Kestra Advisory Services LLC Boosts Stock Position in First Financial Bancorp. (NASDAQ:FFBC)

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Kestra Advisory Services LLC boosted its position in shares of First Financial Bancorp. (NASDAQ:FFBCGet Rating) by 13.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 10,245 shares of the bank’s stock after buying an additional 1,235 shares during the quarter. Kestra Advisory Services LLC’s holdings in First Financial Bancorp. were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC boosted its stake in First Financial Bancorp. by 225.7% during the first quarter. CWM LLC now owns 2,374 shares of the bank’s stock worth $55,000 after buying an additional 1,645 shares during the period. Econ Financial Services Corp purchased a new position in First Financial Bancorp. during the first quarter worth $121,000. Northwestern Mutual Wealth Management Co. purchased a new position in First Financial Bancorp. during the fourth quarter worth $141,000. Glenview Trust Co purchased a new position in First Financial Bancorp. during the fourth quarter worth $203,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in First Financial Bancorp. during the fourth quarter worth $229,000. 74.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on FFBC shares. StockNews.com began coverage on shares of First Financial Bancorp. in a research note on Thursday, March 31st. They set a “hold” rating for the company. Stephens lifted their target price on First Financial Bancorp. to $25.00 in a research report on Monday.

First Financial Bancorp. Stock Up 2.3 %

NASDAQ:FFBC opened at $21.95 on Tuesday. First Financial Bancorp. has a twelve month low of $18.75 and a twelve month high of $26.83. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 10.35 and a beta of 1.03. The stock has a fifty day simple moving average of $20.18 and a 200-day simple moving average of $22.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

First Financial Bancorp. (NASDAQ:FFBCGet Rating) last released its quarterly earnings data on Thursday, July 21st. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. First Financial Bancorp. had a return on equity of 9.61% and a net margin of 30.36%. During the same period in the prior year, the company earned $0.58 earnings per share. Analysts anticipate that First Financial Bancorp. will post 2.05 EPS for the current year.

Insider Activity at First Financial Bancorp.

In other news, CEO Archie M. Brown, Jr. acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was purchased at an average cost of $20.55 per share, for a total transaction of $102,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 195,452 shares of the company’s stock, valued at approximately $4,016,538.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Archie M. Brown, Jr. acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was purchased at an average cost of $20.55 per share, for a total transaction of $102,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 195,452 shares of the company’s stock, valued at approximately $4,016,538.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Barron sold 3,500 shares of First Financial Bancorp. stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $20.13, for a total value of $70,455.00. Following the completion of the sale, the director now owns 80,796 shares of the company’s stock, valued at $1,626,423.48. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by corporate insiders.

First Financial Bancorp. Company Profile

(Get Rating)

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.

Further Reading

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:FFBCGet Rating).

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