First Financial Bancorp (FFBC) to Issue Quarterly Dividend of $0.19

First Financial Bancorp (NASDAQ:FFBC) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Investors of record on Thursday, March 1st will be paid a dividend of 0.19 per share by the bank on Thursday, March 15th. This represents a $0.76 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from First Financial Bancorp’s previous quarterly dividend of $0.17.

Shares of First Financial Bancorp (NASDAQ:FFBC) opened at $29.20 on Wednesday. First Financial Bancorp has a 52-week low of $22.80 and a 52-week high of $29.65. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $1,819.33, a PE ratio of 17.76, a P/E/G ratio of 1.39 and a beta of 1.19.

First Financial Bancorp (NASDAQ:FFBC) last announced its earnings results on Thursday, January 18th. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $94.00 million for the quarter, compared to analyst estimates of $90.05 million. First Financial Bancorp had a return on equity of 11.51% and a net margin of 26.11%. During the same quarter in the prior year, the company earned $0.38 EPS. research analysts forecast that First Financial Bancorp will post 2.11 earnings per share for the current year.

Several research analysts have issued reports on FFBC shares. Hilliard Lyons upgraded First Financial Bancorp from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Monday, January 22nd. Barclays increased their price target on First Financial Bancorp from $27.00 to $30.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. BidaskClub lowered First Financial Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Finally, FIG Partners upgraded First Financial Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.90.

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First Financial Bancorp Company Profile

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.

Dividend History for First Financial Bancorp (NASDAQ:FFBC)

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