November 30, 2016 - By Adrian Mccoy
First Financial Bancorp SVP – Chief Legal Officer & Sec Shannon Kuhl on the November 30, 2016 sold a total of 104 shares of the stock exchange listed company with market value around $2,772 U.S. Dollars. This is based on an average market stock price per share of $26.7 U.S. Dollars. At present, she possess 11,652 shares or 0.02% of the company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).
Out of 9 analysts covering First Financial Bancorp (NASDAQ:FFBC), 2 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 22% are positive. $23 is the highest target while $17 is the lowest. The $20 average target is -26.87% below today’s ($27.35) stock price. First Financial Bancorp has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, January 25. The stock of First Financial Bancorp (NASDAQ:FFBC) earned “Outperform” rating by FIG Partners on Friday, January 22. The firm has “Neutral” rating by PiperJaffray given on Thursday, October 6. The stock of First Financial Bancorp (NASDAQ:FFBC) has “Buy” rating given on Tuesday, January 26 by Sandler O’Neill. Piper Jaffray initiated First Financial Bancorp (NASDAQ:FFBC) rating on Thursday, October 6. Piper Jaffray has “Neutral” rating and $23 price target. The stock has “Hold” rating given by Sandler O’Neill on Thursday, March 10. The firm has “Outperform” rating given on Monday, January 25 by Keefe Bruyette & Woods. The firm has “Underweight” rating given on Monday, October 26 by Barclays Capital.
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.10, from 1.19 in 2016Q1. The ratio improved, as 10 funds sold all First Financial Bancorp shares owned while 47 reduced positions. 7 funds bought stakes while 61 increased positions. They now own 44.75 million shares or 1.82% less from 45.58 million shares in 2016Q1.
Kessler Group Inc Limited Liability accumulated 0.03% or 1,037 shares. Moreover, Dean Mngmt has 1.77% invested in First Financial Bancorp (NASDAQ:FFBC) for 66,385 shares. Mcf Advsr Limited Liability accumulated 500 shares or 0% of the stock. Eagle Asset Management last reported 0.06% of its portfolio in the stock. Alliancebernstein L P has 103,772 shares for 0% of their US portfolio. Fifth Third Bancorporation, a Ohio-based fund reported 1,542 shares. The Massachusetts-based State Street has invested 0% in First Financial Bancorp (NASDAQ:FFBC). Moreover, Paradigm Asset Mngmt Limited Liability Company has 0% invested in First Financial Bancorp (NASDAQ:FFBC) for 1,300 shares. Principal Fin Gp Inc owns 447,957 shares or 0.01% of their US portfolio. Dimensional Fund Advsr L P holds 2.83M shares or 0.03% of its portfolio. Us Bankshares De last reported 0.02% of its portfolio in the stock. Eagle Boston Management last reported 0.84% of its portfolio in the stock. Int Group Inc holds 0% or 45,708 shares in its portfolio. Swiss Comml Bank has invested 0% of its portfolio in First Financial Bancorp (NASDAQ:FFBC). Prudential Financial reported 450,505 shares or 0.01% of all its holdings.
Insider Transactions: Since July 18, 2016, the stock had 24 insider purchases, and 9 selling transactions for $1.68 million net activity. The insider MURPH KNAPKE bought 228 shares worth $4,638. Another trade for 2,021 shares valued at $44,142 was sold by Foster Holly M. Rahe Maribeth S bought 389 shares worth $7,914. kramer william j sold $58,320 worth of stock or 2,700 shares. 234 shares were bought by PURKRABEK KNUST SUSAN L, worth $4,760. $2,135 worth of shares were bought by Ach J Wickliffe on Tuesday, October 11. FINNERTY CORINNE R bought 264 shares worth $5,371.
About 100 shares traded hands. First Financial Bancorp (NASDAQ:FFBC) has risen 38.86% since April 27, 2016 and is uptrending. It has outperformed by 33.63% the S&P500.
First Financial Bancorp. is a regional bank holding company. The company has a market cap of $1.74 billion. 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). It has a 19.92 P/E ratio. The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
According to Zacks Investment Research, “First Financial Bancorp., is a financial holding company that engages in the business of commercial banking, and other permissible activities that are financial in nature, through seventeen wholly owned subsidiary institutions. Bancorp provides management and similar services for its subsidiary financial institutions. Bancorp must depend largely upon its seventeen subsidiaries for funds with which to pay the expenses of its operation and, to the extent applicable, any dividends on its outstanding shares of stock.”
Analysts await First Financial Bancorp (NASDAQ:FFBC) to report earnings on January, 19. They expect $0.36 EPS, up 12.50% or $0.04 from last year’s $0.32 per share. FFBC’s profit will be $22.90 million for 18.99 P/E if the $0.36 EPS becomes a reality. After $0.37 actual EPS reported by First Financial Bancorp for the previous quarter, Wall Street now forecasts -2.70% negative EPS growth.
More recent First Financial Bancorp (NASDAQ:FFBC) news were published by: Prnewswire.com which released: “First Financial Bancorp. Declares Quarterly Cash Dividend” on October 25, 2016. Also Nasdaq.com published the news titled: “First Financial Bancorp (FFBC) Passes Through 3% Yield Mark” on October 27, 2016. Seekingalpha.com‘s news article titled: “First Financial Bancorp: Small Is Beautiful” with publication date: October 24, 2016 was also an interesting one.
First Financial Bancorp. (First Financial), incorporated on August 2, 1982, 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 includes commercial lending, real estate lending and consumer financing. In addition, First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers. First Financial’s Wealth Management division provides a range of trust and asset management services. The Firm operates approximately 110 banking centers. The Company’s operating markets are located within the three state regions of Ohio, Indiana, and Kentucky. First Financial operates over 60 banking centers in Ohio, approximately 40 banking centers in Indiana and over four banking centers in Kentucky. In addition, it operates its franchise lending business and its insurance lending business from non-banking center locations in New Jersey and Indiana.
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By Adrian Mccoy