First Financial Bancorp. (NASDAQ:FFBC) had its target price decreased by Barclays PLC from $27.00 to $25.00 in a report released on Thursday morning. Barclays PLC currently has an underweight rating on the bank’s stock.

Several other equities analysts have also commented on FFBC. Stephens upgraded shares of First Financial Bancorp. from an equal weight rating to an overweight rating and set a $31.00 price objective for the company in a research report on Wednesday, July 26th. 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 Tuesday, July 25th. Zacks Investment Research upgraded shares of First Financial Bancorp. from a hold rating to a buy rating and set a $30.00 price objective for the company in a research report on Tuesday, May 16th. Royal Bank Of Canada reiterated a hold rating and set a $29.00 price objective on shares of First Financial Bancorp. in a research report on Friday, July 7th. Finally, BidaskClub lowered shares of First Financial Bancorp. from a buy rating to a hold rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. First Financial Bancorp. has an average rating of Hold and an average price target of $28.63.

First Financial Bancorp. (FFBC) traded down 1.35% during mid-day trading on Thursday, hitting $25.60. 344,360 shares of the stock traded hands. The company’s 50 day moving average is $27.45 and its 200 day moving average is $27.34. First Financial Bancorp. has a 12 month low of $20.55 and a 12 month high of $29.80. The company has a market cap of $1.59 billion, a P/E ratio of 16.95 and a beta of 1.20.

First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. The business had revenue of $85.97 million for the quarter, compared to the consensus estimate of $89.52 million. During the same quarter last year, the business earned $0.36 EPS. On average, analysts expect that First Financial Bancorp. will post $1.54 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio is currently 45.03%.

In other news, insider Paul C. Silva sold 1,713 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $27.66, for a total value of $47,381.58. Following the sale, the insider now owns 2,051 shares of the company’s stock, valued at $56,730.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Several large investors have recently made changes to their positions in FFBC. Bronfman E.L. Rothschild L.P. increased its stake in shares of First Financial Bancorp. by 2.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,439 shares of the bank’s stock valued at $122,000 after buying an additional 122 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of First Financial Bancorp. during the first quarter valued at $139,000. Bank of Montreal Can increased its stake in shares of First Financial Bancorp. by 50.3% in the first quarter. Bank of Montreal Can now owns 5,580 shares of the bank’s stock valued at $153,000 after buying an additional 1,867 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of First Financial Bancorp. by 16.6% in the first quarter. SG Americas Securities LLC now owns 6,492 shares of the bank’s stock valued at $178,000 after buying an additional 922 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of First Financial Bancorp. by 0.5% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the bank’s stock valued at $179,000 after buying an additional 31 shares in the last quarter. 74.40% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bancorp. Company 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.

Analyst Recommendations for First Financial Bancorp. (NASDAQ:FFBC)

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