First Financial Bancorp. (NASDAQ:FFBC – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.23 per share by the bank on Monday, June 17th. This represents a $0.92 annualized dividend and a yield of 4.08%. The ex-dividend date is Monday, June 3rd.
First Financial Bancorp. has a dividend payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Financial Bancorp. to earn $2.26 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 40.7%.
First Financial Bancorp. Price Performance
NASDAQ:FFBC traded up $0.21 during trading hours on Friday, hitting $22.57. 465,888 shares of the stock traded hands, compared to its average volume of 282,185. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. First Financial Bancorp. has a 1 year low of $17.23 and a 1 year high of $24.99. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 9.10 and a beta of 1.05. The stock has a 50 day moving average price of $21.76 and a 200 day moving average price of $21.64.
Wall Street Analyst Weigh In
FFBC has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price target on shares of First Financial Bancorp. in a report on Tuesday, April 9th. Piper Sandler assumed coverage on shares of First Financial Bancorp. in a report on Friday, February 23rd. They set an “overweight” rating and a $26.00 price target on the stock.
View Our Latest Report on FFBC
First Financial Bancorp. Company Profile
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.
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