Somewhat Positive Press Coverage Somewhat Unlikely to Affect First Financial Bancorp. (FFBC) Share Price
Media coverage about First Financial Bancorp. (NASDAQ:FFBC) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Financial Bancorp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.7001894470159 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- ETFs with exposure to First Financial Bancorp (Ohio) : December 8, 2017 (finance.yahoo.com)
- $90.03 Million in Sales Expected for First Financial Bancorp. (FFBC) This Quarter (americanbankingnews.com)
- $0.41 Earnings Per Share Expected for First Financial Bancorp. (FFBC) This Quarter (americanbankingnews.com)
- Shareholders OK First Financial, MainSource Merger (insideindianabusiness.com)
- First Financial Bancorp (FFBC) and MainSource (MSFT) Shareholders Ok Merger (streetinsider.com)
Shares of First Financial Bancorp. (FFBC) opened at $27.60 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,712.86, a PE ratio of 17.47, a P/E/G ratio of 1.77 and a beta of 1.16. First Financial Bancorp. has a 12-month low of $22.80 and a 12-month high of $29.80.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Bancorp.’s dividend payout ratio is currently 43.04%.
FFBC has been the topic of several recent analyst reports. Zacks Investment Research upgraded First Financial Bancorp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub lowered First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine lowered First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. 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 Friday, October 6th. Finally, Barclays lifted their price target on First Financial Bancorp. from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. First Financial Bancorp. presently has an average rating of “Hold” and a consensus target price of $29.00.
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.
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