First Financial Bancorp (NASDAQ: FFBC) is 3.98% higher on its value in year-to-date trading and has touched a low of $20.59 and a high of $31.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FFBC stock was last observed hovering at around $27.55 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $27.95, the stock is 3.71% and -0.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 1.45% at the moment leaves the stock 11.90% off its SMA200. FFBC registered 25.11% gain for a year compared to 6-month gain of 7.07%. The firm has a 50-day simple moving average (SMA 50) of $28.2082 and a 200-day simple moving average (SMA200) of $24.9772.
The stock witnessed a -4.51% loss in the last 1 month and extending the period to 3 months gives it a 6.52%, and is 8.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 2.76% over the month.
First Financial Bancorp (FFBC) has around 2165 employees, a market worth around $2.67B and $1.19B in sales. Current P/E ratio is 12.07 and Fwd P/E is 11.29. Profit margin for the company is 18.55%. Distance from 52-week low is 35.75% and -10.36% from its 52-week high. The company has generated returns on investments over the last 12 months (7.73%).
with sales reaching $216.32M over the same period.The EPS is expected to shrink by -11.90% this year, but quarterly earnings will post -0.01% year-over-year. Quarterly sales are estimated to grow 7.75% in year-over-year returns.
First Financial Bancorp (FFBC) Top Institutional Holders
366.0 institutions hold shares in First Financial Bancorp (FFBC), with institutional investors hold 82.25% of the company’s shares. The shares outstanding are 95.49M, and float is at 93.50M with Short Float at 1.83%. Institutions hold 80.68% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.86 million shares valued at $307.9 million. The investor’s holdings represent 14.7072% of the FFBC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.83 million shares valued at $240.61 million to account for 11.4931 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.73 million shares representing 7.1453% and valued at over $149.59 million, while STATE STREET CORP holds 4.8863 of the shares totaling 4.6 million with a market value of $102.3 million.
First Financial Bancorp (FFBC) Insider Activity
The most recent transaction is an insider sale by Harris Gregory A, the company’s President, Wealth Management. SEC filings show that Harris Gregory A sold 5,400 shares of the company’s common stock on Nov 26 ’24 at a price of $29.81 per share for a total of $0.16 million. Following the sale, the insider now owns 37879.0 shares.
Still, SEC filings show that on Nov 25 ’24, ANDERSON JAMES M (Chief Financial Officer) disposed off 7,632 shares at an average price of $30.65 for $0.23 million. The insider now directly holds 94,889 shares of First Financial Bancorp (FFBC).
