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KLP Kapitalforvaltning AS acquired a new position in shares of First Financial Bancorp. ( NASDAQ:FFBC – Free Report ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,413 shares of the bank’s stock, valued at approximately $549,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in First Financial Bancorp.
by 4.3% during the 3rd quarter. Principal Financial Group Inc.
now owns 491,232 shares of the bank’s stock worth $12,394,000 after acquiring an additional 20,449 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of First Financial Bancorp.
in the fourth quarter worth about $273,000. Geode Capital Management LLC lifted its holdings in shares of First Financial Bancorp. by 1.
6% during the third quarter. Geode Capital Management LLC now owns 2,271,990 shares of the bank’s stock worth $57,333,000 after purchasing an additional 34,977 shares during the period. Citigroup Inc.
boosted its position in First Financial Bancorp. by 25.2% in the third quarter.
Citigroup Inc. now owns 166,170 shares of the bank’s stock valued at $4,192,000 after buying an additional 33,464 shares during the last quarter. Finally, State Street Corp increased its holdings in First Financial Bancorp.
by 0.9% in the 3rd quarter. State Street Corp now owns 4,643,440 shares of the bank’s stock worth $117,154,000 after buying an additional 39,655 shares during the period.
77.23% of the stock is currently owned by institutional investors and hedge funds. First Financial Bancorp.
Stock Performance FFBC opened at $25.10 on Thursday. The firm has a fifty day moving average price of $26.
59 and a 200 day moving average price of $26.87. First Financial Bancorp.
has a 1 year low of $20.59 and a 1 year high of $31.18.
The stock has a market cap of $2.40 billion, a P/E ratio of 10.46 and a beta of 0.
85. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.
90 and a quick ratio of 0.90. First Financial Bancorp.
Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.24 dividend.
The ex-dividend date was Monday, March 3rd. This represents a $0.96 annualized dividend and a dividend yield of 3.
82%. First Financial Bancorp.’s dividend payout ratio (DPR) is presently 40.
00%. Analyst Upgrades and Downgrades A number of equities analysts have issued reports on FFBC shares. Stephens reissued an “overweight” rating and set a $33.
00 price target on shares of First Financial Bancorp. in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bancorp.
from $31.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, January 27th.
Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of First Financial Bancorp. in a research report on Monday, January 27th.
Check Out Our Latest Analysis on FFBC Insider Transactions at First Financial Bancorp. In related news, insider James R. Shank sold 7,600 shares of the company’s stock in a transaction dated Wednesday, March 19th.
The shares were sold at an average price of $24.92, for a total value of $189,392.00.
Following the completion of the sale, the insider now owns 11,141 shares of the company’s stock, valued at approximately $277,633.72. This represents a 40.
55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link . Corporate insiders own 2.
04% of the company’s stock. First Financial Bancorp. Company 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. Featured Stories Want to see what other hedge funds are holding FFBC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Financial Bancorp. ( NASDAQ:FFBC – Free Report ). Receive News & Ratings for First Financial Bancorp.
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