First Financial Bancorp (NASDAQ:FFBC) posted its earnings results on Thursday. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.02), Briefing.com reports. The company had revenue of $155.67 million for the quarter, compared to analysts’ expectations of $155.33 million. First Financial Bancorp had a return on equity of 10.13% and a net margin of 27.72%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS.
Shares of First Financial Bancorp stock traded down $0.29 during trading on Friday, hitting $24.56. The stock had a trading volume of 211,399 shares, compared to its average volume of 240,629. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 11.86 and a beta of 1.24. First Financial Bancorp has a 12 month low of $22.07 and a 12 month high of $28.59. The business’s 50-day moving average is $25.24 and its 200 day moving average is $24.36. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.
In other news, Chairman Claude E. Davis sold 25,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $24.52, for a total value of $613,000.00. Following the transaction, the chairman now owns 304,860 shares of the company’s stock, valued at $7,475,167.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.
Several research firms have issued reports on FFBC. Royal Bank of Canada set a $24.00 target price on First Financial Bancorp and gave the stock a “hold” rating in a research report on Monday, October 21st. ValuEngine upgraded First Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Zacks Investment Research downgraded First Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BidaskClub cut shares of First Financial Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.20.
About First Financial Bancorp
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.
Receive News & Ratings for First Financial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.