First Financial Bancorp. (FFBC) Earning Somewhat Favorable Media Coverage, Report Finds

Media headlines about First Financial Bancorp. (NASDAQ:FFBC) have been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Financial Bancorp. earned a coverage optimism score of 0.19 on AlphaOne’s scale. AlphaOne also assigned news articles about the bank an impact score of 29 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the next few days.

Insider Buying and Selling by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

Several research firms have recently issued reports on FFBC. BidaskClub raised First Financial Bancorp. from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, May 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 target price on shares of First Financial Bancorp. in a research report on Monday, April 10th. Finally, DA Davidson started coverage on shares of First Financial Bancorp. in a research report on Thursday, March 23rd. They set a “buy” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. First Financial Bancorp. currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Shares of First Financial Bancorp. (FFBC) traded down 1.09% during trading on Friday, hitting $27.30. The company had a trading volume of 509,312 shares. First Financial Bancorp. has a 1-year low of $18.00 and a 1-year high of $29.80. The company’s 50 day moving average is $26.66 and its 200 day moving average is $27.49. The firm has a market capitalization of $1.70 billion, a P/E ratio of 18.20 and a beta of 1.21.

First Financial Bancorp. (NASDAQ:FFBC) last released its earnings results on Thursday, April 20th. The bank reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. First Financial Bancorp. had a return on equity of 10.79% and a net margin of 24.42%. The business had revenue of $86.30 million for the quarter, compared to the consensus estimate of $86.84 million. During the same period in the previous year, the company posted $0.32 earnings per share. Analysts anticipate that First Financial Bancorp. will post $1.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, May 31st. First Financial Bancorp.’s payout ratio is currently 45.33%.

In other news, insider Paul C. Silva sold 1,713 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $27.66, for a total transaction of $47,381.58. Following the transaction, the insider now directly owns 2,051 shares of the company’s stock, valued at $56,730.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.88% of the company’s stock.

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About First Financial Bancorp.

First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.

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