First Financial Bancorp (FFBC) Hits New 1-Year High at $21.99
First Financial Bancorp (NASDAQ:FFBC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.99 and last traded at $21.75, with a volume of 57,967 shares. The stock had previously closed at $21.75.
FFBC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of First Financial Bancorp from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, July 25th. Zacks Investment Research raised shares of First Financial Bancorp from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a report on Monday, July 25th. Jefferies Group reaffirmed a “hold” rating and issued a $21.00 target price on shares of First Financial Bancorp in a report on Thursday, July 7th. Barclays PLC lifted their target price on shares of First Financial Bancorp from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Monday, July 25th. Finally, Hilliard Lyons cut shares of First Financial Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, July 25th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $20.21.
The company has a market capitalization of $1.35 billion and a PE ratio of 16.79. The company has a 50 day moving average price of $21.07 and a 200 day moving average price of $19.24.
First Financial Bancorp (NASDAQ:FFBC) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Equities research analysts anticipate that First Financial Bancorp will post $1.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, August 31st.
In other news, Director Knapke Murph sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $21.20, for a total value of $318,000.00. Following the transaction, the director now directly owns 50,929 shares in the company, valued at $1,079,694.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Holly M. Foster sold 2,021 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $21.84, for a total transaction of $44,138.64. Following the completion of the transaction, the executive vice president now owns 4,979 shares in the company, valued at $108,741.36. The disclosure for this sale can be found here.
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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