110,651 Shares in First Financial Bancorp. (NASDAQ:FFBC) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in First Financial Bancorp. (NASDAQ:FFBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,651 shares of the bank’s stock, valued at approximately $2,792,000. Edgestream Partners L.P. owned approximately 0.12% of First Financial Bancorp. as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FFBC. Price T Rowe Associates Inc. MD increased its position in shares of First Financial Bancorp. by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 75,665 shares of the bank’s stock worth $1,697,000 after acquiring an additional 3,332 shares in the last quarter. Comerica Bank increased its position in shares of First Financial Bancorp. by 11.4% in the first quarter. Comerica Bank now owns 63,335 shares of the bank’s stock worth $1,420,000 after acquiring an additional 6,460 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of First Financial Bancorp. by 10.1% in the second quarter. QRG Capital Management Inc. now owns 33,425 shares of the bank’s stock worth $743,000 after acquiring an additional 3,067 shares in the last quarter. Blue Trust Inc. increased its position in shares of First Financial Bancorp. by 23.1% in the second quarter. Blue Trust Inc. now owns 3,340 shares of the bank’s stock worth $75,000 after acquiring an additional 627 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of First Financial Bancorp. in the second quarter worth $265,000. Institutional investors and hedge funds own 77.23% of the company’s stock.

Insider Activity

In other First Financial Bancorp. news, insider Richard S. Dennen sold 932 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $30.00, for a total transaction of $27,960.00. Following the transaction, the insider now directly owns 74,720 shares in the company, valued at $2,241,600. This represents a 1.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James R. Shank sold 3,700 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $26.34, for a total transaction of $97,458.00. Following the transaction, the insider now owns 15,374 shares in the company, valued at $404,951.16. This trade represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,700 shares of company stock worth $335,429. 2.04% of the stock is currently owned by company insiders.

First Financial Bancorp. Price Performance

First Financial Bancorp. stock opened at $29.53 on Monday. The firm has a market capitalization of $2.82 billion, a P/E ratio of 12.73 and a beta of 0.99. The firm has a fifty day moving average of $26.66 and a 200-day moving average of $24.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45. First Financial Bancorp. has a 52-week low of $20.07 and a 52-week high of $31.18.

First Financial Bancorp. (NASDAQ:FFBC) last announced its earnings results on Thursday, October 24th. The bank reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $302.82 million during the quarter, compared to the consensus estimate 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 earnings per share. As a group, analysts predict that First Financial Bancorp. will post 2.53 EPS for the current 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 paid a $0.24 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.96 annualized dividend and a dividend yield of 3.25%. First Financial Bancorp.’s dividend payout ratio (DPR) is presently 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.