First Financial Bancorp (FFBC) is Downgraded by Keefe Bruyette to Mkt Perform

First Financial Bancorp (FFBC) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Apr 25, 2016.

Many Wall Street Analysts have commented on First Financial Bancorp. Company shares were Reiterated by RBC Capital Mkts on Apr 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .First Financial Bancorp was Downgraded by Sandler O’Neill to ” Hold” on Mar 10, 2016. First Financial Bancorp was Downgraded by FIG Partners to ” Market Perform” on Feb 29, 2016.

On the company’s financial health, First Financial Bancorp reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.33.Analysts expectations of $ 84.50.During the same quarter in the previous year, the company posted $0.29 EPS.

First Financial Bancorp opened for trading at $18.94 and hit $19.6533 on the upside on Friday, eventually ending the session at $19.62, with a gain of 1.45% or 0.28 points. The heightened volatility saw the trading volume jump to 2,80,292 shares. Company has a market cap of $1,209 M.

In a different news, on Apr 7, 2016, Maribeth S Rahe (director) purchased 439 shares at $17.95 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.

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.

First Financial Bancorp

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