State Street Corp raised its holdings in First Financial Bancorp. (NASDAQ:FFBC) by 2.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,985,270 shares of the bank’s stock after buying an additional 46,174 shares during the quarter. State Street Corp owned 3.19% of First Financial Bancorp. worth $54,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FFBC. BlackRock Inc. grew its holdings in First Financial Bancorp. by 46,873.9% in the 1st quarter. BlackRock Inc. now owns 7,672,717 shares of the bank’s stock valued at $210,616,000 after buying an additional 7,656,383 shares during the last quarter. Vanguard Group Inc. grew its holdings in First Financial Bancorp. by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 5,671,527 shares of the bank’s stock valued at $155,684,000 after buying an additional 324,078 shares during the last quarter. Bank of America Corp DE grew its holdings in First Financial Bancorp. by 254.4% in the 1st quarter. Bank of America Corp DE now owns 226,074 shares of the bank’s stock valued at $6,206,000 after buying an additional 162,292 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in First Financial Bancorp. by 4.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,615,610 shares of the bank’s stock valued at $72,453,000 after buying an additional 106,493 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in First Financial Bancorp. by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 2,544,438 shares of the bank’s stock valued at $70,481,000 after buying an additional 77,946 shares during the last quarter. 74.57% of the stock is currently owned by hedge funds and other institutional investors.

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

First Financial Bancorp. (NASDAQ:FFBC) last posted its earnings results on Thursday, October 19th. The bank reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. First Financial Bancorp. had a return on equity of 11.22% and a net margin of 26.49%. The company had revenue of $83.95 million for the quarter, compared to the consensus estimate of $88.30 million. During the same quarter in the prior year, the business earned $0.37 earnings per share.

The company also recently announced 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. This represents a $0.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, November 30th. First Financial Bancorp.’s payout ratio is 43.04%.

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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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