Victory Capital Management Inc. boosted its position in First Financial Bancorp. (NASDAQ:FFBC – Get Rating) by 20.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 721,222 shares of the bank's stock after purchasing an additional 120,596 shares during the quarter. Victory Capital Management Inc. owned about 0.76% of First Financial Bancorp. worth $15,203,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in FFBC. Vanguard Group Inc. raised its stake in First Financial Bancorp. by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 10,495,128 shares of the bank's stock valued at $241,913,000 after purchasing an additional 147,057 shares during the last quarter. Macquarie Group Ltd. raised its stake in First Financial Bancorp. by 2.1% in the 2nd quarter. Macquarie Group Ltd. now owns 6,179,741 shares of the bank's stock valued at $119,889,000 after purchasing an additional 125,325 shares during the last quarter. Invesco Ltd. grew its holdings in First Financial Bancorp. by 23.2% in the 1st quarter. Invesco Ltd. now owns 622,314 shares of the bank's stock valued at $14,344,000 after buying an additional 117,362 shares during the period. Cubist Systematic Strategies LLC grew its holdings in First Financial Bancorp. by 177.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 154,581 shares of the bank's stock valued at $2,999,000 after buying an additional 98,771 shares during the period. Finally, Northern Trust Corp grew its holdings in First Financial Bancorp. by 7.4% in the 2nd quarter. Northern Trust Corp now owns 1,336,154 shares of the bank's stock valued at $25,921,000 after buying an additional 91,570 shares during the period. Institutional investors and hedge funds own 73.35% of the company's stock.
Get First Financial Bancorp. alerts:First Financial Bancorp. Stock Down 0.9 %
Shares of NASDAQ:FFBC opened at $23.12 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.86 and a current ratio of 0.86. First Financial Bancorp. has a 1 year low of $18.75 and a 1 year high of $26.72. The stock has a market capitalization of $2.19 billion, a P/E ratio of 11.12 and a beta of 1.07. The stock has a 50-day simple moving average of $24.73 and a 200-day simple moving average of $23.40.
Insider Transactions at First Financial Bancorp.
In other news, insider Richard S. Dennen sold 20,246 shares of the business's stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $26.20, for a total transaction of $530,445.20. Following the completion of the sale, the insider now owns 93,310 shares in the company, valued at approximately $2,444,722. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.11% of the company's stock.Analysts Set New Price Targets
Several analysts have commented on the company. Royal Bank of Canada lifted their price target on First Financial Bancorp. from $24.00 to $25.00 and gave the company a "sector perform" rating in a report on Monday, October 24th. StockNews.com assumed coverage on First Financial Bancorp. in a report on Wednesday, October 12th. They issued a "hold" rating for the company.
About First Financial Bancorp.
(Get Rating)
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 accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers.
Further Reading
- Get a free copy of the StockNews.com research report on First Financial Bancorp. (FFBC)
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