Economy

First Financial Bancorp. (NASDAQ:FFBC) Under Analyst Spotlight

The company has market cap of $31.52 billion. The company has market cap of 333.04 million GBP. BlackRock Inc. now owns 7,672,717 shares of the bank's stock worth $210,616,000 after purchasing an additional 7,656,383 shares in the last quarter. About 524 shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since October 11, 2016 and is downtrending. The Illinois-based Northern Trust Corp has invested 0% in First Bancorp (NASDAQ:FBNC). First Financial is involved in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). First Bancorp has a 52-week low of 19.18 and a 52-week high of 35.90. The dividend payment was $0.170 per share for the quarter or $0.68 annualized. It is down 47.69% since October 10, 2016 and is uptrending. It has outperformed by 17.16% the S&P500.

Investors sentiment decreased to 1.07 in Q2 2017. Its up 0.65, from 1.08 in 2017Q1. Panagora Asset invested in 0.01% or 108,248 shares. 24 funds opened positions while 45 raised stakes. Ameritas Inv Prtnrs Inc holds 2,149 shares or 0% of its portfolio. Wells Fargo & Mn has invested 0% in First Bancorp (NASDAQ:FBNC). 784,180 are held by Mendon Advisors Corp. JPMorgan Chase & Co. lifted its position in shares of First Financial Bancorp.by 4.2% in the second quarter.

The share price of the company (NASDAQ:FFBC) was up +0.95%, with a high of 26.65 during the day and the volume of First Financial Bancorp. shares traded was 187117. Livingston Grp Asset Mngmt (Operating As Southport Cap Management) holds 0.49% of its portfolio in First Bancorp (NASDAQ:FBNC) for 35,714 shares. Creative Planning holds 15,756 shares. 377,033 were accumulated by Renaissance Tech Limited Liability Company. Finally, ValuEngine lowered shares of First Financial Bancorp. from a "buy" rating to a "hold" rating in a research note on Friday, September 1st. Moreover, Putnam Investments Lc has 0.01% invested in First Bancorp (NASDAQ:FBNC) for 85,355 shares. State Common Retirement Fund has invested 0% in First Bancorp (NASDAQ:FBNC). Minnesota-based Us Bancorp De has invested 0% in First Bancorp (NASDAQ:FBNC).

08/27/2014 - Drexel Hamilton began new coverage on First Financial Bancorp. giving the company a "hold" rating. They expect $0.63 EPS, up 21.15% or $0.11 from last year's $0.52 per share. FBNC's profit would be $11.85 million giving it 18.49 P/E if the $0.48 EPS is correct. The bank reported $0.37 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.38 by ($0.01). This dividend represents a yield of $2.71 which is the dividend as a percentage of the current share price. CREDLE ERIC P also bought $29,890 worth of First Bancorp (NASDAQ:FBNC) shares. Mayer Michael Goodwin bought $14,495 worth of stock. Vanguard Group Inc owns 5.71M shares. SG Americas Securities LLC increased its holdings in shares of First Financial Bancorp.by 16.6% during the 1st quarter. Equities analysts expect that S & T Bancorp will post $2.24 EPS for the current year. Therefore 71% are positive. Zacks upgraded First Bancorp (NASDAQ:FBNC) on Tuesday, August 11 to "Sell" rating. "(FFBC) Rating Increased to Hold at Zacks Investment Research" was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. The firm has "Buy" rating by Keefe Bruyette & Woods given on Monday, June 26.

Among 8 analysts covering First Bancorp (NASDAQ:FBNC), 4 have Buy rating, 1 Sell and 3 Hold. Stifel Nicolaus has "Market Perform" rating and $20 target. The firm has "Neutral" rating by PiperJaffray given on Thursday, October 6. Sandler O'Neill raised shares of First Financial Bancorp. from a hold rating to a buy rating and raised their price target for the company from $28.00 to $29.00 in a research note on Friday, July 28th. On Tuesday, April 25 the stock rating was maintained by Berenberg with "Buy". On Tuesday, August 23 the stock rating was upgraded by Keefe Bruyette & Woods to "Outperform".

More notable recent First Bancorp (NASDAQ:FBNC) news were published by: Globenewswire.com which released: "First Bank Announces Third Nonprofit Partner for "Dream It".

First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%.

According to Zacks, "First Financial Bancorp., is a financial holding company that engages in the business of commercial banking, and other permissible activities that are financial in nature, through seventeen wholly owned subsidiary institutions". As of quarter end Aristotle Capital Boston, LLC had bought a total of 53,721 shares growing its stake by 22.4%.



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