First Financial Bancorp (NASDAQ:FFBC) released its quarterly earnings results on Thursday. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05, Bloomberg Earnings reports. First Financial Bancorp had a net margin of 26.49% and a return on equity of 11.22%. During the same period last year, the firm earned $0.38 EPS.
First Financial Bancorp (NASDAQ:FFBC) opened at $27.75 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $1,734.58, a P/E ratio of 17.56, a P/E/G ratio of 1.43 and a beta of 1.17. First Financial Bancorp has a one year low of $22.80 and a one year high of $29.40.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, November 30th. First Financial Bancorp’s payout ratio is 43.04%.
Several analysts have recently commented on the stock. Barclays increased their price target on shares of First Financial Bancorp from $27.00 to $30.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. BidaskClub lowered shares of First Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Zacks Investment Research upgraded shares of First Financial Bancorp from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 24th. Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 price target on shares of First Financial Bancorp in a research report on Friday, October 20th. Finally, Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp and gave the company a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $29.38.
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About First Financial Bancorp
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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