Jennison Associates LLC Acquires 14,475 Shares of First Financial Bancorp (NASDAQ:FFBC)

Share on StockTwits

Jennison Associates LLC lifted its holdings in shares of First Financial Bancorp (NASDAQ:FFBC) by 53.4% in the first quarter, Holdings Channel reports. The institutional investor owned 41,579 shares of the bank’s stock after buying an additional 14,475 shares during the period. Jennison Associates LLC’s holdings in First Financial Bancorp were worth $1,000,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can grew its holdings in shares of First Financial Bancorp by 9.0% during the fourth quarter. Bank of Montreal Can now owns 8,586 shares of the bank’s stock valued at $203,000 after buying an additional 708 shares in the last quarter. Strs Ohio grew its holdings in First Financial Bancorp by 15.7% in the 4th quarter. Strs Ohio now owns 5,900 shares of the bank’s stock worth $139,000 after acquiring an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in First Financial Bancorp by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,078 shares of the bank’s stock worth $168,000 after acquiring an additional 888 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in First Financial Bancorp by 6.7% in the 4th quarter. Advisors Asset Management Inc. now owns 49,215 shares of the bank’s stock worth $1,167,000 after acquiring an additional 3,072 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in First Financial Bancorp by 21.1% in the 4th quarter. Rhumbline Advisers now owns 286,763 shares of the bank’s stock worth $6,802,000 after acquiring an additional 49,885 shares during the last quarter. Institutional investors own 74.78% of the company’s stock.

NASDAQ:FFBC opened at $22.54 on Thursday. First Financial Bancorp has a 12 month low of $22.07 and a 12 month high of $33.30. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $2.23 billion, a PE ratio of 9.89, a P/E/G ratio of 1.05 and a beta of 1.25.

First Financial Bancorp (NASDAQ:FFBC) last posted its earnings results on Thursday, April 25th. The bank reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. First Financial Bancorp had a net margin of 26.28% and a return on equity of 10.60%. The firm had revenue of $148.34 million during the quarter, compared to analysts’ expectations of $150.53 million. During the same period last year, the company posted $0.49 EPS. As a group, research analysts forecast that First Financial Bancorp will post 2.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.22 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.90%. First Financial Bancorp’s dividend payout ratio is 38.60%.

A number of equities research analysts have issued reports on FFBC shares. Zacks Investment Research lowered shares of First Financial Bancorp from a “hold” rating to a “sell” rating in a report on Monday, April 15th. BidaskClub lowered shares of First Financial Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Keefe, Bruyette & Woods lowered shares of First Financial Bancorp from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $31.00 to $30.00 in a report on Sunday, February 24th. Stephens lowered shares of First Financial Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Finally, ValuEngine lowered shares of First Financial Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. First Financial Bancorp presently has an average rating of “Hold” and an average target price of $28.40.

TRADEMARK VIOLATION NOTICE: “Jennison Associates LLC Acquires 14,475 Shares of First Financial Bancorp (NASDAQ:FFBC)” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.tickerreport.com/banking-finance/4370274/jennison-associates-llc-acquires-14475-shares-of-first-financial-bancorp-nasdaqffbc.html.

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 accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers.

Featured Article: Recession

Want to see what other hedge funds are holding FFBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Financial Bancorp (NASDAQ:FFBC).

Institutional Ownership by Quarter for First Financial Bancorp (NASDAQ:FFBC)

Receive News & Ratings for First Financial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

DS Smith’s  Add Rating Reaffirmed at Numis Securities
DS Smith’s Add Rating Reaffirmed at Numis Securities
Deutsche Bank Boosts Rotork  Price Target to GBX 295
Deutsche Bank Boosts Rotork Price Target to GBX 295
UBS Group Reiterates Buy Rating for Quilter
UBS Group Reiterates Buy Rating for Quilter
Numis Securities Reaffirms Buy Rating for Northgate
Numis Securities Reaffirms Buy Rating for Northgate
Jupiter Fund Management  Price Target Increased to GBX 390 by Analysts at Berenberg Bank
Jupiter Fund Management Price Target Increased to GBX 390 by Analysts at Berenberg Bank
Halma  PT Raised to GBX 2,075 at Deutsche Bank
Halma PT Raised to GBX 2,075 at Deutsche Bank


© 2006-2019 Ticker Report