Franklin Resources Inc. Has $1.19 Million Stock Holdings in First Financial Bancorp. (NASDAQ:FFBC)

Franklin Resources Inc. lowered its position in shares of First Financial Bancorp. (NASDAQ:FFBC – Free Report) by 33.

8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,437 shares of the bank’s stock after selling 22,738 shares during the quarter. Franklin Resources Inc.



’s holdings in First Financial Bancorp. were worth $1,194,000 at the end of the most recent quarter. Other institutional investors have also recently added to or reduced their stakes in the company.

Commonwealth Equity Services LLC grew its holdings in First Financial Bancorp. by 3.8% during the 4th quarter.

Commonwealth Equity Services LLC now owns 12,269 shares of the bank’s stock worth $330,000 after acquiring an additional 453 shares during the last quarter. Blue Trust Inc. lifted its position in First Financial Bancorp.

by 11.3% during the 4th quarter. Blue Trust Inc.

now owns 9,340 shares of the bank’s stock valued at $236,000 after purchasing an additional 945 shares during the period. Swiss National Bank boosted its stake in shares of First Financial Bancorp. by 0.

7% in the 4th quarter. Swiss National Bank now owns 187,743 shares of the bank’s stock valued at $5,047,000 after purchasing an additional 1,300 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of First Financial Bancorp.

during the 4th quarter worth approximately $35,000. Finally, QRG Capital Management Inc. raised its stake in shares of First Financial Bancorp.

by 4.3% during the fourth quarter. QRG Capital Management Inc.

now owns 37,505 shares of the bank’s stock worth $1,008,000 after buying an additional 1,537 shares during the last quarter. 77.23% of the stock is owned by institutional investors.

Insider ActivityIn related news, insider James R. Shank sold 7,600 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.

92, for a total value of $189,392.00. Following the sale, the insider now directly owns 11,141 shares of the company’s stock, valued at approximately $277,633.

72. The trade was a 40.55 % decrease in their position.

The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.04% of the company’s stock.

Analyst Ratings ChangesFFBC has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price objective on shares of First Financial Bancorp.

in a research note on Monday, January 27th. Stephens reiterated an “overweight” rating and issued a $33.00 price objective on shares of First Financial Bancorp.

in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on First Financial Bancorp. from $31.

00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, January 27th.Check Out Our Latest Research Report on FFBCFirst Financial Bancorp.

Trading Up 1.7 %Shares of NASDAQ FFBC opened at $22.49 on Wednesday.

First Financial Bancorp. has a twelve month low of $20.59 and a twelve month high of $31.

18. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 9.

37 and a beta of 0.85. The company has a quick ratio of 0.

90, a current ratio of 0.90 and a debt-to-equity ratio of 0.40.

The company’s fifty day moving average is $25.36 and its 200-day moving average is $26.64.

First Financial Bancorp. (NASDAQ:FFBC – Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $0.

71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06.

First Financial Bancorp. had a return on equity of 10.52% and a net margin of 18.

67%. Equities research analysts predict that First Financial Bancorp. will post 2.

64 EPS for the current year. First Financial Bancorp. Announces DividendThe business also recently announced a quarterly dividend, which was paid on Monday, March 17th.

Shareholders of record on Monday, March 3rd were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 3rd.

This represents a $0.96 annualized dividend and a yield of 4.27%.

First Financial Bancorp.’s dividend payout ratio (DPR) is currently 40.00%.

First Financial Bancorp. Profile (Free Report)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 offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.Read MoreFive stocks we like better than First Financial Bancorp.How to start investing in penny stocksBeware of BigBear.

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