RBC Capital analyst Jon Arfstrom maintained a Hold rating on First Financial Bancorp (FFBC – Research Report) on January 26 and set a price target of $24.00. The company’s shares closed last Friday at $22.86.
Arfstrom covers the Financial sector, focusing on stocks such as First Horizon, Huntington Bancshares, and Synovus. According to TipRanks, Arfstrom has an average return of 15.5% and a 57.02% success rate on recommended stocks.
First Financial Bancorp has an analyst consensus of Hold, with a price target consensus of $24.50, which is a 7.17% upside from current levels. In a report released on January 26, KBW also assigned a Hold rating to the stock with a $25.00 price target.
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Based on First Financial Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $212.08 million and a net profit of $63.06 million. In comparison, last year the company earned a revenue of $180.43 million and had a net profit of $55.71 million
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FFBC in relation to earlier this year.
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First Financial Bancorp (FFBC) Company Description:
First Financial Bancorp operates a bank holding company. The firm operates through its wholly owned subsidiary, First Financial Bank, which engages in the provision of commercial banking, financial and other related activities. It operates through the following business lines: Commercial, Retail Banking, Mortgage Banking, Wealth Management, Investment Commercial Real Estate and Commercial Finance. Its products and services include borrow; digital tools; digital services; self-service; digital wallet; treasury management; employee services; financial planning; investment management; and trust administration. The company was founded in 1983 and is headquartered in Cincinnati, OH.
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