First Financial Bancorp /oh/ (FFBC) Files Form 4 Insider Selling : Claude E Davis Sells 8,750 Shares

First Financial Bancorp /oh/ (FFBC): Claude E Davis , CEO of First Financial Bancorp /oh/ sold 8,750 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $19.74 per share for a total value of $172,681.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, Richard S Barbercheck (EVP & CCO) sold 1,500 shares at $18.97 per share price.On Apr 7, 2016, Maribeth S Rahe (director) purchased 439 shares at $17.95 per share price.Also, On Apr 7, 2016, Richard E Olszewski (director) purchased 352 shares at $17.95 per share price.On Apr 7, 2016, John T Neighbours (director) purchased 363 shares at $17.95 per share price.

First Financial Bancorp: On Wednesday, May 25, 2016 heightened volatility was witnessed in First Financial Bancorp which led to swings in the share price. The shares opened for trading at $19.7 and hit $19.81 on the upside , eventually ending the session at $19.75, with a gain of 0.87% or 0.17 points. The heightened volatility saw the trading volume jump to 3,93,405 shares. The 52-week high of the share price is $21 and the company has a market cap of $1,222 M . The 52-week low of the share price is at $13.76.

First Financial Bancorp Money Flow Index Chart

On Apr 27, 2016, First Financial Bancorp announced a cash dividend of $0.1600. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jul 1, 2016.

Company has been under the radar of several Street Analysts.First Financial Bancorp is Downgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 25, 2016.First Financial Bancorp is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 .The Rating was issued on Apr 4, 2016.First Financial Bancorp is Downgraded by Sandler O’Neill to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 10, 2016.First Financial Bancorp is Downgraded by FIG Partners to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 29, 2016.

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 wholly owned subsidiary First Financial Bank National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses includes commercial lending real estate lending and consumer financing. Real estate loans are loans secured by a mortgage lien on the real property of the borrower which may either be residential property (one to four family residential housing units) or commercial property. First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts time deposits and cash management services for commercial customers. First Financial’s Wealth Management division provides a range of trust and asset management services.

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First Financial Bancorp - Is it time to Sell?

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