Ameriprise Financial Inc. boosted its position in First Financial Bancorp. (NASDAQ:FFBC) by 16.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 383,489 shares of the bank’s stock after buying an additional 55,068 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.62% of First Financial Bancorp. worth $10,624,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its stake in First Financial Bancorp. by 23.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 234,917 shares of the bank’s stock valued at $6,507,000 after buying an additional 45,150 shares during the last quarter. Teachers Advisors LLC grew its stake in First Financial Bancorp. by 6.2% in the 2nd quarter. Teachers Advisors LLC now owns 111,097 shares of the bank’s stock valued at $3,077,000 after buying an additional 6,534 shares during the last quarter. Martingale Asset Management L P grew its stake in First Financial Bancorp. by 23.2% in the 2nd quarter. Martingale Asset Management L P now owns 19,710 shares of the bank’s stock valued at $546,000 after buying an additional 3,706 shares during the last quarter. Alliancebernstein L.P. grew its stake in First Financial Bancorp. by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 79,472 shares of the bank’s stock valued at $2,201,000 after buying an additional 1,500 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in First Financial Bancorp. by 5.1% in the 2nd quarter. Wells Fargo & Company MN now owns 127,767 shares of the bank’s stock valued at $3,539,000 after buying an additional 6,231 shares during the last quarter. Institutional investors and hedge funds own 74.23% of the company’s stock.

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Shares of First Financial Bancorp. (NASDAQ:FFBC) opened at 26.45 on Thursday. First Financial Bancorp. has a 52-week low of $20.55 and a 52-week high of $29.80. The firm has a 50-day moving average of $24.92 and a 200 day moving average of $26.26. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 17.52 and a beta of 1.20.

First Financial Bancorp. (NASDAQ:FFBC) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). The company had revenue of $85.97 million during the quarter, compared to the consensus estimate of $89.52 million. First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. During the same period in the previous year, the company earned $0.36 earnings per share. Analysts predict that First Financial Bancorp. will post $1.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Wednesday, August 30th. First Financial Bancorp.’s payout ratio is presently 45.03%.

A number of research analysts recently issued reports on the stock. Sandler O’Neill upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and raised their target price for the company from $28.00 to $29.00 in a research note on Friday, July 28th. BidaskClub upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Barclays PLC lowered their target price on shares of First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating on the stock in a research note on Thursday, July 27th. Piper Jaffray Companies set a $28.00 target price on shares of First Financial Bancorp. and gave the company a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of First Financial Bancorp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. First Financial Bancorp. has a consensus rating of “Hold” and a consensus price target of $28.29.

In other news, insider C Douglas Lefferson sold 40,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.69, for a total value of $1,027,600.00. Following the transaction, the insider now directly owns 74,170 shares of the company’s stock, valued at $1,905,427.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 801 shares of company stock worth $20,054 over the last three months. Insiders own 1.88% of the company’s stock.

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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