First Financial Bancorp. (FFBC) to Release Quarterly Earnings on Thursday

First Financial Bancorp. (NASDAQ:FFBCGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, April 21st. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

First Financial Bancorp. (NASDAQ:FFBCGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The bank reported $0.58 EPS for the quarter. First Financial Bancorp. had a net margin of 31.33% and a return on equity of 9.77%. The firm had revenue of $156.47 million for the quarter, compared to analysts’ expectations of $153.44 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, analysts expect First Financial Bancorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ:FFBC opened at $22.01 on Thursday. The company’s 50 day moving average price is $24.00 and its 200-day moving average price is $24.32. First Financial Bancorp. has a 52 week low of $21.25 and a 52 week high of $26.83. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 10.33 and a beta of 1.04.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $0.92 dividend on an annualized basis and a yield of 4.18%. First Financial Bancorp.’s dividend payout ratio (DPR) is 43.19%.

A number of brokerages recently weighed in on FFBC. Zacks Investment Research downgraded shares of First Financial Bancorp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 8th. StockNews.com began coverage on shares of First Financial Bancorp. in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in First Financial Bancorp. by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,141,356 shares of the bank’s stock worth $27,826,000 after acquiring an additional 13,938 shares during the period. Goldman Sachs Group Inc. raised its position in shares of First Financial Bancorp. by 143.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 932,110 shares of the bank’s stock valued at $22,725,000 after purchasing an additional 549,759 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of First Financial Bancorp. by 4.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 407,191 shares of the bank’s stock valued at $9,927,000 after purchasing an additional 17,950 shares during the period. Morgan Stanley raised its position in shares of First Financial Bancorp. by 6.8% during the 3rd quarter. Morgan Stanley now owns 382,889 shares of the bank’s stock valued at $8,963,000 after purchasing an additional 24,470 shares during the period. Finally, Legal & General Group Plc raised its position in shares of First Financial Bancorp. by 1.5% during the 4th quarter. Legal & General Group Plc now owns 267,041 shares of the bank’s stock valued at $6,511,000 after purchasing an additional 3,991 shares during the period. Institutional investors and hedge funds own 72.64% 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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Earnings History for First Financial Bancorp. (NASDAQ:FFBC)

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