State of Tennessee Treasury Department trimmed its position in shares of First Financial Bancorp. (NASDAQ:FFBC) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,795 shares of the bank’s stock after selling 3,463 shares during the period. State of Tennessee Treasury Department owned approximately 0.09% of First Financial Bancorp. worth $1,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FFBC. Ameritas Investment Partners Inc. boosted its stake in First Financial Bancorp. by 6.9% during the 2nd 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 boosted its stake in 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 acquiring an additional 36 shares during the last quarter. Amalgamated Bank boosted its stake in First Financial Bancorp. by 1.2% during the 2nd 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. Crossmark Global Holdings Inc. bought a new position in First Financial Bancorp. during the 3rd quarter valued at $250,000. Finally, 1st Global Advisors Inc. boosted its stake in 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 acquiring an additional 53 shares during the last quarter. 76.89% of the stock is owned by institutional investors and hedge funds.

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First Financial Bancorp. (NASDAQ FFBC) opened at $27.40 on Thursday. 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 52-week low of $22.80 and a 52-week high of $29.80. The stock has a market cap of $1,700.44, a PE ratio of 17.34, a PEG ratio of 1.76 and a beta of 1.17.

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 the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate 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 year.

The firm also recently declared 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 is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.48%. First Financial Bancorp.’s payout ratio is currently 43.04%.

FFBC has been the topic of a number of research analyst reports. Sandler O’Neill upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $29.00 in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $28.00 price objective on shares of First Financial Bancorp. in a research note on Friday, September 8th. ValuEngine downgraded shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of First Financial Bancorp. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, 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 note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

First Financial Bancorp. 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.

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

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