Laurion Capital Management LP purchased a new position in shares of First Financial Bancorp. (NASDAQ:FFBC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 39,465 shares of the bank’s stock, valued at approximately $1,093,000. Laurion Capital Management LP owned about 0.06% of First Financial Bancorp. as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FFBC. Bank of Montreal Can grew its holdings in shares of First Financial Bancorp. by 50.3% during the first quarter. Bank of Montreal Can now owns 5,580 shares of the bank’s stock worth $153,000 after buying an additional 1,867 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of First Financial Bancorp. by 6.9% during the first quarter. Great West Life Assurance Co. Can now owns 86,898 shares of the bank’s stock worth $2,380,000 after buying an additional 5,586 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of First Financial Bancorp. by 12.9% during the first quarter. First Trust Advisors LP now owns 200,717 shares of the bank’s stock worth $5,510,000 after buying an additional 22,992 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of First Financial Bancorp. by 747.7% during the first quarter. American Century Companies Inc. now owns 195,286 shares of the bank’s stock worth $5,361,000 after buying an additional 172,249 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of First Financial Bancorp. by 27.8% during the first quarter. Bank of New York Mellon Corp now owns 1,219,079 shares of the bank’s stock worth $33,463,000 after buying an additional 265,477 shares during the last quarter. 74.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Financial Bancorp. (NASDAQ:FFBC) opened at 25.05 on Friday. First Financial Bancorp. has a one year low of $20.55 and a one year high of $29.80. The firm has a 50-day moving average price of $24.53 and a 200-day moving average price of $26.44. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 16.59 and a beta of 1.19.

First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.37 EPS for the quarter, missing the 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 firm had revenue of $85.97 million during the quarter, compared to analyst estimates of $89.52 million. During the same quarter in the previous year, the business posted $0.36 EPS. Analysts anticipate that First Financial Bancorp. will post $1.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be paid a $0.17 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 2.71%. First Financial Bancorp.’s payout ratio is currently 45.03%.

A number of equities research analysts have weighed in on the company. BidaskClub lowered First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Stephens raised First Financial Bancorp. from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Wednesday, July 26th. Zacks Investment Research lowered First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine raised First Financial Bancorp. from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price objective on shares of First Financial Bancorp. in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.50.

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In other First Financial Bancorp. news, insider C Douglas Lefferson sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 74,170 shares in the company, valued at $1,905,427.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 797 shares of company stock worth $20,099 in the last 90 days. 1.88% of the stock is owned by company insiders.

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.

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

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