Truepoint Inc. cut its stake in First Financial Bancorp (NASDAQ:FFBC) by 88.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,229 shares of the bank’s stock after selling 114,380 shares during the period. Truepoint Inc.’s holdings in First Financial Bancorp were worth $418,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of First Financial Bancorp by 1.4% in the third quarter. Teachers Advisors LLC now owns 99,431 shares of the bank’s stock valued at $2,172,000 after buying an additional 1,387 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of First Financial Bancorp by 8.3% in the third quarter. BlackRock Fund Advisors now owns 4,384,049 shares of the bank’s stock valued at $95,748,000 after buying an additional 337,717 shares during the last quarter. BlackRock Inc. boosted its position in shares of First Financial Bancorp by 3.0% in the third quarter. BlackRock Inc. now owns 19,223 shares of the bank’s stock valued at $419,000 after buying an additional 551 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of First Financial Bancorp by 0.9% in the third quarter. BlackRock Investment Management LLC now owns 280,840 shares of the bank’s stock valued at $6,134,000 after buying an additional 2,548 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of First Financial Bancorp by 14.4% in the third quarter. BlackRock Advisors LLC now owns 33,314 shares of the bank’s stock valued at $728,000 after buying an additional 4,182 shares during the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

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

Shares of First Financial Bancorp (NASDAQ:FFBC) traded up 2.92% on Friday, reaching $28.20. The company had a trading volume of 407,599 shares. The company’s 50-day moving average price is $27.16 and its 200 day moving average price is $26.27. First Financial Bancorp has a 52 week low of $18.00 and a 52 week high of $29.80. The firm has a market capitalization of $1.75 billion, a P/E ratio of 19.72 and a beta of 1.18.

First Financial Bancorp (NASDAQ:FFBC) last released its quarterly earnings data on Thursday, April 20th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. First Financial Bancorp had a return on equity of 10.42% and a net margin of 23.57%. The firm earned $86.30 million during the quarter, compared to the consensus estimate of $86.84 million. During the same period last year, the business posted $0.32 EPS. On average, analysts expect that First Financial Bancorp will post $1.54 EPS for the current year.

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FFBC has been the subject of several research analyst reports. Zacks Investment Research cut First Financial Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, March 13th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 price objective on shares of First Financial Bancorp in a research note on Monday, April 10th. Finally, DA Davidson initiated coverage on First Financial Bancorp in a research note on Thursday, March 23rd. They issued a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.17.

About First Financial Bancorp

First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.

5 Day Chart for NASDAQ:FFBC

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