BidaskClub upgraded shares of First Financial Bancorp (NASDAQ:FFBC) from a sell rating to a hold rating in a report published on Wednesday.

FFBC has been the subject of a number of other research reports. Hilliard Lyons raised First Financial Bancorp from a neutral rating to a buy rating and set a $33.00 price target for the company in a research report on Monday, January 22nd. Royal Bank of Canada reissued a hold rating and set a $28.00 price target on shares of First Financial Bancorp in a research report on Friday, October 20th. Barclays boosted their price target on First Financial Bancorp from $27.00 to $30.00 and gave the company an underweight rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research raised First Financial Bancorp from a hold rating to a strong-buy rating and set a $32.00 price target for the company in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $29.90.

Shares of First Financial Bancorp (FFBC) opened at $27.80 on Wednesday. First Financial Bancorp has a 1 year low of $22.80 and a 1 year high of $29.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $1,681.83, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.19.

First Financial Bancorp (NASDAQ:FFBC) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. First Financial Bancorp had a return on equity of 11.51% and a net margin of 26.11%. The firm had revenue of $94.00 million during the quarter, compared to the consensus estimate of $90.05 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. equities research analysts forecast that First Financial Bancorp will post 2.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.19 dividend. This is an increase from First Financial Bancorp’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.76 annualized dividend and a dividend yield of 2.73%. First Financial Bancorp’s dividend payout ratio is presently 42.50%.

Several hedge funds and other institutional investors have recently modified their holdings of FFBC. SG Americas Securities LLC purchased a new stake in shares of First Financial Bancorp in the third quarter worth about $125,000. Trustcore Financial Services LLC purchased a new stake in shares of First Financial Bancorp in the fourth quarter worth about $146,000. Ameritas Investment Partners Inc. boosted its position in shares of First Financial Bancorp by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,410 shares of the bank’s stock worth $150,000 after buying an additional 349 shares during the period. FDx Advisors Inc. purchased a new stake in shares of First Financial Bancorp in the third quarter worth about $205,000. Finally, Amalgamated Bank boosted its position in shares of First Financial Bancorp by 1.2% in the second quarter. Amalgamated Bank now owns 8,406 shares of the bank’s stock worth $233,000 after buying an additional 102 shares during the period. 77.53% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “First Financial Bancorp (FFBC) Rating Increased to Hold at BidaskClub” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://theolympiareport.com/2018/02/10/first-financial-bancorp-ffbc-rating-increased-to-hold-at-bidaskclub.html.

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.

Analyst Recommendations for First Financial Bancorp (NASDAQ:FFBC)

Receive News & Ratings for First Financial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.