NASDAQ:FFBC First Financial Bancorp Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding First Financial Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $11.40 -0.41 (-3.47 %) (As of 09/23/2020 12:00 AM ET) Add Compare Share Today's Range$11.39Now: $11.40▼$12.6350-Day Range$11.81MA: $13.89▼$15.1552-Week Range$10.83Now: $11.40▼$26.19Volume638,005 shsAverage Volume519,176 shsMarket Capitalization$1.12 billionP/E Ratio6.83Dividend Yield7.79%Beta1.19 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. It also provides real estate loans secured by residential property or commercial property; commercial and industrial loans for various purposes, including inventory, receivables, and equipment; consumer loans comprising new and used vehicle loans, second mortgages on residential real estate, and unsecured loans; and home equity lines of credit. In addition, the company offers commercial financing to the insurance industry, registered investment advisors, certified public accountants, indirect auto finance companies, and restaurant franchisees. Further, it offers a range of trust and wealth management services; and long-term, lease, and equipment financing services. As of December 31, 2018, the company operated 67 banking centers in Ohio; 3 banking centers in Illinois; 73 banking centers in Indiana; and 16 banking centers in Kentucky. First Financial Bancorp. was founded in 1863 and is headquartered in Cincinnati, Ohio.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingFirst Financial Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.00, First Financial Bancorp has a forecasted upside of 110.5% from its current price of $11.40.Amount of Analyst CoverageFirst Financial Bancorp has received no research coverage in the past 90 days. Previous Next 1.6 Community Rank Outperform VotesFirst Financial Bancorp has received 255 “outperform” votes. (Add your “outperform” vote.)Underperform VotesFirst Financial Bancorp has received 558 “underperform” votes. (Add your “underperform” vote.)Community SentimentFirst Financial Bancorp has received 68.63% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about First Financial Bancorp and other stocks. Vote “Outperform” if you believe FFBC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FFBC will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend LeadershipFirst Financial Bancorp is a leading dividend payer. It pays a dividend yield of 7.79%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFirst Financial Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of First Financial Bancorp is 42.99%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, First Financial Bancorp will have a dividend payout ratio of 77.31% in the coming year. This indicates that First Financial Bancorp may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Financial Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $54,637.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of First Financial Bancorp is held by insiders.Percentage Held by Institutions73.90% of the stock of First Financial Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for First Financial Bancorp are expected to decrease by -17.36% in the coming year, from $1.44 to $1.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Financial Bancorp is 6.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.47.Price to Earnings Ratio vs. SectorThe P/E ratio of First Financial Bancorp is 6.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.99.Price to Book Value per Share RatioFirst Financial Bancorp has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 1.6Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.60 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:FFBC Previous Symbol CUSIP32020910 CIK708955 Webwww.bankatfirst.com Phone877-322-9530Debt Debt-to-Equity Ratio0.58 Current Ratio0.93 Quick Ratio0.93Price-To-Earnings Trailing P/E Ratio6.83 Forward P/E Ratio7.92 P/E GrowthN/A Sales & Book Value Annual Sales$738.95 million Price / Sales1.51 Cash Flow$2.20 per share Price / Cash Flow5.19 Book Value$22.62 per share Price / Book0.50Profitability EPS (Most Recent Fiscal Year)$2.14 Net Income$198.07 million Net Margins23.05% Return on Equity7.97% Return on Assets1.18%Miscellaneous Employees2,123 Outstanding Shares97,996,000Market Cap$1.12 billion Next Earnings Date10/15/2020 (Estimated) OptionableOptionable $11.40 -0.41 (-3.47 %) (As of 09/23/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive FFBC News and Ratings via Email Sign-up to receive the latest news and ratings for FFBC and its competitors with MarketBeat's FREE daily newsletter. First Financial Bancorp (NASDAQ:FFBC) Frequently Asked Questions How has First Financial Bancorp's stock price been impacted by COVID-19 (Coronavirus)? First Financial Bancorp's stock was trading at $14.96 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FFBC shares have decreased by 23.8% and is now trading at $11.40. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of First Financial Bancorp? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Financial Bancorp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Financial Bancorp. When is First Financial Bancorp's next earnings date? First Financial Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020. View our earnings forecast for First Financial Bancorp. How were First Financial Bancorp's earnings last quarter? First Financial Bancorp (NASDAQ:FFBC) announced its earnings results on Thursday, July, 23rd. The bank reported $0.40 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.15. The bank had revenue of $154.30 million for the quarter, compared to analysts' expectations of $147.50 million. First Financial Bancorp had a net margin of 23.05% and a return on equity of 7.97%. View First Financial Bancorp's earnings history. How often does First Financial Bancorp pay dividends? What is the dividend yield for First Financial Bancorp? First Financial Bancorp announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.23 per share on Tuesday, September 15th. This represents a $0.92 annualized dividend and a yield of 8.07%. The ex-dividend date of this dividend is Monday, August 31st. View First Financial Bancorp's dividend history. How will First Financial Bancorp's stock buyback program work? First Financial Bancorp announced that its board has approved a share buyback plan on Monday, January 14th 2019, which allows the company to buyback 0 shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued. What price target have analysts set for FFBC? 1 analysts have issued 1 year target prices for First Financial Bancorp's stock. Their forecasts range from $24.00 to $24.00. On average, they anticipate First Financial Bancorp's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 110.5% from the stock's current price. View analysts' price targets for First Financial Bancorp. Who are some of First Financial Bancorp's key competitors? Some companies that are related to First Financial Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors. What other stocks do shareholders of First Financial Bancorp own? Based on aggregate information from My MarketBeat watchlists, some companies that other First Financial Bancorp investors own include Carnival (CCL), Energy Transfer LP Unit (ET), Altria Group (MO), Enterprise Products Partners (EPD), Simon Property Group (SPG), AT&T (T), Verizon Communications (VZ), American Airlines Group (AAL), AbbVie (ABBV) and Bank of America (BAC). Who are First Financial Bancorp's key executives? First Financial Bancorp's management team includes the following people: Mr. Claude E. Davis, Exec. Chairman (Age 59)Mr. Anthony M. Stollings, Exec. VP, Commercial Banking (Age 65)Mr. John M. Gavigan, Exec. VP of Advanced Solutions & Digital Banking (Age 41)Mr. Richard S. Dennen CPA, Pres, Oak Street Funding, LLC (Age 52)Mr. Archie M. Brown Jr., Pres, CEO & Director (Age 58) What is First Financial Bancorp's stock symbol? First Financial Bancorp trades on the NASDAQ under the ticker symbol "FFBC." Who are First Financial Bancorp's major shareholders? First Financial Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.36%), Macquarie Group Ltd. (6.78%), Bank of New York Mellon Corp (1.55%), Charles Schwab Investment Management Inc. (0.81%), Principal Financial Group Inc. (0.76%) and Principal Financial Group Inc. (0.76%). Company insiders that own First Financial Bancorp stock include Claude E Davis, J Wickliffe Ach, Knust Susan L Purkrabek, Maribeth S Rahe, Richard E Olszewski, Richard S Dennen, Thomas Murray Obrien and Vince Berta. View institutional ownership trends for First Financial Bancorp. Which major investors are selling First Financial Bancorp stock? FFBC stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., Victory Capital Management Inc., Prudential Financial Inc., State of Tennessee Treasury Department, Principal Financial Group Inc., Principal Financial Group Inc., and Sei Investments Co.. View insider buying and selling activity for First Financial Bancorp. Which major investors are buying First Financial Bancorp stock? FFBC stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Nuveen Asset Management LLC, Man Group plc, First Trust Advisors LP, EJF Capital LLC, Denali Advisors LLC, Aigen Investment Management LP, and Cubist Systematic Strategies LLC. Company insiders that have bought First Financial Bancorp stock in the last two years include J Wickliffe Ach, Knust Susan L Purkrabek, Maribeth S Rahe, Richard E Olszewski, Thomas Murray Obrien, and Vince Berta. View insider buying and selling activity for First Financial Bancorp. How do I buy shares of First Financial Bancorp? Shares of FFBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is First Financial Bancorp's stock price today? One share of FFBC stock can currently be purchased for approximately $11.40. How big of a company is First Financial Bancorp? First Financial Bancorp has a market capitalization of $1.12 billion and generates $738.95 million in revenue each year. The bank earns $198.07 million in net income (profit) each year or $2.14 on an earnings per share basis. First Financial Bancorp employs 2,123 workers across the globe. What is First Financial Bancorp's official website? The official website for First Financial Bancorp is www.bankatfirst.com. How can I contact First Financial Bancorp? First Financial Bancorp's mailing address is 255 EAST FIFTH STREET SUITE 800, CINCINNATI OH, 45202. The bank can be reached via phone at 877-322-9530 or via email at [email protected] This page was last updated on 9/24/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
