Truepoint Inc. purchased a new stake in First Financial Bancorp. (NASDAQ:FFBC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 309,328 shares of the bank’s stock, valued at approximately $309,000. Truepoint Inc. owned approximately 0.50% of First Financial Bancorp. as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. IFP Advisors Inc lifted its position in First Financial Bancorp. by 0.6% in the 2nd quarter. IFP Advisors Inc now owns 6,542 shares of the bank’s stock valued at $181,000 after acquiring an additional 36 shares in the last quarter. Alps Advisors Inc. lifted its position in First Financial Bancorp. by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 17,163 shares of the bank’s stock valued at $475,000 after acquiring an additional 45 shares in the last quarter. 1st Global Advisors Inc. lifted its position in shares of First Financial Bancorp. by 0.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,846 shares of the bank’s stock worth $273,000 after buying an additional 53 shares in the last quarter. Sei Investments Co. lifted its position in shares of First Financial Bancorp. by 0.3% during the 2nd quarter. Sei Investments Co. now owns 27,851 shares of the bank’s stock worth $771,000 after buying an additional 90 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of First Financial Bancorp. by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 32,371 shares of the bank’s stock worth $897,000 after buying an additional 100 shares in the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bancorp. (NASDAQ FFBC) opened at $27.50 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.02. First Financial Bancorp. has a one year low of $22.80 and a one year high of $29.40. The firm has a market cap of $1,694.24, a P/E ratio of 17.28, a P/E/G ratio of 1.75 and a beta of 1.16.

First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. The firm had revenue of $83.95 million during the quarter, compared to the consensus estimate of $88.30 million. During the same period last year, the firm earned $0.37 EPS. equities analysts predict that First Financial Bancorp. will post 1.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, November 30th. First Financial Bancorp.’s payout ratio is 43.04%.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of First Financial Bancorp. from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, October 24th. Barclays raised their price target on shares of First Financial Bancorp. from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Monday, October 23rd. Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 price objective on shares of First Financial Bancorp. in a research note on Friday, October 20th. 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 note on Friday, October 6th. Finally, ValuEngine lowered shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. First Financial Bancorp. presently has an average rating of “Hold” and a consensus target price of $29.00.

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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.

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

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