First Financial Bancorp. (FFBC) – Investment Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for First Financial Bancorp. (NASDAQ: FFBC):

  • 7/28/2017 – First Financial Bancorp. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – First Financial Bancorp. was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock, up previously from $28.00.
  • 7/27/2017 – First Financial Bancorp. had its price target lowered by analysts at Barclays PLC from $27.00 to $25.00. They now have an “underweight” rating on the stock.
  • 7/26/2017 – First Financial Bancorp. was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $31.00 price target on the stock.
  • 7/25/2017 – First Financial Bancorp. was given a new $28.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 7/12/2017 – First Financial Bancorp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Financial Bancorp., is a financial holding company that engages in the business of commercial banking, and other permissible activities that are financial in nature, through seventeen wholly owned subsidiary institutions. Bancorp provides management and similar services for its subsidiary financial institutions. Bancorp must depend largely upon its seventeen subsidiaries for funds with which to pay the expenses of its operation and, to the extent applicable, any dividends on its outstanding shares of stock. “
  • 7/7/2017 – First Financial Bancorp. had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $29.00 price target on the stock.
  • 6/27/2017 – First Financial Bancorp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “First Financial Bancorp., is a financial holding company that engages in the business of commercial banking, and other permissible activities that are financial in nature, through seventeen wholly owned subsidiary institutions. Bancorp provides management and similar services for its subsidiary financial institutions. Bancorp must depend largely upon its seventeen subsidiaries for funds with which to pay the expenses of its operation and, to the extent applicable, any dividends on its outstanding shares of stock. “
  • 6/26/2017 – First Financial Bancorp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Financial Bancorp., is a financial holding company that engages in the business of commercial banking, and other permissible activities that are financial in nature, through seventeen wholly owned subsidiary institutions. Bancorp provides management and similar services for its subsidiary financial institutions. Bancorp must depend largely upon its seventeen subsidiaries for funds with which to pay the expenses of its operation and, to the extent applicable, any dividends on its outstanding shares of stock. “
  • 6/21/2017 – First Financial Bancorp. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/20/2017 – First Financial Bancorp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “First Financial Bancorp., is a financial holding company that engages in the business of commercial banking, and other permissible activities that are financial in nature, through seventeen wholly owned subsidiary institutions. Bancorp provides management and similar services for its subsidiary financial institutions. Bancorp must depend largely upon its seventeen subsidiaries for funds with which to pay the expenses of its operation and, to the extent applicable, any dividends on its outstanding shares of stock. “
  • 6/19/2017 – First Financial Bancorp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Financial Bancorp., is a financial holding company that engages in the business of commercial banking, and other permissible activities that are financial in nature, through seventeen wholly owned subsidiary institutions. Bancorp provides management and similar services for its subsidiary financial institutions. Bancorp must depend largely upon its seventeen subsidiaries for funds with which to pay the expenses of its operation and, to the extent applicable, any dividends on its outstanding shares of stock. “
  • 6/14/2017 – First Financial Bancorp. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

First Financial Bancorp. (NASDAQ FFBC) traded down 0.97% during midday trading on Wednesday, hitting $25.45. 523,661 shares of the stock traded hands. The stock has a market cap of $1.58 billion, a PE ratio of 16.85 and a beta of 1.18. The company has a 50-day moving average of $27.17 and a 200-day moving average of $27.25. First Financial Bancorp. has a 12 month low of $20.55 and a 12 month high of $29.80.

First Financial Bancorp. (NASDAQ:FFBC) last announced its earnings results on Tuesday, July 25th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $85.97 million for the quarter, compared to analyst estimates of $89.52 million. During the same quarter last year, the company posted $0.36 EPS. On average, equities research analysts anticipate that First Financial Bancorp. will post $1.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio (DPR) is 45.03%.

In other news, insider C Douglas Lefferson sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $25.69, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.88% of the stock is owned by company insiders.

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.

What are top analysts saying about First Financial Bancorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Financial Bancorp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit