares of First Financial Bancorp (NASDAQ:FFBC) opened at 26.70 on Friday. First Financial Bancorp has a 1-year low of $13.76 and a 1-year high of $26.75. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 19.49 and a beta of 1.07. The stock’s 50 day moving average price is $22.52 and its 200-day moving average price is $21.07.

First Financial Bancorp (NASDAQ:FFBC) last issued its earnings results on Thursday, October 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. First Financial Bancorp had a return on equity of 10.17% and a net margin of 23.05%. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, equities research analysts forecast that First Financial Bancorp will post $1.42 earnings per share for the current year.

Dividend History for First Financial Bancorp (NASDAQ:FFBC)

Several analysts recently issued reports on the company. Zacks Investment Research raised First Financial Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, October 12th. Barclays PLC lifted their target price on First Financial Bancorp from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, October 11th. Raymond James Financial Inc. downgraded First Financial Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 6th. Finally, Piper Jaffray Cos. assumed coverage on First Financial Bancorp in a research note on Thursday, October 6th. They set a “neutral” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.81.

In other news, Director Jeffrey D. Meyer sold 5,000 shares of First Financial Bancorp stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $24.79, for a total value of $123,950.00. Following the completion of the transaction, the director now owns 31,205 shares in the company, valued at approximately $773,571.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William J. Kramer sold 2,700 shares of First Financial Bancorp stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $21.60, for a total value of $58,320.00. Following the completion of the transaction, the director now owns 4,314 shares of the company’s stock, valued at approximately $93,182.40. The disclosure for this sale can be found here. 2.19% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in FFBC. Panagora Asset Management Inc. boosted its position in shares of First Financial Bancorp by 17.5% in the third quarter. Panagora Asset Management Inc. now owns 13,796 shares of the company’s stock worth $301,000 after buying an additional 2,058 shares during the period. KCG Holdings Inc. bought a new position in shares of First Financial Bancorp during the third quarter worth approximately $302,000. Morgan Stanley boosted its position in shares of First Financial Bancorp by 67.5% in the third quarter. Morgan Stanley now owns 29,610 shares of the company’s stock worth $647,000 after buying an additional 11,931 shares during the period. California State Teachers Retirement System boosted its position in shares of First Financial Bancorp by 0.9% in the third quarter. California State Teachers Retirement System now owns 129,765 shares of the company’s stock worth $2,834,000 after buying an additional 1,100 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of First Financial Bancorp by 7.4% in the third quarter. New York State Common Retirement Fund now owns 66,900 shares of the company’s stock worth $1,461,000 after buying an additional 4,600 shares during the period. Hedge funds and other institutional investors own 72.75% of the company’s stock.

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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.

5 Day Chart for NASDAQ:FFBC

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