First Financial Bancorp (NASDAQ:FFBC) Institutional Investor Sentiment Is 1.52

May 18, 2018 - By John Moody

First Financial Bancorp. (NASDAQ:FFBC) Logo

Sentiment for First Financial Bancorp (NASDAQ:FFBC)

First Financial Bancorp (NASDAQ:FFBC) institutional sentiment increased to 1.52 in Q4 2017. Its up 0.16, from 1.36 in 2017Q3. The ratio is positive, as 85 investment professionals opened new and increased stock positions, while 56 cut down and sold stakes in First Financial Bancorp. The investment professionals in our partner’s database now hold: 48.03 million shares, up from 47.49 million shares in 2017Q3. Also, the number of investment professionals holding First Financial Bancorp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 11 Reduced: 45 Increased: 57 New Position: 28.

First Financial Bancorp. operates as the bank holding firm 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 has market cap of $3.14 billion. The firm accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. It has a 20.58 P/E ratio. It also provides real estate loans secured by residential property or commercial property; commercial and industrial loans for various purposes, including inventory, receivables, and equipment; consumer loans comprising new and used vehicle loans, second mortgages on residential real estate, and unsecured loans; and home equity lines of credit.

The stock increased 1.42% or $0.45 during the last trading session, reaching $32.1. About 265,919 shares traded. First Financial Bancorp. (NASDAQ:FFBC) has risen 6.03% since May 18, 2017 and is uptrending. It has underperformed by 5.52% the S&P500.

Analysts await First Financial Bancorp. (NASDAQ:FFBC) to report earnings on July, 24. They expect $0.51 EPS, up 37.84 % or $0.14 from last year’s $0.37 per share. FFBC’s profit will be $49.89 million for 15.74 P/E if the $0.51 EPS becomes a reality. After $0.52 actual EPS reported by First Financial Bancorp. for the previous quarter, Wall Street now forecasts -1.92 % negative EPS growth.

Neumeier Poma Investment Counsel Llc holds 3.05% of its portfolio in First Financial Bancorp. for 1.16 million shares. First Financial Bank owns 549,211 shares or 2.39% of their US portfolio. Moreover, Provident Investment Management Inc. has 1.65% invested in the company for 393,069 shares. The Kansas-based Dean Capital Management has invested 1.52% in the stock. Shoker Investment Counsel Inc., a Ohio-based fund reported 52,862 shares.

Since January 1, 0001, it had 19 insider buys, and 2 sales for $1.06 million activity.

First Financial Bancorp. (NASDAQ:FFBC) Ratings Coverage

Ratings analysis reveals 25% of First Financial Bancorp’s analysts are positive. Out of 8 Wall Street analysts rating First Financial Bancorp, 2 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $30.0 while the high is $3400. The stock’s average target of $32.63 is 1.65% above today’s ($32.1) share price. FFBC was included in 14 notes of analysts from December 21, 2017. As per Tuesday, May 15, the company rating was downgraded by FIG Partners. The rating was upgraded by Hilliard Lyons to “Buy” on Monday, January 22. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 20 report. Barclays Capital maintained it with “Sell” rating and $30.0 target in Tuesday, January 2 report. Stephens maintained it with “Buy” rating and $3400 target in Friday, April 20 report. The company was maintained on Friday, January 19 by RBC Capital Markets. Sandler O’Neill maintained the shares of FFBC in report on Monday, April 2 with “Buy” rating. Hilliard Lyons downgraded First Financial Bancorp. (NASDAQ:FFBC) on Monday, April 23 to “Neutral” rating. The firm has “Buy” rating given on Friday, April 20 by Sandler O’Neill. As per Monday, April 23, the company rating was maintained by Barclays Capital.

More notable recent First Financial Bancorp. (NASDAQ:FFBC) news were published by: Benzinga.com which released: “Banking Stock Performance Review — Commerce Bancshares, Fifth Third, First Financial, and First Midwest” on May 07, 2018, also Bizjournals.com with their article: “EXCLUSIVE: First Financial names lead independent director” published on May 16, 2018, Streetinsider.com published: “First Financial Bancorp (FFBC) Tops Q1 EPS by 5c” on April 19, 2018. More interesting news about First Financial Bancorp. (NASDAQ:FFBC) were released by: Profitconfidential.com and their article: “FFBC Stock Is Primed for a Sustained Move Toward Higher Prices” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “First Financial Bancorp’s (FFBC) CEO Archie Brown on Q1 2018 Results – Earnings Call Transcript” with publication date: April 20, 2018.

First Financial Bancorp. (NASDAQ:FFBC) Institutional Positions Chart

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