Trexquant Investment LP purchased a new position in shares of First Financial Bancorp. (NASDAQ:FFBC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,271 shares of the bank’s stock, valued at approximately $321,000.
A number of other institutional investors and hedge funds have also bought and sold shares of FFBC. Macquarie Group Ltd. raised its position in First Financial Bancorp. by 8.9% during the 3rd quarter. Macquarie Group Ltd. now owns 2,770,582 shares of the bank’s stock worth $72,451,000 after buying an additional 226,144 shares during the last quarter. Victory Capital Management Inc. raised its position in First Financial Bancorp. by 12.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,499,861 shares of the bank’s stock worth $39,221,000 after buying an additional 166,640 shares during the last quarter. Dean Capital Management purchased a new position in First Financial Bancorp. during the 2nd quarter worth approximately $4,020,000. Chartwell Investment Partners LLC raised its position in First Financial Bancorp. by 28.9% during the 3rd quarter. Chartwell Investment Partners LLC now owns 603,250 shares of the bank’s stock worth $15,774,000 after buying an additional 135,325 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in First Financial Bancorp. by 4.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,615,610 shares of the bank’s stock worth $72,453,000 after buying an additional 106,493 shares during the last quarter. 77.89% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of First Financial Bancorp. from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Tuesday, October 24th. Barclays raised their price target on shares of First Financial Bancorp. from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Monday, October 23rd. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price target on shares of First Financial Bancorp. in a research report on Friday, October 20th. Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp. and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, ValuEngine cut shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.
First Financial Bancorp. (NASDAQ:FFBC) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $83.95 million for the quarter, compared to analysts’ expectations of $88.30 million. First Financial Bancorp. had a net margin of 26.49% and a return on equity of 11.22%. During the same quarter last year, the company earned $0.37 EPS. research analysts forecast that First Financial Bancorp. will post 1.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.43%. First Financial Bancorp.’s payout ratio is 43.04%.
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First Financial Bancorp. Profile
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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