Free Trial

16,181 Shares in First Financial Bancorp. (NASDAQ:FFBC) Acquired by SG Americas Securities LLC

First Financial Bancorp. logo with Finance background

SG Americas Securities LLC acquired a new stake in First Financial Bancorp. (NASDAQ:FFBC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,181 shares of the bank's stock, valued at approximately $404,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its stake in First Financial Bancorp. by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 511,868 shares of the bank's stock valued at $13,759,000 after acquiring an additional 20,636 shares during the period. GAMMA Investing LLC grew its holdings in shares of First Financial Bancorp. by 3,493.6% during the 1st quarter. GAMMA Investing LLC now owns 38,020 shares of the bank's stock worth $950,000 after purchasing an additional 36,962 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of First Financial Bancorp. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,892,158 shares of the bank's stock worth $292,781,000 after purchasing an additional 72,367 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of First Financial Bancorp. by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,304,922 shares of the bank's stock valued at $35,076,000 after purchasing an additional 22,573 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of First Financial Bancorp. by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,747 shares of the bank's stock valued at $1,445,000 after purchasing an additional 2,070 shares in the last quarter. Institutional investors and hedge funds own 77.23% of the company's stock.

First Financial Bancorp. Price Performance

FFBC stock traded down $0.20 during trading on Friday, hitting $24.35. The company had a trading volume of 919,117 shares, compared to its average volume of 418,252. The company has a fifty day moving average price of $23.95 and a two-hundred day moving average price of $25.43. First Financial Bancorp. has a fifty-two week low of $21.10 and a fifty-two week high of $31.18. The company has a market cap of $2.33 billion, a P/E ratio of 10.10 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43.

First Financial Bancorp. (NASDAQ:FFBC - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. First Financial Bancorp. had a net margin of 18.65% and a return on equity of 10.44%. The company had revenue of $201.59 million for the quarter, compared to the consensus estimate of $214.80 million. During the same quarter in the previous year, the company earned $0.59 EPS. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that First Financial Bancorp. will post 2.64 earnings per share for the current fiscal year.

First Financial Bancorp. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 3.94%. First Financial Bancorp.'s dividend payout ratio (DPR) is presently 39.83%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FFBC. Royal Bank Of Canada reiterated a "sector perform" rating and set a $27.00 price target on shares of First Financial Bancorp. in a research note on Wednesday. Truist Financial started coverage on shares of First Financial Bancorp. in a report on Tuesday, May 13th. They set a "hold" rating and a $27.00 price objective for the company. Stephens reiterated an "overweight" rating and set a $29.00 target price on shares of First Financial Bancorp. in a research report on Friday. Finally, Keefe, Bruyette & Woods increased their price target on shares of First Financial Bancorp. from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday.

Read Our Latest Stock Report on First Financial Bancorp.

First Financial Bancorp. Company Profile

(Free Report)

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.

Featured Articles

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

Should You Invest $1,000 in First Financial Bancorp. Right Now?

Before you consider First Financial Bancorp., you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Financial Bancorp. wasn't on the list.

While First Financial Bancorp. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines