First Financial Bancorp. (FFBC) Holdings Lifted by Eagle Boston Investment Management Inc.
Eagle Boston Investment Management Inc. raised its holdings in First Financial Bancorp. (NASDAQ:FFBC) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,923 shares of the bank’s stock after acquiring an additional 5,384 shares during the period. Eagle Boston Investment Management Inc. owned about 0.49% of First Financial Bancorp. worth $8,080,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in FFBC. SG Americas Securities LLC bought a new position in First Financial Bancorp. in the third quarter valued at about $125,000. Ameritas Investment Partners Inc. grew its position in First Financial Bancorp. by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 5,410 shares of the bank’s stock valued at $150,000 after acquiring an additional 349 shares during the last quarter. IFP Advisors Inc grew its position in First Financial Bancorp. by 0.6% in the second quarter. IFP Advisors Inc now owns 6,542 shares of the bank’s stock valued at $181,000 after acquiring an additional 36 shares during the last quarter. FDx Advisors Inc. bought a new position in First Financial Bancorp. in the third quarter valued at about $205,000. Finally, Amalgamated Bank grew its position in First Financial Bancorp. by 1.2% in the second quarter. Amalgamated Bank now owns 8,406 shares of the bank’s stock valued at $233,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.
A number of research firms have issued reports on FFBC. Zacks Investment Research cut First Financial Bancorp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 target price on shares of First Financial Bancorp. in a research report on Friday, September 8th. Piper Jaffray Companies set a $28.00 target price on First Financial Bancorp. and gave the company a “hold” rating in a research report on Friday, October 6th. Barclays PLC boosted their price target on First Financial Bancorp. from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Monday, October 23rd. Finally, ValuEngine cut First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.00.
Shares of First Financial Bancorp. (NASDAQ:FFBC) opened at $27.05 on Monday. The firm has a market capitalization of $1,678.72, a PE ratio of 17.12, a PEG ratio of 1.74 and a beta of 1.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.93 and a current ratio of 0.93. First Financial Bancorp. has a twelve month low of $22.80 and a twelve month high of $29.80.
First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The company had revenue of $83.95 million for the quarter, compared to analysts’ expectations of $88.30 million. First Financial Bancorp. had a return on equity of 11.22% and a net margin of 26.49%. During the same period in the previous year, the business posted $0.37 earnings per share. research analysts anticipate that First Financial Bancorp. will post 1.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, November 30th. First Financial Bancorp.’s dividend payout ratio (DPR) is currently 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.
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