This indicates that First Financial Bancorp. Will be able to sustain or increase its dividend. First Financial witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down… First Financial Bancorp.’s most recent quarterly dividend payment of $0.23 per share was made to shareholders on Wednesday, March 15, 2023. First Financial Bancorp.’s next quarterly dividend payment of $0.23 per share will be made to shareholders on Thursday, June 15, 2023.
Further, it provides a range of trust and wealth management services; and lease and equipment financing services. The company was founded in 1863 and is headquartered in Cincinnati, Ohio. First Financial Bancorp is a mid-sized, regional bank holding company. First Financial utilizes a community banking business model and serves a combination of metropolitan and non-metropolitan markets through full-service banking centers around Indiana, Ohio, and Kentucky.
Earnings per diluted share of $0.59; $0.61 on an adjusted basis Return on average assets of 1.35%; 1.40% on an adjusted basis Net interest margin on FTE basis of 3.98%; 53 bp increase from li… Please note that services listed under “Services available after Wednesday, April 6, 2022” below will continue to be available. The most recent change in the company’s dividend was an increase of $0.01 on Thursday, July 18, 2019. The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank would place in the bottom 1%.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues. WASHINGTON — The U.S. Treasury said Tuesday it will sell 465,117 warrants to purchase First Financial Bancorp common shares. The minimum bid is $4.00 when the auction begins on Wednesday.
Research & Ratings First Financial Bancorp (Ohio)(FFBC)
MCF Advisors LLC increased its stake in shares of First Financial Bancorp. MCF Advisors LLC now owns 4,722 shares of the bank’s stock worth $100,000 after buying an additional 3,513 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of First Financial Bancorp. During the fourth quarter worth approximately $110,000. Finally, Quantbot Technologies LP increased its stake in shares of First Financial Bancorp. Quantbot Technologies LP now owns 6,030 shares of the bank’s stock worth $116,000 after buying an additional 5,726 shares during the period.
Value investors frequently look for companies that have low price/book ratios. Real-time analyst ratings, insider transactions, earnings data, and more. According to 3 analysts, the average rating for FFBC stock is “Hold.” The 12-month stock price forecast is $24.0, which is an increase of 15.94% from the latest price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades.
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The why people buy stockly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- View analysts price targets for FFBC or view top-rated stocks among Wall Street analysts.
- Short interest in First Financial Bancorp.
- It pays a dividend yield of 4.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
- Over the past three years, the company’s dividend has grown by an average of 0.74% per year.
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First Financial Bancorp came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.46 per share a year ago. Represents the company’s profit divided by the outstanding shares of its common stock. Please note that all Yahoo! JAPAN services are accessible after this date if access is made from Japan. Over the past three years, the company’s dividend has grown by an average of 0.74% per year.
Learn more on FFBC’s dividend yield history. Enter your email address below to receive the DividendStocks.com newsletter, a concise daily summary of stocks that are about to go ex-dividend as well as new dividend announcements. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
According to analysts’ consensus price target of $24.00, First Financial Bancorp. Has a forecasted upside of 15.9% from its current price of $20.70. Other market data may be delayed by 15 minutes or more. Earnings per diluted share of $0.74; $0.76 on an adjusted basis, 65% increase YoY Return on average assets of 1.69%; 1.72% on an adjusted basis Record quarterly revenue of $214.9 million Net int… A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The technique has proven to be very useful for finding positive surprises.
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 accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. In addition, the company offers commercial financing to the insurance industry, registered investment advisors, certified public accountants, indirect auto finance companies, and restaurant franchisees.
Should you invest $1,000 in First Financial Bancorp. right now?
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In a research note on Thursday, March 16th. Stephens restated an “equal weight” rating and set a $24.00 target price on shares of First Financial Bancorp. In a research note on Friday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price target on First Financial Bancorp. From $26.00 to $23.00 and set a “market perform” rating for the company in a report on Thursday, April 6th. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
These are established companies that reliably pay dividends. 3 equities research analysts have issued twelve-month target prices for First Financial Bancorp.’s shares. Their FFBC share price forecasts range from $23.00 to $25.00. On average, they predict the company’s stock price to reach $24.00 in the next twelve months.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
About First Financial Bancorp. (NASDAQ:FFBC) Stock
This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This news sentiment score is similar to the average news sentiment of Finance companies. It pays a dividend yield of 4.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in First Financial Bancorp. During the second quarter worth about $82,000. Wipfli Financial Advisors LLC purchased a new stake in shares of First Financial Bancorp. During the third quarter worth approximately $92,000.
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- The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades.
- FFBC has a forward dividend yield of 4.44%.SeeFFBC’s full dividends and stock split historyon the Dividend tab.
- News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” FFBC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FFBC, but not buy additional shares or sell existing shares. View FFBC analyst ratings or view top-rated stocks. It also provides real estate loans secured by residential property, such as one to four family residential housing units or commercial property comprising owner-o… The Company is engaged in the business of commercial banking, other banking and banking-related activities through its subsidiary, First Financial Bank .