Frazier Financial Advisors LLC Has $494,000 Stock Position in First Financial Bancorp. (NASDAQ:FFBC)

Frazier Financial Advisors LLC decreased its position in First Financial Bancorp. (NASDAQ:FFBC) by 10.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,597 shares of the bank’s stock after selling 2,264 shares during the period. First Financial Bancorp. makes up 0.4% of Frazier Financial Advisors LLC’s portfolio, making the stock its 28th largest position. Frazier Financial Advisors LLC’s holdings in First Financial Bancorp. were worth $494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. lifted its position in First Financial Bancorp. by 10.0% in the 1st quarter. Sei Investments Co. now owns 63,715 shares of the bank’s stock valued at $1,428,000 after acquiring an additional 5,773 shares in the last quarter. ProShare Advisors LLC lifted its position in First Financial Bancorp. by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 19,020 shares of the bank’s stock valued at $426,000 after acquiring an additional 1,307 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in First Financial Bancorp. by 115.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 58,070 shares of the bank’s stock valued at $1,264,000 after acquiring an additional 31,170 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in First Financial Bancorp. by 6.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 625,822 shares of the bank’s stock valued at $14,031,000 after acquiring an additional 39,870 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in First Financial Bancorp. by 4.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 99,222 shares of the bank’s stock valued at $2,223,000 after acquiring an additional 4,157 shares in the last quarter. Institutional investors and hedge funds own 77.23% of the company’s stock.

Insider Activity

In related news, insider Claude E. Davis sold 29,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $26.60, for a total value of $771,400.00. Following the transaction, the insider now owns 53,576 shares in the company, valued at approximately $1,425,121.60. This represents a 35.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott T. Crawley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $29.31, for a total transaction of $87,930.00. Following the completion of the transaction, the insider now owns 19,279 shares in the company, valued at approximately $565,067.49. This trade represents a 13.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,632 shares of company stock valued at $984,748. 2.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FFBC has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of First Financial Bancorp. from $25.00 to $27.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their price target on shares of First Financial Bancorp. from $25.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th.

First Financial Bancorp. Trading Up 0.1 %

Shares of NASDAQ:FFBC opened at $29.10 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day moving average price is $25.81 and its two-hundred day moving average price is $24.48. The stock has a market capitalization of $2.78 billion, a PE ratio of 12.54 and a beta of 0.99. First Financial Bancorp. has a one year low of $19.92 and a one year high of $30.11.

First Financial Bancorp. (NASDAQ:FFBC) last issued its earnings results on Thursday, October 24th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $302.82 million for the quarter, compared to analysts’ expectations of $214.00 million. First Financial Bancorp. had a net margin of 18.55% and a return on equity of 10.32%. During the same period in the prior year, the firm earned $0.67 EPS. On average, equities analysts forecast that First Financial Bancorp. will post 2.53 EPS for the current fiscal year.

First Financial Bancorp. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.24 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.30%. First Financial Bancorp.’s payout ratio is 41.38%.

First Financial Bancorp. Company Profile

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 offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.