Buy, Sell or Hold? before and after EPS results First Financial Bancorp. (NASDAQ:FFBC)

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Earnings results for First Financial Bancorp. (NASDAQ:FFBC)

First Financial Bancorp. is expected* to report earnings on 10/22/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.39. The reported EPS for the same quarter last year was $0.56.

First Financial Bancorp. last announced its earnings results on July 23rd, 2020. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.15. The business had revenue of $154.30 million for the quarter, compared to analysts’ expectations of $147.50 million. First Financial Bancorp. has generated $2.14 earnings per share over the last year and currently has a price-to-earnings ratio of 8.3. First Financial Bancorp. has confirmed that its next quarterly earnings report will be published on Thursday, October 22nd, 2020.

Analyst Opinion on First Financial Bancorp. (NASDAQ:FFBC)

1 Wall Street analysts have issued ratings and price targets for First Financial Bancorp. in the last 12 months. Their average twelve-month price target is $13.50, predicting that the stock has a possible downside of 2.53%. The high price target for FFBC is $13.50 and the low price target for FFBC is $13.50. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

First Financial Bancorp. has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $18.75, First Financial Bancorp. has a forecasted upside of 35.4% from its current price of $13.85. First Financial Bancorp. has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: First Financial Bancorp. (NASDAQ:FFBC)

First Financial Bancorp. is a leading dividend payer. It pays a dividend yield of 6.71%, putting its dividend yield in the top 25% of dividend-paying stocks. First Financial Bancorp. has only been increasing its dividend for 3 years. The dividend payout ratio of First Financial Bancorp. is 42.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, First Financial Bancorp. will have a dividend payout ratio of 76.67% in the coming year. This indicates that First Financial Bancorp. may not be able to sustain their current dividend.

Insiders buying/selling: First Financial Bancorp. (NASDAQ:FFBC)

In the past three months, First Financial Bancorp. insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $45,273.00 in company stock and sold $0.00 in company stock. Only 2.00% of the stock of First Financial Bancorp. is held by insiders. 73.90% of the stock of First Financial Bancorp. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of First Financial Bancorp. (NASDAQ:FFBC

Earnings for First Financial Bancorp. are expected to decrease by -18.92% in the coming year, from $1.48 to $1.20 per share. The P/E ratio of First Financial Bancorp. is 8.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.48. The P/E ratio of First Financial Bancorp. is 8.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.17. First Financial Bancorp. has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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