First Financial Bancorp. (NASDAQ:FFBC) Posts Quarterly Earnings Results, Hits Estimates

First Financial Bancorp. (NASDAQ:FFBC) issued its quarterly earnings results on Thursday. The bank reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59, Yahoo Finance reports. First Financial Bancorp. had a return on equity of 12.16% and a net margin of 22.94%. During the same period last year, the firm earned $0.76 EPS.

First Financial Bancorp. Trading Down 0.8 %

First Financial Bancorp. stock traded down $0.19 during midday trading on Thursday, reaching $22.36. 367,716 shares of the stock traded hands, compared to its average volume of 326,866. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.13 billion, a PE ratio of 8.31 and a beta of 1.05. The company has a 50-day simple moving average of $21.75 and a two-hundred day simple moving average of $21.62. First Financial Bancorp. has a 12-month low of $17.23 and a 12-month high of $24.99.

Wall Street Analyst Weigh In

FFBC has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 target price on shares of First Financial Bancorp. in a research note on Tuesday, April 9th. Piper Sandler began coverage on First Financial Bancorp. in a research note on Friday, February 23rd. They set an “overweight” rating and a $26.00 price objective on the stock.

About First Financial Bancorp.

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 offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.