First Financial Bancorp. (NASDAQ:FFBC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of First Financial Bancorp. (NASDAQ:FFBC) by 30.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,913 shares of the bank’s stock after selling 3,395 shares during the quarter. SG Americas Securities LLC’s holdings in First Financial Bancorp. were worth $200,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Financial Bank Trust Division increased its position in First Financial Bancorp. by 4.2% during the 3rd quarter. First Financial Bank Trust Division now owns 901,908 shares of the bank’s stock worth $22,755,000 after purchasing an additional 36,679 shares in the last quarter. Algert Global LLC acquired a new stake in First Financial Bancorp. in the second quarter valued at approximately $213,000. Susquehanna Fundamental Investments LLC grew its position in First Financial Bancorp. by 66.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 55,865 shares of the bank’s stock valued at $1,241,000 after acquiring an additional 22,305 shares in the last quarter. Millennium Management LLC grew its position in First Financial Bancorp. by 162.4% in the second quarter. Millennium Management LLC now owns 242,187 shares of the bank’s stock valued at $5,381,000 after acquiring an additional 149,896 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in First Financial Bancorp. in the second quarter valued at approximately $300,000. Institutional investors and hedge funds own 77.23% of the company’s stock.

Insider Transactions at First Financial Bancorp.

In related news, insider Claude E. Davis sold 29,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $26.60, for a total transaction of $771,400.00. Following the transaction, the insider now directly owns 53,576 shares in the company, valued at $1,425,121.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on FFBC shares. Royal Bank of Canada increased their price objective on shares of First Financial Bancorp. from $25.00 to $29.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods increased their price objective on shares of First Financial Bancorp. from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

First Financial Bancorp. Stock Up 0.7 %

FFBC stock opened at $25.30 on Wednesday. First Financial Bancorp. has a twelve month low of $17.23 and a twelve month high of $28.25. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.42 billion, a P/E ratio of 10.20 and a beta of 0.99. The firm has a 50 day simple moving average of $25.30 and a 200-day simple moving average of $23.79.

First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings results on Thursday, July 25th. The bank reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. First Financial Bancorp. had a net margin of 19.67% and a return on equity of 10.69%. The business had revenue of $314.22 million during the quarter, compared to the consensus estimate of $203.50 million. During the same quarter last year, the company earned $0.72 earnings per share. On average, equities research analysts predict that First Financial Bancorp. will post 2.58 earnings per share for the current fiscal year.

First Financial Bancorp. 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.