First Financial Bancorp. (NASDAQ:FFBC) is expected to pay $0.16 on Jan 3, 2017. The indicated annual dividend is $0.64. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on First Financial Bancorp.’s current price of $26.60, the dividend is 0.60%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 26, 2016. The stock decreased 0.37% or $0.1 during the last trading session, hitting $26.6. First Financial Bancorp (NASDAQ:FFBC) has risen 35.99% since April 26, 2016 and is uptrending. It has outperformed by 30.73% the S&P500.
First Financial Bancorp. is a regional bank holding company. The company has a market cap of $1.65 billion. 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). It has a 19.37 P/E ratio. The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.10, from 1.19 in 2016Q1. The ratio improved, as 10 funds sold all First Financial Bancorp shares owned while 47 reduced positions. 7 funds bought stakes while 61 increased positions. They now own 44.75 million shares or 1.82% less from 45.58 million shares in 2016Q1.
Prudential Fincl holds 450,505 shares or 0.01% of its portfolio. Chicago Equity Prns Llc holds 0.04% or 65,114 shares in its portfolio. Moreover, Federated Invsts Inc Pa has 0% invested in First Financial Bancorp (NASDAQ:FFBC) for 496 shares. Bnp Paribas Arbitrage holds 19,733 shares or 0% of its portfolio. Deutsche National Bank Ag owns 111,342 shares or 0% of their US portfolio. Spark Inv Ltd Limited Liability Company holds 19,200 shares or 0.03% of its portfolio. Blackrock Fund Advisors, a California-based fund reported 4.05M shares. Shoker Investment Counsel holds 0.96% of its portfolio in First Financial Bancorp (NASDAQ:FFBC) for 55,531 shares. Eagle Boston Inv Mgmt has 0.84% invested in the company for 317,948 shares. Citigroup Incorporated has 0% invested in the company for 13,077 shares. Blackrock Grp Ltd last reported 94,183 shares in the company. Moreover, Renaissance Limited Liability has 0.01% invested in First Financial Bancorp (NASDAQ:FFBC) for 317,300 shares. Ameriprise Fincl has 299,923 shares for 0% of their US portfolio. Summit Group Inc Ltd Llc accumulated 10,048 shares or 0.1% of the stock. Ubs Asset Mngmt Americas Inc has 38,201 shares for 0% of their US portfolio.
Insider Transactions: Since July 18, 2016, the stock had 24 insider buys, and 9 sales for $1.68 million net activity. 321 shares were bought by Neighbours John T, worth $6,530. Kuhl Shannon M sold $23,564 worth of stock or 1,100 shares. 215 shares were bought by MURPH KNAPKE, worth $4,590 on Tuesday, October 11. Shares for $276,140 were sold by stollings anthony m. kramer william j sold 2,700 shares worth $58,320. Rahe Maribeth S bought $7,914 worth of stock or 389 shares. 250 shares with value of $5,338 were bought by FINNERTY CORINNE R on Tuesday, October 11.
First Financial Bancorp (NASDAQ:FFBC) Ratings Coverage
Out of 9 analysts covering First Financial Bancorp (NASDAQ:FFBC), 2 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 22% are positive. First Financial Bancorp has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, January 25 by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, October 6 by Piper Jaffray. The rating was maintained by Barclays Capital on Monday, October 26 with “Underweight”. The firm has “Buy” rating given on Tuesday, January 26 by Sandler O’Neill. The firm earned “Outperform” rating on Friday, January 22 by FIG Partners. The stock of First Financial Bancorp (NASDAQ:FFBC) has “Outperform” rating given on Monday, January 25 by Keefe Bruyette & Woods. The stock of First Financial Bancorp (NASDAQ:FFBC) earned “Neutral” rating by PiperJaffray on Thursday, October 6. On Thursday, March 10 the stock rating was downgraded by Sandler O’Neill to “Hold”.
More recent First Financial Bancorp (NASDAQ:FFBC) news were published by: Prnewswire.com which released: “First Financial Bancorp. Declares Quarterly Cash Dividend” on October 25, 2016. Also Nasdaq.com published the news titled: “First Financial Bancorp (FFBC) Passes Through 3% Yield Mark” on October 27, 2016. Seekingalpha.com‘s news article titled: “First Financial Bancorp: Small Is Beautiful” with publication date: October 24, 2016 was also an interesting one.
FFBC Company Profile
First Financial Bancorp. (First Financial), incorporated on August 2, 1982, 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 includes commercial lending, real estate lending and consumer financing. In addition, First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers. First Financial’s Wealth Management division provides a range of trust and asset management services. The Firm operates approximately 110 banking centers. The Company’s operating markets are located within the three state regions of Ohio, Indiana, and Kentucky. First Financial operates over 60 banking centers in Ohio, approximately 40 banking centers in Indiana and over four banking centers in Kentucky. In addition, it operates its franchise lending business and its insurance lending business from non-banking center locations in New Jersey and Indiana.
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