The President & COO of First Financial Bancorp (NASDAQ: FFBC) is Selling Shares

Today, the President & COO of First Financial Bancorp (NASDAQ: FFBC), Anthony Stollings, sold shares of FFBC for $500.6K.

Following Anthony Stollings’ last FFBC Sell transaction on December 24, 2014, the stock climbed by 15.0%. In addition to Anthony Stollings, one other FFBC executive reported Sell trades in the last month.

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Based on First Financial Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $176 million and quarterly net profit of $36.42 million. In comparison, last year the company earned revenue of $98.08 million and had a net profit of $22.74 million. FFBC’s market cap is $3.11B and the company has a P/E ratio of 19.13. Currently, First Financial Bancorp has an average volume of 215.2K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $34.00, reflecting a -6.6% downside.

In the last 30 days, insiders have sold $500.6K worth of FFBC shares and purchased $44.93K worth of FFBC shares. The insider sentiment on First Financial Bancorp has been positive according to 149 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Anthony Stollings’ trades have generated a 4.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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First Financial Bancorp (Ohio) is a bank holding company, which through its wholly owned subsidiary, First Financial Bank, engages in the provision of commercial banking, financial and other related activities. It operates through the following business lines: Commercial and Private Banking, Retail Banking, Investment Commercial Real Estate and Commercial Finance. Its products and services include borrow; digital tools; digital services; self-service; digital wallet; treasury management; employee services; financial palnning; investment management; and trust administration. The company was founded in 1982 and is headquartered in Cincinnati, OH.

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