First Financial Bancorp. (NASDAQ:FFBC) insider Bradley J. Ringwald sold 1,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $24.34, for a total value of $24,340.00. Following the completion of the sale, the insider now directly owns 11,230 shares in the company, valued at approximately $273,338.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of First Financial Bancorp. (NASDAQ FFBC) traded down 0.83% during trading on Friday, reaching $23.85. The company’s stock had a trading volume of 254,990 shares. First Financial Bancorp. has a 52-week low of $20.55 and a 52-week high of $29.80. The company has a market cap of $1.48 billion, a PE ratio of 15.79 and a beta of 1.18. The firm’s 50-day moving average is $26.55 and its 200 day moving average is $27.05.

First Financial Bancorp. (NASDAQ:FFBC) last issued its earnings results on Tuesday, July 25th. The bank reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $85.97 million during the quarter, compared to analyst estimates of $89.52 million. First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. During the same period in the prior year, the business posted $0.36 EPS. On average, equities research analysts predict that First Financial Bancorp. will post $1.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio is presently 45.03%.

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Several analysts recently commented on FFBC shares. Barclays PLC decreased their price target on First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating on the stock in a research note on Thursday, July 27th. Zacks Investment Research lowered First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Piper Jaffray Companies set a $28.00 price target on First Financial Bancorp. and gave the company a “hold” rating in a research note on Tuesday, July 25th. Sandler O’Neill upgraded First Financial Bancorp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $29.00 in a research report on Friday, July 28th. Finally, BidaskClub downgraded First Financial Bancorp. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. First Financial Bancorp. presently has an average rating of “Hold” and an average price target of $28.63.

Several large investors have recently modified their holdings of FFBC. Miles Capital Inc. increased its stake in shares of First Financial Bancorp. by 0.3% in the first quarter. Miles Capital Inc. now owns 10,135 shares of the bank’s stock worth $278,000 after buying an additional 27 shares in the last quarter. IFP Advisors Inc increased its stake in shares of 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 in the last quarter. Alps Advisors Inc. increased its stake in shares of First Financial Bancorp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 17,163 shares of the bank’s stock worth $475,000 after buying an additional 45 shares in the last quarter. 1st Global Advisors Inc. increased its stake in shares of First Financial Bancorp. by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 9,846 shares of the bank’s stock worth $273,000 after buying an additional 53 shares in the last quarter. Finally, Lincoln National Corp increased its stake 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 worth $288,000 after buying an additional 58 shares in the last quarter. 74.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

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