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1 week Ago By ABMN Staff
Norges Bank purchased a new stake in shares of First Financial Bancorp. ( NASDAQ:FFBC – Free Report ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 291,167 shares of the bank’s stock, valued at approximately $7,827,000.
Norges Bank owned 0.30% of First Financial Bancorp. as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in First Financial Bancorp. during the third quarter valued at $30,000.
ORG Partners LLC bought a new position in First Financial Bancorp. during the 4th quarter valued at about $35,000. Allworth Financial LP purchased a new stake in First Financial Bancorp.
in the 4th quarter worth about $44,000. Smartleaf Asset Management LLC lifted its stake in First Financial Bancorp. by 221.
9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,717 shares of the bank’s stock worth $73,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Kentucky Trust Co purchased a new position in shares of First Financial Bancorp.
during the fourth quarter valued at approximately $76,000. 77.23% of the stock is currently owned by institutional investors.
First Financial Bancorp. Stock Performance First Financial Bancorp. stock opened at $22.
10 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.
90 and a current ratio of 0.90. The company has a market capitalization of $2.
11 billion, a PE ratio of 9.21 and a beta of 0.85.
The company has a 50 day moving average price of $26.03 and a 200-day moving average price of $26.75.
First Financial Bancorp. has a fifty-two week low of $20.59 and a fifty-two week high of $31.
18. First Financial Bancorp. Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Shareholders of record on Monday, March 3rd were given a dividend of $0.24 per share. This represents a $0.
96 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Monday, March 3rd.
First Financial Bancorp.’s dividend payout ratio (DPR) is 40.00%.
Analyst Ratings Changes Several equities research analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $33.00 price target on shares of First Financial Bancorp.
in a report on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on First Financial Bancorp. from $31.
00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $30.
00 target price on shares of First Financial Bancorp. in a research note on Monday, January 27th. Read Our Latest Report on FFBC Insider Activity In related news, insider James R.
Shank sold 7,600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 11,141 shares of the company’s stock, valued at $277,633.72.
The trade was a 40.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website .
Company 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.
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