Dean Investment Associates LLC reduced its stake in shares of First Financial Bancorp. (NASDAQ:FFBC) by 21.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 176,817 shares of the bank’s stock after selling 49,188 shares during the quarter. Dean Investment Associates LLC owned 0.28% of First Financial Bancorp. worth $4,624,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in shares of First Financial Bancorp. by 0.6% during the 2nd quarter. IFP Advisors Inc now owns 6,542 shares of the bank’s stock valued at $181,000 after buying an additional 36 shares during the period. Alps Advisors Inc. raised its holdings in shares of First Financial Bancorp. by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 17,163 shares of the bank’s stock valued at $475,000 after buying an additional 45 shares during the period. 1st Global Advisors Inc. raised its holdings in shares of First Financial Bancorp. by 0.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,846 shares of the bank’s stock valued at $273,000 after buying an additional 53 shares during the period. Sei Investments Co. raised its holdings in shares of First Financial Bancorp. by 0.3% during the 2nd quarter. Sei Investments Co. now owns 27,851 shares of the bank’s stock valued at $771,000 after buying an additional 90 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of First Financial Bancorp. by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 32,371 shares of the bank’s stock valued at $897,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 77.89% of the company’s stock.

A number of brokerages have weighed in on FFBC. Zacks Investment Research upgraded First Financial Bancorp. from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 24th. Barclays raised their price objective 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. Royal Bank of Canada restated a “hold” rating and set a $28.00 price objective on shares of First Financial Bancorp. in a research note on Friday, October 20th. Piper Jaffray Companies set a $28.00 price objective on First Financial Bancorp. and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, ValuEngine lowered First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. First Financial Bancorp. has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of First Financial Bancorp. (NASDAQ:FFBC) opened at $27.75 on Wednesday. First Financial Bancorp. has a 12 month low of $22.80 and a 12 month high of $29.40. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1,712.86, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.77 and a beta of 1.16.

First Financial Bancorp. (NASDAQ:FFBC) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. First Financial Bancorp. had a return on equity of 10.98% and a net margin of 26.57%. The firm had revenue of $83.95 million during the quarter, compared to analyst estimates of $88.30 million. During the same quarter last year, the firm earned $0.37 EPS. equities research analysts forecast that First Financial Bancorp. will post 1.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 2.45%. First Financial Bancorp.’s payout ratio is 43.04%.

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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.

Institutional Ownership by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

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