First Financial Bancorp. (FFBC) To Go Ex-Dividend on December 2nd

First Financial Bancorp. (NASDAQ:FFBC) announced a quarterly dividend on Tuesday, October 22nd,RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.24 per share by the bank on Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, December 2nd.

First Financial Bancorp. has a dividend payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Financial Bancorp. to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 38.7%.

First Financial Bancorp. Trading Down 0.6 %

Shares of FFBC stock opened at $29.53 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91. First Financial Bancorp. has a fifty-two week low of $20.07 and a fifty-two week high of $31.18. The company has a market cap of $2.82 billion, a PE ratio of 12.66 and a beta of 0.99. The stock’s fifty day moving average price is $26.58 and its two-hundred day moving average price is $24.86.

First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.67 earnings per share for the quarter, beating 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 the consensus estimate of $214.00 million. During the same quarter last year, the business posted $0.67 EPS. Equities analysts predict that First Financial Bancorp. will post 2.53 EPS for the current fiscal year.

Insider Activity at First Financial Bancorp.

In other First Financial Bancorp. news, insider Richard S. Dennen sold 4,068 shares of First Financial Bancorp. stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $30.01, for a total transaction of $122,080.68. Following the transaction, the insider now directly owns 70,652 shares of the company’s stock, valued at approximately $2,120,266.52. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott T. Crawley sold 3,000 shares of First Financial Bancorp. stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.31, for a total value of $87,930.00. Following the transaction, the insider now directly owns 19,279 shares in the company, valued at $565,067.49. The trade was a 13.47 % 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 valued at $335,429 in the last 90 days. 2.04% of the stock is owned by corporate insiders.

About First Financial Bancorp.

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.