K2 Principal Fund L.P. Invests $665,000 in First Financial Bancorp. $FFBC

Posted by Francis Steltz on Jun 14th, 2026

K2 Principal Fund L.P. bought a new position in First Financial Bancorp. (NASDAQ:FFBC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,576 shares of the bank’s stock, valued at approximately $665,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FFBC. Victory Capital Management Inc. lifted its holdings in shares of First Financial Bancorp. by 194.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,248,076 shares of the bank’s stock worth $31,227,000 after acquiring an additional 824,920 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in First Financial Bancorp. by 67.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 907,478 shares of the bank’s stock worth $22,705,000 after buying an additional 364,597 shares during the period. State Street Corp grew its holdings in First Financial Bancorp. by 7.9% during the 4th quarter. State Street Corp now owns 4,851,427 shares of the bank’s stock worth $121,383,000 after acquiring an additional 354,833 shares during the last quarter. Jane Street Group LLC bought a new stake in First Financial Bancorp. during the 1st quarter worth approximately $5,714,000. Finally, Gator Capital Management LLC bought a new stake in First Financial Bancorp. during the 3rd quarter worth approximately $5,603,000. Institutional investors own 77.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FFBC shares. Truist Financial boosted their target price on shares of First Financial Bancorp. from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Wall Street Zen lowered shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a report on Sunday. Raymond James Financial reissued an “outperform” rating and set a $34.00 target price on shares of First Financial Bancorp. in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of First Financial Bancorp. in a report on Monday, June 8th. Finally, Royal Bank Of Canada boosted their target price on shares of First Financial Bancorp. from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Read Our Latest Report on First Financial Bancorp.

Insider Buying and Selling at First Financial Bancorp.

In other First Financial Bancorp. news, CFO James M. Anderson sold 4,263 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $30.00, for a total transaction of $127,890.00. Following the completion of the sale, the chief financial officer owned 118,537 shares of the company’s stock, valued at approximately $3,556,110. This represents a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Claude E. Davis sold 26,123 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $30.45, for a total transaction of $795,445.35. Following the sale, the insider directly owned 30,410 shares of the company’s stock, valued at $925,984.50. This represents a 46.21% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 41,126 shares of company stock valued at $1,255,501. 1.08% of the stock is currently owned by company insiders.

First Financial Bancorp. Stock Performance

NASDAQ:FFBC opened at $32.30 on Friday. The company has a market capitalization of $3.39 billion, a PE ratio of 11.41 and a beta of 0.93. The company has a 50 day simple moving average of $30.11 and a two-hundred day simple moving average of $28.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. First Financial Bancorp. has a fifty-two week low of $22.93 and a fifty-two week high of $32.31.

First Financial Bancorp. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, June 1st. First Financial Bancorp.’s dividend payout ratio is currently 35.34%.

First Financial Bancorp. Company Profile

(Free Report)

First Financial Bancorp (NASDAQ: FFBC) is a bank holding company headquartered in Cincinnati, Ohio, and the parent of First Financial Bank. The company provides a comprehensive suite of commercial and consumer banking services through a network of more than 100 full-service banking centers and mortgage offices across Ohio, Indiana and Kentucky. Its core mission centers on delivering personalized relationship banking to businesses, individuals and public sector clients.

First Financial Bank’s product portfolio includes deposit solutions such as checking, savings and money market accounts, alongside a range of lending offerings that cover commercial and industrial loans, real estate and construction financing, home mortgages and home equity lines of credit.