Equities analysts forecast that First Financial Bank (NASDAQ:FFBC) will announce sales of $92.58 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for First Financial Bank’s earnings. The highest sales estimate is $93.50 million and the lowest is $90.90 million. First Financial Bank reported sales of $86.30 million during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is expected to announce its next earnings results after the market closes on Thursday, April 19th.
According to Zacks, analysts expect that First Financial Bank will report full year sales of $536.43 million for the current fiscal year, with estimates ranging from $532.40 million to $539.50 million. For the next fiscal year, analysts forecast that the business will report sales of $615.15 million per share, with estimates ranging from $607.70 million to $624.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover First Financial Bank.
First Financial Bank (NASDAQ:FFBC) last posted its earnings results on Thursday, January 18th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. First Financial Bank had a net margin of 26.11% and a return on equity of 11.51%. The firm had revenue of $94.00 million during the quarter, compared to analysts’ expectations of $90.05 million. During the same quarter in the prior year, the firm earned $0.38 EPS.
NASDAQ FFBC traded down $0.30 on Friday, hitting $28.80. The stock had a trading volume of 366,515 shares, compared to its average volume of 539,403. First Financial Bank has a one year low of $22.80 and a one year high of $29.65. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1,804.96, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 28th. This is a boost from First Financial Bank’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 2.64%. First Financial Bank’s dividend payout ratio (DPR) is 47.20%.
Several institutional investors have recently bought and sold shares of FFBC. Rhumbline Advisers boosted its holdings in shares of First Financial Bank by 2.4% in the third quarter. Rhumbline Advisers now owns 132,898 shares of the bank’s stock valued at $3,475,000 after acquiring an additional 3,087 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of First Financial Bank by 37.6% in the third quarter. Russell Investments Group Ltd. now owns 64,913 shares of the bank’s stock valued at $1,697,000 after acquiring an additional 17,752 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of First Financial Bank in the third quarter valued at approximately $125,000. American International Group Inc. boosted its holdings in shares of First Financial Bank by 5.7% in the third quarter. American International Group Inc. now owns 48,869 shares of the bank’s stock valued at $1,278,000 after acquiring an additional 2,651 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of First Financial Bank by 292.8% in the third quarter. Citadel Advisors LLC now owns 44,273 shares of the bank’s stock valued at $1,158,000 after acquiring an additional 33,001 shares in the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.
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About First Financial Bank
First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and other banking, and banking-related services to individuals and businesses in Ohio, Indiana, and Kentucky. The company accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers.
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