Equities research analysts expect that First Financial Bancorp. (NASDAQ:FFBC – Get Rating) will post sales of $160.80 million for the current quarter, according to Zacks. Two analysts have provided estimates for First Financial Bancorp.’s earnings. The highest sales estimate is $165.60 million and the lowest is $156.00 million. First Financial Bancorp. posted sales of $158.63 million during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that First Financial Bancorp. will report full-year sales of $648.05 million for the current year, with estimates ranging from $639.00 million to $657.10 million. For the next year, analysts anticipate that the firm will report sales of $705.35 million, with estimates ranging from $685.00 million to $725.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover First Financial Bancorp..
First Financial Bancorp. (NASDAQ:FFBC – Get Rating) last posted its quarterly earnings results on Thursday, April 21st. The bank reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. First Financial Bancorp. had a return on equity of 9.51% and a net margin of 30.78%. During the same quarter in the prior year, the business posted $0.50 earnings per share.
In related news, Director Vince Berta acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The shares were acquired at an average price of $20.99 per share, with a total value of $41,980.00. Following the acquisition, the director now owns 27,494 shares of the company’s stock, valued at approximately $577,099.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd increased its position in shares of First Financial Bancorp. by 156.9% during the 4th quarter. Qube Research & Technologies Ltd now owns 33,010 shares of the bank’s stock valued at $805,000 after purchasing an additional 20,161 shares during the last quarter. Advisor Partners LLC increased its position in shares of First Financial Bancorp. by 4.3% during the 4th quarter. Advisor Partners LLC now owns 13,708 shares of the bank’s stock valued at $335,000 after purchasing an additional 570 shares during the last quarter. Eagle Ridge Investment Management bought a new position in shares of First Financial Bancorp. during the 4th quarter valued at about $203,000. Richard Bernstein Advisors LLC increased its position in shares of First Financial Bancorp. by 6.0% during the 3rd quarter. Richard Bernstein Advisors LLC now owns 172,590 shares of the bank’s stock valued at $4,040,000 after purchasing an additional 9,791 shares during the last quarter. Finally, Resources Management Corp CT ADV increased its position in shares of First Financial Bancorp. by 4.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 21,715 shares of the bank’s stock valued at $508,000 after purchasing an additional 900 shares during the last quarter. 72.64% of the stock is currently owned by hedge funds and other institutional investors.
FFBC stock opened at $20.60 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.78 and a current ratio of 0.79. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.86 and a beta of 1.04. First Financial Bancorp. has a fifty-two week low of $20.52 and a fifty-two week high of $26.83. The stock has a fifty day moving average of $23.29 and a 200-day moving average of $24.24.
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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