Media coverage about First Financial Bancorp (NASDAQ:FFBC) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Financial Bancorp earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.3046693254524 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- First Financial Bancorp (FFBC) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
- First Financial Bancorp (FFBC) Shares Sold by American Century Companies Inc. (americanbankingnews.com)
- Comerica Bank Has $1.86 Million Position in First Financial Bancorp (FFBC) (americanbankingnews.com)
- First Financial, MainSource merger gets final approval (finance.yahoo.com)
- First Financial Bancorp and MainSource Financial Group, Inc. Announce Regulatory Approval of Proposed Merger (prnewswire.com)
Shares of First Financial Bancorp (NASDAQ FFBC) opened at $28.05 on Wednesday. The firm has a market cap of $1,775.86, a P/E ratio of 17.53, a PEG ratio of 1.36 and a beta of 1.19. First Financial Bancorp has a one year low of $22.80 and a one year high of $29.50. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.93.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.19 dividend. This is a positive change from First Financial Bancorp’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, February 28th. First Financial Bancorp’s dividend payout ratio is currently 42.50%.
Several research firms have commented on FFBC. FIG Partners upgraded shares of First Financial Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Friday, February 9th. BidaskClub cut shares of First Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Hilliard Lyons raised shares of First Financial Bancorp from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Monday, January 22nd. Finally, Barclays upped their price target on shares of First Financial Bancorp from $27.00 to $30.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.90.
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About First Financial Bancorp
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
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