First Financial Bancorp (NASDAQ:FFBC) released its quarterly earnings results on Thursday. The bank reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. First Financial Bancorp had a net margin of 23.57% and a return on equity of 10.42%. During the same period in the prior year, the firm earned $0.32 EPS.
Shares of First Financial Bancorp (NASDAQ:FFBC) traded up 3.20% during midday trading on Thursday, reaching $27.40. 244,152 shares of the company’s stock were exchanged. First Financial Bancorp has a 12 month low of $18.00 and a 12 month high of $29.80. The company has a market cap of $1.70 billion, a P/E ratio of 19.16 and a beta of 1.18. The firm has a 50 day moving average price of $27.16 and a 200 day moving average price of $26.27.
A number of brokerages have issued reports on FFBC. Zacks Investment Research upgraded shares of First Financial Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 price objective on shares of First Financial Bancorp in a research note on Monday, April 10th. Finally, DA Davidson began coverage on shares of First Financial Bancorp in a research note on Thursday, March 23rd. They set a “buy” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. First Financial Bancorp presently has an average rating of “Hold” and a consensus target price of $26.17.
First Financial Bancorp Company Profile
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
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