First Financial Bancorp. (NASDAQ:FFBC) Share Price Crosses Above Two Hundred Day Moving Average of $21.57

First Financial Bancorp. (NASDAQ:FFBCGet Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.57 and traded as high as $22.44. First Financial Bancorp. shares last traded at $21.96, with a volume of 264,817 shares trading hands.

Analyst Ratings Changes

Separately, Stephens lifted their price target on shares of First Financial Bancorp. to $26.00 in a research report on Tuesday, August 23rd.

First Financial Bancorp. Stock Down 1.3 %

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 10.36 and a beta of 1.06. The business’s fifty day moving average is $22.06 and its two-hundred day moving average is $21.57.

First Financial Bancorp. (NASDAQ:FFBCGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. First Financial Bancorp. had a net margin of 30.36% and a return on equity of 9.61%. During the same period in the previous year, the company earned $0.58 earnings per share. Equities analysts forecast that First Financial Bancorp. will post 2.23 earnings per share for the current fiscal year.

First Financial Bancorp. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.19%. The ex-dividend date was Wednesday, August 31st. First Financial Bancorp.’s dividend payout ratio (DPR) is presently 43.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hancock Whitney Corp grew its holdings in First Financial Bancorp. by 15.2% during the 1st quarter. Hancock Whitney Corp now owns 29,720 shares of the bank’s stock worth $685,000 after acquiring an additional 3,916 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in First Financial Bancorp. by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 868,675 shares of the bank’s stock worth $21,178,000 after acquiring an additional 4,579 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of First Financial Bancorp. by 5.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 13,566 shares of the bank’s stock worth $313,000 after buying an additional 758 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of First Financial Bancorp. by 13.7% during the 1st quarter. Kestra Advisory Services LLC now owns 10,245 shares of the bank’s stock worth $236,000 after buying an additional 1,235 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of First Financial Bancorp. by 42.0% during the 4th quarter. Barclays PLC now owns 187,742 shares of the bank’s stock worth $4,577,000 after buying an additional 55,561 shares during the last quarter. Institutional investors and hedge funds own 73.82% 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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