Northern Trust Corp grew its position in shares of First Financial Bancorp. (NASDAQ:FFBC) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,762,921 shares of the bank’s stock after acquiring an additional 24,198 shares during the quarter. Northern Trust Corp owned about 2.84% of First Financial Bancorp. worth $48,833,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of First Financial Bancorp. by 46,873.9% during the first quarter. BlackRock Inc. now owns 7,672,717 shares of the bank’s stock valued at $210,616,000 after acquiring an additional 7,656,383 shares during the period. Vanguard Group Inc. boosted its holdings in shares of First Financial Bancorp. by 6.1% during the first quarter. Vanguard Group Inc. now owns 5,671,527 shares of the bank’s stock valued at $155,684,000 after acquiring an additional 324,078 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of First Financial Bancorp. by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,068,454 shares of the bank’s stock valued at $84,230,000 after acquiring an additional 42,092 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of First Financial Bancorp. by 4.2% during the second quarter. JPMorgan Chase & Co. now owns 2,615,610 shares of the bank’s stock valued at $72,453,000 after acquiring an additional 106,493 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of First Financial Bancorp. by 1.3% during the first quarter. Macquarie Group Ltd. now owns 2,466,492 shares of the bank’s stock valued at $67,705,000 after acquiring an additional 30,856 shares during the period. 74.23% of the stock is owned by institutional investors.

Shares of First Financial Bancorp. (NASDAQ:FFBC) opened at 26.30 on Monday. First Financial Bancorp. has a 12-month low of $20.55 and a 12-month high of $29.80. The firm has a market cap of $1.63 billion, a P/E ratio of 17.42 and a beta of 1.20. The company has a 50-day moving average of $24.71 and a 200 day moving average of $26.26.

First Financial Bancorp. (NASDAQ:FFBC) last announced its earnings results on Tuesday, July 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $85.97 million during the quarter, compared to analyst estimates of $89.52 million. During the same period in the prior year, the business posted $0.36 EPS. Equities analysts predict that First Financial Bancorp. will post $1.52 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio is presently 45.03%.

Several equities analysts have recently issued reports on FFBC shares. BidaskClub downgraded shares of First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Barclays PLC reduced their price target on shares of First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Sandler O’Neill raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and boosted their price target for the company from $28.00 to $29.00 in a report on Friday, July 28th. Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp. and gave the company a “hold” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price target on shares of First Financial Bancorp. in a report on Friday, July 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.29.

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In related news, insider C Douglas Lefferson sold 40,000 shares of First Financial Bancorp. stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $25.69, for a total value of $1,027,600.00. Following the sale, 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 link. 1.88% of the stock is currently owned by company 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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Institutional Ownership by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

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