First Financial Bancorp (FFBC) Scheduled to Post Earnings on Thursday
First Financial Bancorp (NASDAQ:FFBC) is scheduled to announce its earnings results after the market closes on Thursday, January 18th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
First Financial Bancorp (NASDAQ:FFBC) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. The firm had revenue of $83.95 million during the quarter, compared to the consensus estimate 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 prior year, the company posted $0.37 earnings per share. On average, analysts expect First Financial Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
First Financial Bancorp (NASDAQ FFBC) opened at $28.20 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,750.09, a P/E ratio of 17.85, a P/E/G ratio of 1.44 and a beta of 1.17. First Financial Bancorp has a fifty-two week low of $22.80 and a fifty-two week high of $29.40.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, November 30th. First Financial Bancorp’s dividend payout ratio (DPR) is 43.04%.
FFBC has been the subject of several research analyst reports. Barclays increased their price objective on First Financial Bancorp from $27.00 to $30.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of First Financial Bancorp in a report on Friday, October 20th. Zacks Investment Research raised First Financial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Piper Jaffray Companies set a $28.00 price objective on First Financial Bancorp and gave the company a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub downgraded First Financial Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. First Financial Bancorp currently has an average rating of “Hold” and a consensus price target of $29.38.
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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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