First Financial Bancorp [FFBC] stock prices are down -0.89% to $26.10 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FFBC shares have gain 11.85% over the last week, with a monthly amount glided 23.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Piper Sandler upgraded its rating to Overweight on July 10, 2023, and elevated its price target to $24. On March 03, 2021, downgrade downgraded it’s rating to Neutral and revised its price target to $23 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $22 on February 01, 2021. Piper Jaffray upgraded its rating to a Overweight. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on February 25, 2019, and downed its price target to $30. In a note dated November 29, 2018, Sandler O’Neill downgraded an Hold rating on this stock.
The stock price of First Financial Bancorp [FFBC] has been fluctuating between $17.23 and $26.50 over the past year. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. First Financial Bancorp [NASDAQ: FFBC] shares were valued at $26.10 at the most recent close of the market. An investor can expect a potential drop of -4.21% based on the average FFBC price forecast.
Analyzing the FFBC fundamentals
The First Financial Bancorp [NASDAQ:FFBC] reported sales of 1.14B for trailing twelve months, representing a surge of 8.97%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.74 points at the first support level, and at 25.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.59, and for the 2nd resistance point, it is at 27.07.
Ratios To Look Out For
It’s worth pointing out that First Financial Bancorp [NASDAQ:FFBC]’s Current Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 2.19, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 10.52.
Transactions by insiders
Recent insider trading involved Dennen Richard S, Chief Corp. Banking Officer, that happened on May 15 ’24 when 10500.0 shares were sold. Director, BARRON WILLIAM G completed a deal on Dec 19 ’23 to sell 14214.0 shares. Meanwhile, Chief Corp. Banking Officer Dennen Richard S sold 11640.0 shares on Aug 18 ’23.
