First Bancorp (NASDAQ:FBNC) Traded Above Its 50 Day Average

Remigio Civitarese
Ottobre 13, 2017

04/04/2016 - First Financial Bancorp. had its "sector perform" rating reiterated by analysts at RBC Capital. The value of the investment in FBNC went from $3,242,000 to $3,396,000 increasing 4.8% since the last quarter. First Financial Bancorp. makes up 1.9% of Dean Capital Management's portfolio, making the stock its 17th biggest holding.

TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. Ameritas Investment Partners Inc. purchased a new stake in shares of First Financial Bancorp. during the 1st quarter worth about $139,000. SG Americas Securities LLC grew its position in First Financial Bancorp.by 16.6% during the first quarter. State Street Corp boosted its position in shares of S & T Bancorp by 6.0% in the first quarter.

Stieven Capital Advisors Lp increased Southern First Bancshares In (NASDAQ:SFST) stake by 59,600 shares to 185,740 valued at $6.88M in 2017Q2.

07/25/2016 - First Financial Bancorp. was downgraded to "neutral" by analysts at Hilliard Lyons. Amalgamated Bank now owns 8,406 shares of the bank's stock worth $233,000 after purchasing an additional 102 shares during the period. Finally, GW&K Investment Management LLC bought a new position in First Financial Bancorp. during the second quarter valued at about $261,000. Institutional investors and hedge funds own 74.23% of the company's stock.

Media headlines about First Bancorp (NASDAQ:FBNC) have been trending somewhat positive on Thursday, according to Accern. As of quarter end Creative Planning had acquired a total of 2 shares growing its position 0.0%. First Bancorp (NASDAQ:FBNC) has risen 47.69% since October 12, 2016 and is uptrending.

The company now has a P/E ratio of 17.58 and market cap is 1.65B. The stock's 50 day moving average price is $32.52 and its 200-day moving average price is $30.71.

First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. They expect $0.48 earnings per share, up 108.70% or $0.25 from last year's $0.23 per share. The business had revenue of $51.79 million for the quarter, compared to analyst estimates of $49.49 million. On average, analysts predict that First Bancorp will post $1.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,266 shares. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.90%.

First Financial Bancorp. (First Financial), launched on August 2, 1982, is a regional bank holding company. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark law. The original version of this story can be accessed at https://www.truebluetribune.com/2017/10/12/first-bancorp-fbnc-receives-daily-coverage-optimism-rating-of-0-22.html.

As of quarter end Zweig-dimenna Associates LLC had sold a total of 2,030 shares trimming its holdings by 1.8%. The insider CRAWFORD JAMES C III bought 1,000 shares worth $28,809. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 801 shares of company stock worth $20,054 over the last three months.

Several equities analysts recently weighed in on the stock.

Among 11 analysts covering First Financial Bancorp (NASDAQ:FFBC), 3 have Buy rating, 1 Sell and 7 Hold. BidaskClub upgraded shares of First Financial Bancorp. from a "hold" rating to a "buy" rating in a research report on Wednesday, June 14th.

On October 5, 2017 PiperJaffray issued its first research report on the stock setting a rating of "Overweight" and a price target of $37.00.

The share price of First Financial Bancorp. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of "Buy" and a consensus target price of $35.75.

First Bancorp is the bank holding company for First Bank. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank).

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