First Financial Bancorp. Stock Forecast, Price & News

First Financial Bancorp.'s stock was trading at $14.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FFBC stock has increased by 13.7% and is now trading at $17.01.
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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."
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First Financial Bancorp. is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
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First Financial Bancorp. (NASDAQ:FFBC) announced its quarterly earnings results on Thursday, October, 22nd. The bank reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The bank earned $161.68 million during the quarter, compared to the consensus estimate of $155.85 million. First Financial Bancorp. had a return on equity of 7.42% and a net margin of 22.09%. The business's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS.
View First Financial Bancorp.'s earnings history.

First Financial Bancorp. announced a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, December 1st will be given a dividend of $0.23 per share on Tuesday, December 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Monday, November 30th.
View First Financial Bancorp.'s dividend history.

First Financial Bancorp. announced that its board has approved a stock buyback program on Monday, January 14th 2019, which allows the company to repurchase 0 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

1 brokerages have issued 12-month target prices for First Financial Bancorp.'s stock. Their forecasts range from $15.00 to $15.00. On average, they expect First Financial Bancorp.'s stock price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 11.8%.
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First Financial Bancorp. saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,000,000 shares, a decrease of 16.7% from the October 15th total of 1,200,000 shares. Based on an average daily volume of 402,900 shares, the short-interest ratio is presently 2.5 days. Approximately 1.0% of the company's shares are sold short.
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Some companies that are related to First Financial Bancorp. include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY) and Prosperity Bancshares (PB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other First Financial Bancorp. investors own include AT&T (T), Carnival Co. & (CCL), Enterprise Products Partners (EPD), Energy Transfer (ET), Altria Group (MO), Verizon Communications (VZ), Gilead Sciences (GILD), Simon Property Group (SPG), Exxon Mobil (XOM) and American Airlines Group (AAL).

First Financial Bancorp. trades on the NASDAQ under the ticker symbol "FFBC."

First Financial Bancorp.'s stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.65%), JPMorgan Chase & Co. (4.15%), State Street Corp (3.74%), The Manufacturers Life Insurance Company (1.16%), Charles Schwab Investment Management Inc. (0.81%) and Principal Financial Group Inc. (0.72%). 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..

FFBC stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., State Street Corp, JPMorgan Chase & Co., Neumeier Poma Investment Counsel LLC, Morgan Stanley, Great West Life Assurance Co. Can, Maltese Capital Management LLC, and The Manufacturers Life Insurance Company. Company insiders that have sold First Financial Bancorp. company stock in the last year include Claude E Davis, and Richard S Dennen.
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FFBC stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Arrowstreet Capital Limited Partnership, First Trust Advisors LP, BlackRock Inc., Assenagon Asset Management S.A., PL Capital Advisors LLC, Paloma Partners Management Co, and State of Tennessee Treasury Department. 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..

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.

One share of FFBC stock can currently be purchased for approximately $17.01.

First Financial Bancorp. has a market capitalization of $1.67 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 2,065 workers across the globe.

The official website for First Financial Bancorp. is www.bankatfirst.com.

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]