Richard S. Dennen Sells 4,068 Shares of First Financial Bancorp. (NASDAQ:FFBC) Stock

First Financial Bancorp. (NASDAQ:FFBC) insider Richard S. Dennen sold 4,068 shares of First Financial Bancorp. stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $30.01, for a total value of $122,080.68. Following the completion of the transaction, the insider now directly owns 70,652 shares of the company’s stock, valued at approximately $2,120,266.52. This represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

First Financial Bancorp. Stock Performance

Shares of FFBC stock opened at $29.71 on Thursday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 12.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91. First Financial Bancorp. has a one year low of $20.05 and a one year high of $31.18. The company’s 50-day moving average is $26.42 and its 200 day moving average is $24.79.

First Financial Bancorp. (NASDAQ:FFBC) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $302.82 million for the quarter, compared to analysts’ expectations of $214.00 million. First Financial Bancorp. had a net margin of 18.55% and a return on equity of 10.32%. During the same quarter in the prior year, the company posted $0.67 earnings per share. Sell-side analysts expect that First Financial Bancorp. will post 2.53 EPS for the current fiscal year.

First Financial Bancorp. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.96 annualized dividend and a yield of 3.23%. First Financial Bancorp.’s dividend payout ratio is 41.38%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FFBC. Financial Management Professionals Inc. purchased a new stake in shares of First Financial Bancorp. during the third quarter valued at $28,000. Point72 DIFC Ltd purchased a new stake in shares of First Financial Bancorp. during the 3rd quarter valued at about $30,000. EntryPoint Capital LLC boosted its holdings in shares of First Financial Bancorp. by 63.9% during the 1st quarter. EntryPoint Capital LLC now owns 1,732 shares of the bank’s stock valued at $39,000 after acquiring an additional 675 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of First Financial Bancorp. by 2,976.9% in the third quarter. Bogart Wealth LLC now owns 2,000 shares of the bank’s stock worth $50,000 after acquiring an additional 1,935 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of First Financial Bancorp. by 23.1% during the second quarter. Blue Trust Inc. now owns 3,340 shares of the bank’s stock valued at $75,000 after purchasing an additional 627 shares during the last quarter. Hedge funds and other institutional investors own 77.23% of the company’s stock.

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.