Amalgamated Bank Buys 12 Shares of First Financial Bancorp. (NASDAQ:FFBC)

Amalgamated Bank increased its stake in shares of First Financial Bancorp. (NASDAQ:FFBC) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,304 shares of the bank’s stock after buying an additional 12 shares during the period. Amalgamated Bank’s holdings in First Financial Bancorp. were worth $228,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of First Financial Bancorp. by 27.6% in the first quarter. Stifel Financial Corp now owns 45,398 shares of the bank’s stock valued at $1,247,000 after buying an additional 9,821 shares during the period. Capital One National Association raised its stake in shares of First Financial Bancorp. by 1.0% in the first quarter. Capital One National Association now owns 25,670 shares of the bank’s stock valued at $705,000 after buying an additional 260 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of First Financial Bancorp. by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 86,898 shares of the bank’s stock valued at $2,380,000 after buying an additional 5,586 shares during the period. American Century Companies Inc. raised its stake in shares of First Financial Bancorp. by 747.7% in the first quarter. American Century Companies Inc. now owns 195,286 shares of the bank’s stock valued at $5,361,000 after buying an additional 172,249 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of First Financial Bancorp. by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 6,840 shares of the bank’s stock valued at $187,000 after buying an additional 130 shares during the period. 74.31% of the stock is currently owned by institutional investors.

Shares of First Financial Bancorp. (FFBC) traded down 0.83% during mid-day trading on Friday, reaching $23.85. 254,990 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $26.55 and a 200 day moving average of $27.05. First Financial Bancorp. has a one year low of $20.55 and a one year high of $29.80. The firm has a market capitalization of $1.48 billion, a P/E ratio of 15.79 and a beta of 1.18.

First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by $0.01. The firm had revenue of $85.97 million for the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.36 EPS. On average, analysts forecast that First Financial Bancorp. will post $1.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio is presently 45.03%.

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A number of research firms have weighed in on FFBC. Sandler O’Neill raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $29.00 in a report on Friday, July 28th. BidaskClub raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Barclays PLC dropped their price target on shares of First Financial Bancorp. from $27.00 to $25.00 and set an “underweight” rating on the stock in a research report on Thursday, July 27th. Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp. and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. First Financial Bancorp. presently has an average rating of “Hold” and an average target price of $28.63.

In other news, insider C Douglas Lefferson sold 40,000 shares of First Financial Bancorp. stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $25.69, for a total value of $1,027,600.00. Following the completion of the transaction, the insider now owns 74,170 shares of the company’s stock, valued at approximately $1,905,427.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.88% of the stock is owned by insiders.

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.

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

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