Mutual of America Capital Management LLC Increases Stock Holdings in First Financial Bancorp. (NASDAQ:FFBC)

Mutual of America Capital Management LLC boosted its position in First Financial Bancorp. (NASDAQ:FFBCGet Rating) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,566 shares of the bank’s stock after purchasing an additional 758 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Financial Bancorp. were worth $313,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its stake in First Financial Bancorp. by 156.9% in the 4th quarter. Qube Research & Technologies Ltd now owns 33,010 shares of the bank’s stock valued at $805,000 after purchasing an additional 20,161 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in First Financial Bancorp. by 12.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 74,974 shares of the bank’s stock valued at $1,828,000 after purchasing an additional 8,168 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in First Financial Bancorp. by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 868,675 shares of the bank’s stock valued at $21,178,000 after purchasing an additional 4,579 shares during the last quarter. Kestra Advisory Services LLC raised its stake in First Financial Bancorp. by 13.7% in the 1st quarter. Kestra Advisory Services LLC now owns 10,245 shares of the bank’s stock valued at $236,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Barclays PLC raised its stake in First Financial Bancorp. by 42.0% in the 4th quarter. Barclays PLC now owns 187,742 shares of the bank’s stock valued at $4,577,000 after purchasing an additional 55,561 shares during the last quarter. 74.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens raised their target price on First Financial Bancorp. to $25.00 in a research note on Monday, July 25th.

First Financial Bancorp. Stock Up 0.4 %

Shares of FFBC opened at $22.43 on Tuesday. First Financial Bancorp. has a 52-week low of $18.75 and a 52-week high of $26.83. The company has a market capitalization of $2.12 billion, a PE ratio of 10.60 and a beta of 1.08. The stock has a fifty day simple moving average of $20.32 and a two-hundred day simple moving average of $22.31. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.61.

First Financial Bancorp. (NASDAQ:FFBCGet Rating) last issued its earnings results on Thursday, July 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. First Financial Bancorp. had a return on equity of 9.61% and a net margin of 30.36%. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, equities analysts forecast that First Financial Bancorp. will post 2.17 EPS for the current year.

First Financial Bancorp. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Wednesday, August 31st. First Financial Bancorp.’s dividend payout ratio (DPR) is presently 43.40%.

Insider Transactions at First Financial Bancorp.

In other news, Director William G. Barron sold 3,500 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $20.13, for a total transaction of $70,455.00. Following the completion of the transaction, the director now directly owns 80,796 shares in the company, valued at approximately $1,626,423.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.11% of the company’s stock.

About First Financial Bancorp.

(Get Rating)

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 accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers.

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Institutional Ownership by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

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