First Financial Bancorp (FFBC) Analysts See $0.38 EPS

Henrietta Strickland
October 12, 2017

$31.80's average target is -10.50% below currents $35.53 stock price. The bank reported $0.37 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.38 by ($0.01). The company has market cap of $1.63 billion. About 71,298 shares traded. During the same period in the previous year, the business earned $0.46 earnings per share. It has underperformed by 16.70% the S&P500. The value of the investment in FBNC decreased from $1,177,000 to $959,000 a change of $218,000 since the last quarter. Brandywine Invest Lc reported 9,063 shares stake.

As of quarter end Zweig-dimenna Associates LLC had disposed of a total of 2,030 shares trimming its holdings by 1.8%. 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). The stock declined 0.28% or $0.1 reaching $35.38 per share. About 18,799 shares traded. First Financial Bancorp. announced a dividend that was paid on Monday the 3rd of July 2017. It has outperformed by 17.16% the S&P500.

Based on the latest brokerage notes which have been released to investors, 2 brokers have issued a rating of "strong buy", 1 brokers "buy", 6 brokers "neutral", 1 brokers "sell" and 0 brokers "strong sell". The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.07 and a beta of 0.95.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of First Financial Bancorp. 24 funds opened positions while 45 raised stakes.

There has been some buying insider activity on First Financial Bancorp. After having $0.45 EPS previously, First Bancorp's analysts see 6.67% EPS growth. 784,180 are held by Mendon Advisors Corp. Phocas Financial Corp. purchased a new position in U.S. Bancorp in the second quarter worth approximately $109,000. Peak6 Investments Limited Partnership accumulated 2,801 shares. Creative Planning holds 15,756 shares. The value of the company's investment in First Financial Bancorp. went from $6,579,000 to $8,127,000 a change of $1,548,000 since the last quarter. Glenmede Tru Na has invested 0% in First Financial Bancorp (NASDAQ:FFBC). Louisiana State Employees Retirement stated it has 0.03% of its portfolio in First Financial Bancorp (NASDAQ:FFBC). Pinnacle owns 0% invested in First Bancorp (NASDAQ:FBNC) for 11,430 shares.

01/27/2016 - First Financial Bancorp. had its "hold" rating reiterated by analysts at Jefferies.

Analysts await First Bancorp (NASDAQ:FBNC) to report earnings on October, 26. FFBC's profit would be $23.59M giving it 17.49 P/E if the $0.38 EPS is correct.

Since May 9, 2017, it had 0 insider purchases, and 1 insider sale for $47,384 activity. CREDLE ERIC P also bought $29,890 worth of First Bancorp (NASDAQ:FBNC) shares. On Tuesday, May 2 the insider Mayer Michael Goodwin bought $14,495. The total value of its holdings decreased 4.5%. Therefore 27% are positive.

07/25/2016 - First Financial Bancorp. was downgraded to "neutral" by analysts at Hilliard Lyons.

Among 11 analysts covering First Financial Bancorp (NASDAQ:FFBC), 3 have Buy rating, 1 Sell and 7 Hold. The rating was maintained by Piper Jaffray with "Buy" on Wednesday, August 2. The stock of First Bancorp (NASDAQ:FBNC) has "Sell" rating given on Monday, August 24 by Zacks. Stifel Nicolaus maintained First Bancorp (NASDAQ:FBNC) rating on Monday, August 3. First Bancorp has $37 highest and $20 lowest target. The rating was reinitiated by PiperJaffray on Thursday, October 5 with "Overweight". The rating was maintained by Brean Capital with "Buy" on Wednesday, July 26. The firm has "Hold" rating given on Tuesday, July 25 by Piper Jaffray. DZ-Bank AG upgraded the shares of KWS in report on Friday, February 26 to "Buy" rating. The stock has "Hold" rating by Keefe Bruyette & Woods on Tuesday, October 3. In addition, the Company operates its Commercial Finance division, responsible for its insurance lending business and franchise lending business, from a non-banking center location in IN with additional franchise lending operation related services located in New Jersey. "Do It." Campaign" on October 11, 2017, also Nasdaq.com with their article: "The Zacks Analyst Blog Highlights: "First Bancorp, FS Bancorp, TransMontaigne ..." published on September 27, 2017, Nasdaq.com published: "The Zacks Analyst Blog Highlights: "First Bancorp, Heritage Commerce, Howard ..." on October 10, 2017. The ex-dividend date will be Thursday the 28th of September 2017.

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