First Financial Bancorp (NASDAQ:FFBC) Getting Somewhat Positive Media Coverage, Study Finds

Media coverage about First Financial Bancorp (NASDAQ:FFBC) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Financial Bancorp earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.7114071473575 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

FFBC has been the subject of a number of recent research reports. Barclays cut their target price on First Financial Bancorp from $32.00 to $31.00 and set a “$31.40” rating for the company in a research note on Monday, July 23rd. BidaskClub upgraded First Financial Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Sandler O’Neill reiterated a “buy” rating and set a $34.00 price target on shares of First Financial Bancorp in a report on Friday, April 20th. Zacks Investment Research upgraded First Financial Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Tuesday, April 24th. Finally, ValuEngine upgraded First Financial Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.67.

Shares of First Financial Bancorp opened at $31.05 on Friday, MarketBeat reports. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.78. First Financial Bancorp has a twelve month low of $22.80 and a twelve month high of $33.70. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.41 and a beta of 1.05.

First Financial Bancorp (NASDAQ:FFBC) last posted its quarterly earnings results on Thursday, July 19th. The bank reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $152.20 million for the quarter, compared to the consensus estimate of $147.77 million. First Financial Bancorp had a return on equity of 12.13% and a net margin of 25.41%. The company’s revenue for the quarter was up 77.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. equities analysts expect that First Financial Bancorp will post 2.2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Monday, September 3rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. This is an increase from First Financial Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, August 30th. First Financial Bancorp’s payout ratio is presently 47.20%.

In other First Financial Bancorp news, Director John T. Neighbours sold 850 shares of the company’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $32.50, for a total transaction of $27,625.00. Following the completion of the sale, the director now directly owns 8,026 shares in the company, valued at $260,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vince Berta purchased 1,500 shares of the company’s stock in a transaction on Tuesday, July 31st. The shares were purchased at an average price of $29.95 per share, with a total value of $44,925.00. Following the completion of the purchase, the director now directly owns 6,527 shares of the company’s stock, valued at $195,483.65. The disclosure for this purchase can be found here. 3.36% of the stock is currently owned by insiders.

First Financial Bancorp Company Profile

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and other banking, and banking-related services to individuals and businesses in Ohio, Indiana, and Kentucky. 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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