FDx Advisors Inc. purchased a new stake in shares of First Financial Bancorp. (NASDAQ:FFBC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,842 shares of the bank’s stock, valued at approximately $205,000.

Several other hedge funds have also recently added to or reduced their stakes in FFBC. Ameritas Investment Partners Inc. lifted its position in shares of First Financial Bancorp. by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 5,410 shares of the bank’s stock valued at $150,000 after buying an additional 349 shares during the last quarter. IFP Advisors Inc raised its position in shares of First Financial Bancorp. by 0.6% in the 2nd quarter. IFP Advisors Inc now owns 6,542 shares of the bank’s stock valued at $181,000 after purchasing an additional 36 shares during the last quarter. Amalgamated Bank raised its position in shares of First Financial Bancorp. by 1.2% in the 2nd quarter. Amalgamated Bank now owns 8,406 shares of the bank’s stock valued at $233,000 after purchasing an additional 102 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of First Financial Bancorp. in the 3rd quarter valued at approximately $250,000. Finally, Stevens Capital Management LP purchased a new position in shares of First Financial Bancorp. in the 3rd quarter valued at approximately $269,000. 76.89% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on FFBC shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price objective on shares of First Financial Bancorp. in a research report on Friday, September 8th. Zacks Investment Research raised shares of 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 report on Tuesday, October 24th. Piper Jaffray Companies set a $28.00 price objective on shares of First Financial Bancorp. and gave the company a “hold” rating in a research report on Friday, October 6th. BidaskClub lowered shares of First Financial Bancorp. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Barclays PLC decreased their price objective on shares of First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating for the company in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.00.

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First Financial Bancorp. (FFBC) opened at $27.40 on Friday. The company has a market cap of $1,700.44, a P/E ratio of 17.34, a P/E/G ratio of 1.76 and a beta of 1.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.93 and a quick ratio of 0.93. First Financial Bancorp. has a 1 year low of $22.80 and a 1 year high of $29.80.

First Financial Bancorp. (NASDAQ:FFBC) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. The company had revenue of $83.95 million during the quarter, compared to analyst estimates of $88.30 million. During the same period last year, the firm posted $0.37 EPS. research analysts anticipate that First Financial Bancorp. will post 1.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Bancorp.’s dividend payout ratio is presently 43.04%.

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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