Susquehanna International Group LLP bought a new position in shares of First Financial Bancorp. (NASDAQ:FFBC) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 52,408 shares of the bank’s stock, valued at approximately $1,452,000. Susquehanna International Group LLP owned 0.08% of First Financial Bancorp. as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of First Financial Bancorp. during the 1st quarter worth about $139,000. SG Americas Securities LLC grew its holdings in shares of First Financial Bancorp. by 16.6% during the 1st quarter. SG Americas Securities LLC now owns 6,492 shares of the bank’s stock worth $178,000 after purchasing an additional 922 shares during the period. IFP Advisors Inc grew its holdings in shares of First Financial Bancorp. by 0.6% during the 2nd quarter. IFP Advisors Inc now owns 6,542 shares of the bank’s stock worth $181,000 after purchasing an additional 36 shares during the period. Amalgamated Bank grew its holdings in shares of First Financial Bancorp. by 1.2% during the 2nd quarter. Amalgamated Bank now owns 8,406 shares of the bank’s stock worth $233,000 after purchasing an additional 102 shares during the period. Finally, GW&K Investment Management LLC purchased a new stake in shares of First Financial Bancorp. during the 2nd quarter worth about $261,000. Institutional investors and hedge funds own 74.23% of the company’s stock.
FFBC has been the subject of a number of research reports. Zacks Investment Research upgraded First Financial Bancorp. from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub cut First Financial Bancorp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine cut First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Piper Jaffray Companies set a $28.00 price target on First Financial Bancorp. and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, Stephens upgraded First Financial Bancorp. from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $28.29.
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First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). First Financial Bancorp. had a return on equity of 10.65% and a net margin of 24.28%. The firm had revenue of $85.97 million for the quarter, compared to analyst estimates of $89.52 million. During the same period in the previous year, the business posted $0.36 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, August 30th. First Financial Bancorp.’s payout ratio is presently 45.03%.
In other news, insider C Douglas Lefferson sold 40,000 shares of First Financial Bancorp. stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,905,427.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 801 shares of company stock worth $20,054 in the last three months. 1.88% of the stock is owned by 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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