Media stories about First Financial Bancorp. (NASDAQ:FFBC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Financial Bancorp. earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.1692362238889 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- President, Community Banking of First Financial Bancorp (NASDAQ:FFBC), Ringwald Bradley J, sells 1,000 shares worth $24,340 (empowerednews.net)
- Insider Trading Activity First Financial Bancorp. (NASDAQ:FFBC) – Insider Sold 1,000 shares of Stock (4-traders.com)
- First Financial Bancorp. (FFBC) Insider Bradley J. Ringwald Sells 1,000 Shares (americanbankingnews.com)
- See what the IHS Markit Score report has to say about First Financial Bancorp. (finance.yahoo.com)
- First Financial Bancorp. (FFBC) Expected to Post Quarterly Sales of $88.30 Million (americanbankingnews.com)
Shares of First Financial Bancorp. (NASDAQ:FFBC) opened at 23.85 on Friday. The firm’s 50-day moving average is $26.55 and its 200-day moving average is $27.05. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 15.79 and a beta of 1.18. First Financial Bancorp. has a 52 week low of $20.55 and a 52 week high of $29.80.
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. Equities research analysts predict that First Financial Bancorp. will post $1.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, August 30th. First Financial Bancorp.’s dividend payout ratio is currently 45.03%.
FFBC has been the subject of several research analyst reports. BidaskClub upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. ValuEngine upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, May 30th. Sandler O’Neill upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $29.00 in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 price objective on shares of First Financial Bancorp. in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.63.
In other First Financial Bancorp. 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 completion of the transaction, the insider now owns 74,170 shares of the company’s stock, valued at $1,905,427.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.88% of the company’s stock.
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.
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