Mutual of America Capital Management LLC Has $327,000 Holdings in First Financial Bancorp. (NASDAQ:FFBC)

Mutual of America Capital Management LLC grew its holdings in First Financial Bancorp. (NASDAQ:FFBC) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,830 shares of the bank’s stock after purchasing an additional 825 shares during the period. Mutual of America Capital Management LLC’s holdings in First Financial Bancorp. were worth $327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of First Financial Bancorp. by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,634,181 shares of the bank’s stock valued at $135,222,000 after purchasing an additional 29,034 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Financial Bancorp. by 5.5% in the first quarter. Geode Capital Management LLC now owns 1,629,290 shares of the bank’s stock valued at $39,102,000 after purchasing an additional 84,496 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of First Financial Bancorp. by 204.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,045,012 shares of the bank’s stock valued at $25,081,000 after purchasing an additional 701,495 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of First Financial Bancorp. by 8.7% in the first quarter. Nuveen Asset Management LLC now owns 985,585 shares of the bank’s stock valued at $23,654,000 after purchasing an additional 78,672 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of First Financial Bancorp. by 1.4% in the first quarter. Principal Financial Group Inc. now owns 757,659 shares of the bank’s stock valued at $18,183,000 after buying an additional 10,805 shares in the last quarter. Institutional investors own 73.76% of the company’s stock.

FFBC stock opened at $22.21 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. The company has a fifty day moving average price of $22.91 and a two-hundred day moving average price of $24.04. First Financial Bancorp. has a one year low of $11.28 and a one year high of $26.62. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 11.63 and a beta of 1.21.

First Financial Bancorp. (NASDAQ:FFBC) last released its quarterly earnings data on Wednesday, July 21st. The bank reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. First Financial Bancorp. had a net margin of 27.05% and a return on equity of 8.82%. The firm had revenue of $158.63 million during the quarter, compared to analysts’ expectations of $154.00 million. During the same period in the previous year, the business posted $0.40 earnings per share. Research analysts anticipate that First Financial Bancorp. will post 2.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 4.14%. First Financial Bancorp.’s dividend payout ratio (DPR) is 55.09%.

FFBC has been the subject of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $22.44 target price (down from $25.00) on shares of First Financial Bancorp. in a research note on Monday, July 26th. Zacks Investment Research cut shares of First Financial Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 27th.

First Financial Bancorp. Company Profile

First Financial Bancorp operates a bank holding company. The firm operates through its wholly owned subsidiary, First Financial Bank, which engages in the provision of commercial banking, financial and other related activities. It operates through the following business lines: Commercial, Retail Banking, Mortgage Banking, Wealth Management, Investment Commercial Real Estate, and Commercial Finance.

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Institutional Ownership by Quarter for First Financial Bancorp. (NASDAQ:FFBC)

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