First Financial Bancorp. (FFBC) Projected to Post Quarterly Earnings on Thursday

First Financial Bancorp. (NASDAQ:FFBC) is anticipated to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect First Financial Bancorp. to post earnings of $0.65 per share and revenue of $216,325.00 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

First Financial Bancorp. (NASDAQ:FFBC) last released its earnings results on Thursday, October 24th. The bank reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. First Financial Bancorp. had a return on equity of 10.32% and a net margin of 18.55%. The company had revenue of $302.82 million for the quarter, compared to the consensus estimate of $214.00 million. During the same quarter last year, the business posted $0.67 EPS. On average, analysts expect First Financial Bancorp. to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Financial Bancorp. Price Performance

Shares of NASDAQ FFBC opened at $28.07 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 12.10 and a beta of 1.02. First Financial Bancorp. has a twelve month low of $20.59 and a twelve month high of $31.18. The business has a 50 day simple moving average of $28.12 and a 200-day simple moving average of $26.42.

Insiders Place Their Bets

In related news, insider Richard S. Dennen sold 932 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $30.00, for a total value of $27,960.00. Following the completion of the sale, the insider now owns 74,720 shares of the company’s stock, valued at $2,241,600. This represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James R. Shank sold 3,700 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $26.34, for a total transaction of $97,458.00. Following the sale, 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. Insiders have sold 11,700 shares of company stock valued at $335,429 over the last three months. Company insiders own 2.04% of the company’s stock.

Wall Street Analysts Forecast Growth

FFBC has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bancorp. from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens raised shares of First Financial Bancorp. from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th.

About First Financial Bancorp.

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.