First Financial Bancorp. (NASDAQ:FFBC) Issues Quarterly Earnings Results, Hits Expectations

First Financial Bancorp. (NASDAQ:FFBC) posted its earnings results on Thursday. The bank reported $0.59 EPS for the quarter, meeting the consensus estimate 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 in the previous year, the company posted $0.76 EPS.

First Financial Bancorp. Stock Down 0.8 %

Shares of FFBC stock opened at $22.36 on Friday. First Financial Bancorp. has a 1 year low of $17.23 and a 1 year high of $24.99. The stock has a market cap of $2.13 billion, a PE ratio of 8.31 and a beta of 1.05. The business’s fifty day moving average is $21.75 and its 200-day moving average is $21.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.91.

Analyst Upgrades and Downgrades

Several research firms recently commented on FFBC. Piper Sandler began coverage on First Financial Bancorp. in a research report on Friday, February 23rd. They issued an “overweight” rating and a $26.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 target price on shares of First Financial Bancorp. in a research report on Tuesday, April 9th.

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.