First Financial Bank N.a. – Trust Division Lowers stake in First Financial Bancorp (FFBC)

First Financial Bancorp (FFBC) : First Financial Bank N.a. – Trust Division reduced its stake in First Financial Bancorp by 2.2% during the most recent quarter end. The investment management company now holds a total of 607,367 shares of First Financial Bancorp which is valued at $13,088,759 after selling 13,665 shares in First Financial Bancorp , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.First Financial Bancorp makes up approximately 2.43% of First Financial Bank N.a. – Trust Division’s portfolio.

Other Hedge Funds, Including , Simplex Trading added FFBC to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $2,134.Bnp Paribas Arbitrage Sa reduced its stake in FFBC by selling 9,944 shares or 50.39% in the most recent quarter. The Hedge Fund company now holds 9,789 shares of FFBC which is valued at $213,792.

First Financial Bancorp closed down -0.1 points or -0.46% at $21.45 with 2,04,495 shares getting traded on Tuesday. Post opening the session at $21.6, the shares hit an intraday low of $21.2 and an intraday high of $21.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on First Financial Bancorp. First Financial Bancorp was Downgraded by Hilliard Lyons to ” Neutral” on Jul 25, 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.

Leave a Reply

First Financial Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on First Financial Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.