Equities research analysts expect that First Financial Bancorp (NASDAQ:FFBC) will post earnings per share (EPS) of $0.56 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for First Financial Bancorp’s earnings, with estimates ranging from $0.54 to $0.58. First Financial Bancorp reported earnings of $0.58 per share in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The business is scheduled to announce its next earnings results on Thursday, October 17th.
According to Zacks, analysts expect that First Financial Bancorp will report full year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.11 to $2.18. For the next financial year, analysts expect that the firm will report earnings of $2.24 per share, with EPS estimates ranging from $2.20 to $2.29. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for First Financial Bancorp.
First Financial Bancorp (NASDAQ:FFBC) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $156.94 million during the quarter, compared to the consensus estimate of $153.34 million. First Financial Bancorp had a return on equity of 10.59% and a net margin of 28.03%. During the same quarter in the prior year, the company earned $0.57 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of First Financial Bancorp by 5.4% in the first quarter. BlackRock Inc. now owns 14,311,731 shares of the bank’s stock worth $344,339,000 after acquiring an additional 735,295 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of First Financial Bancorp by 5.8% in the fourth quarter. Macquarie Group Ltd. now owns 4,813,892 shares of the bank’s stock worth $114,193,000 after acquiring an additional 263,353 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Financial Bancorp by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 3,383,113 shares of the bank’s stock worth $81,399,000 after acquiring an additional 142,898 shares during the last quarter. Norges Bank purchased a new stake in shares of First Financial Bancorp in the fourth quarter worth $28,757,000. Finally, Geode Capital Management LLC grew its stake in shares of First Financial Bancorp by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,085,173 shares of the bank’s stock worth $25,740,000 after acquiring an additional 42,890 shares during the last quarter. 74.72% of the stock is currently owned by hedge funds and other institutional investors.
FFBC traded up $0.28 during trading on Monday, reaching $24.17. The stock had a trading volume of 487,102 shares, compared to its average volume of 294,497. The firm’s 50 day simple moving average is $23.46. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.36 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.24. First Financial Bancorp has a one year low of $22.07 and a one year high of $32.25.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 2nd will be paid a $0.23 dividend. This is a boost from First Financial Bancorp’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.81%. First Financial Bancorp’s dividend payout ratio is currently 38.60%.
First Financial Bancorp Company Profile
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.
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