Trade Report: Today, First Financial Bancorp (FFBC) To Go Ex-Dividend on November 30th

Today, First Financial Bancorp (FFBC) To Go Ex-Dividend on November 30th

First Financial Bancorp (NASDAQ:FFBC) announced a quarterly dividend on Tuesday, October 25th. Shareholders of record on Friday, December 2nd will be paid a dividend of 0.16 per share on Tuesday, January 3rd. This represents a $0.64 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Wednesday, November 30th.

Shares of First Financial Bancorp (NASDAQ:FFBC) opened at 26.70 on Friday. The stock has a market capitalization of $1.65 billion, a PE ratio of 19.49 and a beta of 1.07. First Financial Bancorp has a one year low of $13.76 and a one year high of $26.75. The firm has a 50 day moving average price of $22.52 and a 200 day moving average price of $21.07.

First Financial Bancorp (NASDAQ:FFBC) last announced its earnings results on Thursday, October 20th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. First Financial Bancorp had a return on equity of 10.17% and a net margin of 23.05%. During the same quarter in the previous year, the company earned $0.30 earnings per share. Analysts predict that First Financial Bancorp will post $1.42 earnings per share for the current fiscal year.

In other First Financial Bancorp news, Director Jeffrey D. Meyer sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $24.79, for a total transaction of $123,950.00. Following the completion of the sale, the director now owns 31,205 shares of the company’s stock, valued at $773,571.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William J. Kramer sold 2,700 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $21.60, for a total value of $58,320.00. Following the sale, the director now directly owns 4,314 shares of the company’s stock, valued at approximately $93,182.40. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its stake in First Financial Bancorp by 30.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,616,200 shares of the company’s stock valued at $50,886,000 after buying an additional 617,425 shares during the period. BlackRock Fund Advisors raised its position in First Financial Bancorp by 4.9% in the second quarter. BlackRock Fund Advisors now owns 4,046,332 shares of the company’s stock valued at $78,701,000 after buying an additional 190,106 shares in the last quarter. BlackRock Investment Management LLC raised its position in First Financial Bancorp by 6.0% in the second quarter. BlackRock Investment Management LLC now owns 278,292 shares of the company’s stock valued at $5,413,000 after buying an additional 15,826 shares in the last quarter. BlackRock Inc. raised its position in First Financial Bancorp by 342.3% in the second quarter. BlackRock Inc. now owns 18,672 shares of the company’s stock valued at $363,000 after buying an additional 14,450 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in First Financial Bancorp during the third quarter valued at approximately $302,000. 72.75% of the stock is owned by institutional investors.

A number of equities analysts have commented on FFBC shares. Zacks Investment Research raised First Financial Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, October 12th. Raymond James Financial Inc. cut First Financial Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, October 6th. Piper Jaffray Cos. started coverage on First Financial Bancorp in a report on Thursday, October 6th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, Barclays PLC increased their price target on First Financial Bancorp from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.81.

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