First Financial Bancorp. (FFBC) Projected to Post Earnings on Thursday

First Financial Bancorp. (NASDAQ:FFBC) is anticipated to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect First Financial Bancorp. to post earnings of $0.65 per share and revenue of $216,325.00 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

First Financial Bancorp. (NASDAQ:FFBC) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. First Financial Bancorp. had a return on equity of 10.32% and a net margin of 18.55%. The company had revenue of $302.82 million for the quarter, compared to analysts’ expectations of $214.00 million. During the same period in the previous year, the firm posted $0.67 EPS. On average, analysts expect First Financial Bancorp. to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Financial Bancorp. Price Performance

Shares of First Financial Bancorp. stock opened at $27.95 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $28.15 and a two-hundred day simple moving average of $26.38. The stock has a market capitalization of $2.67 billion, a P/E ratio of 12.05 and a beta of 1.02. First Financial Bancorp. has a 12 month low of $20.59 and a 12 month high of $31.18.

Insider Transactions at First Financial Bancorp.

In other First Financial Bancorp. news, insider James R. Shank sold 3,700 shares of First Financial Bancorp. stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $26.34, for a total value of $97,458.00. Following the sale, the insider now owns 15,374 shares in the company, valued at $404,951.16. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard S. Dennen sold 4,068 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $30.01, for a total value of $122,080.68. Following the transaction, the insider now owns 70,652 shares of the company’s stock, valued at approximately $2,120,266.52. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,700 shares of company stock worth $335,429 in the last quarter. Company insiders own 2.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of First Financial Bancorp. from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens raised shares of First Financial Bancorp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th.

First Financial Bancorp. Company Profile

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.