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First BanCorp. (NYSE:FBP) Position Boosted by Fmr LLC

GSA Capital Partners LLP now owns 66,119 shares of the bank's stock worth $437,000 after buying an additional 30,834 shares in the last quarter. (NASDAQ:FFBC) by 56.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Zacks Investment Research raised shares of First BanCorp. from a "hold" rating to a "buy" rating and set a $6.50 target price for the company in a research report on Monday, June 19th. Guggenheim Capital LLC now owns 458,662 shares of the bank's stock worth $3,032,000 after buying an additional 71,034 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in First Financial Bancorp.by 6.9% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 73,448 shares of the financial services provider's stock valued at $2,151,000 after buying an additional 273 shares during the period. First Trust Advisors LP increased its position in First Bancorp by 0.6% in the first quarter. Keefe, Bruyette & Woods reiterated a "buy" rating and set a $36.00 target price on shares of First Internet Bancorp in a research report on Monday, June 26th. The institutional investor owned 157,128 shares of the financial services provider's stock after buying an additional 16,795 shares during the period.

TIAA CREF Investment Management LLC decreased its position in First Financial Bancorp.

There has been some buying insider activity on First Internet Bancorp (NASDAQ:INBK) recently.

First Financial Bancorp. has a one year low of $19.90 and a one year high of $29.80.

The P/E ratio is now 12.98 and the market cap is 182.89M. The firm has a 50-day moving average price of $26.91 and a 200 day moving average price of $27.07.

First BanCorp. had a net margin of 14.82% and a return on equity of 5.31%. (NYSE:FBP) last issued its quarterly earnings data on Tuesday, April 25th. The bank reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $86.30 million for the quarter, compared to analysts' expectations of $86.84 million. During the same period in the prior year, the company posted $0.32 EPS. Analysts predict that First Financial Bancorp. will post $1.56 earnings per share for the current year. The ex-dividend date was Wednesday, May 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. First Bancorp's dividend payout ratio is presently 23.88%. TIAA CREF Investment Management LLC owned about 0.31% of First Financial Bancorp. worth $5,209,000 at the end of the most recent quarter. "(FFBC)" was published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & worldwide trademark and copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/07/20/bank-of-new-york-mellon-corp-increases-stake-in-first-bancorp-nasdaqfbnc-updated.html. They now have a Dollars 5 price target on the stock. Royal Bank Of Canada reissued a "hold" rating and issued a $29.00 target price on shares of First Financial Bancorp.in a report on Friday, July 7th. Citigroup initiated First Bancorp (NYSE:FBP) rating on Wednesday, February 8.

Several brokerages recently commented on FBP. The stock now has a consensus rating of "Buy" and an average price target of $34.38.

A number of other institutional investors have also bought and sold shares of the stock. The shares were sold at an average price of $6.10, for a total value of $152,500.00.

In other news, Director James C. Crawford III acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 2nd. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 101,081 shares of company stock valued at $611,290 in the last ninety days.

FMR LLC boosted its position in First BanCorp. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.

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