In a report released yesterday, Christopher Mcgratty from KBW reiterated a Hold rating on First Financial Bancorp (NASDAQ: FFBC), with a price target of $27. The company’s shares closed yesterday at $25.50.
According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 12.9% and a 68.7% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Carolina Financial Corporation, and First Connecticut Bancorp Inc.
First Financial Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $28.67.
Based on First Financial Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $96.17 million and quarterly net profit of $24.41 million. In comparison, last year the company earned revenue of $90.5 million and had a net profit of $19.81 million.
Based on the recent corporate insider activity of 196 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Douglas Lefferson, the President – Community Banking of FFBC bought 28,200 shares for a total of $87,716.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Financial Bancorp (Ohio) is a holding company, which through its wholly owned subsidiary, First Financial Bank, engages in the provision of commercial banking and other banking and banking-related activities. It offers services to individuals and businesses such as commercial lending, real estate lending, and consumer financing. The firm also provides deposit products that include interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. The company was founded in 1982 and is headquartered in Cincinnati, OH.