Analyst Valuation and EPS Growth for First Financial Bancorp. (NASDAQ:FFBC)

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

First Financial Bancorp. last released its earnings results on July 21st, 2021. The bank reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. The firm had revenue of $158.63 million for the quarter, compared to the consensus estimate of $154 million. First Financial Bancorp. has generated $1.67 earnings per share over the last year ($1.91 diluted earnings per share) and currently has a price-to-earnings ratio of 12.3. Earnings for First Financial Bancorp. are expected to decrease by -16.90% in the coming year, from $2.13 to $1.77 per share. First Financial Bancorp. has confirmed that its next quarterly earnings report will be published on Thursday, October 21st, 2021. First Financial Bancorp. will be holding an earnings conference call on Friday, October 22nd at 8:30 AM Eastern. Interested parties can or dial in at 929-458-6194 with passcode “979537”.

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

According to the issued ratings of 2 analysts in the last year, the consensus rating for First Financial Bancorp. stock is Hold based on the current 2 hold ratings for FFBC. The average twelve-month price target for First Financial Bancorp. is $22.72 with a high price target of $23.00 and a low price target of $22.44.

on FFBC’s analyst rating history

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 $22.72, First Financial Bancorp. has a forecasted downside of 3.6% from its current price of $23.56. 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 3.91%, putting its dividend yield in the top 25% of dividend-paying stocks. First Financial Bancorp. has only been increasing its dividend for 1 years. The dividend payout ratio of First Financial Bancorp. is 55.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Financial Bancorp. will have a dividend payout ratio of 51.98% next year. This indicates that First Financial Bancorp. will be able to sustain or increase its dividend.

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

In the past three months, First Financial Bancorp. insiders have not sold or bought any company stock. Only 2.00% of the stock of First Financial Bancorp. is held by insiders. 73.76% 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 -16.90% in the coming year, from $2.13 to $1.77 per share. The P/E ratio of First Financial Bancorp. is 12.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.24. The P/E ratio of First Financial Bancorp. is 12.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.74. First Financial Bancorp. has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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