Monitor The Insider Activity Of First Financial Bancorp. (FFBC)


As of Wednesday close, First Financial Bancorp.’s (NASDAQ:FFBC) stock was down -$0.1, moving down -0.38 percent to $25.95. The average number of shares traded per day over the past five days has been 258,540 shares. 5 times new highs have been achieved over the past 5 days, with a $0.76 gain in that time frame. In the last twenty days, the average volume was 302,700, while in the previous 50 days, it was 319,552.

Since last month, FFBC stock rose 5.83%. Shares of the company fell to $23.98 on 10/24/22, the lowest level in the past month. A 52-week high of $26.83 was reached on 01/14/22 after having rallying from a 52-week low of $18.75. Since the beginning of this year, FFBC’s stock price has risen by 6.44% or $1.57, and marked a new high 7 times. However, the stock has declined by -3.28% since its 52-week high.

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FFBC stock investors should be aware that First Financial Bancorp. (FFBC) stock had its last reported insider trading activity 22 days ago on Nov 02. DAVIS CLAUDE E, the Chair of the Board of the company, disposed of 25,000 shares for $25.65 on Nov 02. It resulted in a $641,300 divestment by the insider. Dennen Richard S sold 20,246 shares at an average price of $26.20 on Nov 01. The insider now owns 93,310 shares following the transaction. On Jul 28, Director Warzala Gary W bought 45 shares at $22.06 apiece. The transaction was valued at $1,000.

Valuation Metrics

Right now, First Financial Bancorp. (FFBC) has a P/E ratio of about 12.52. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 4.73, the price-to-book (PB) ratio of 1.22, and the price-to-cash flow ratio of 13.49 may also be considered.

The latest dividend of $0.23 per share was paid out, remained unchanged from last year’s $0.23. On Thursday July 18 2019, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.18, and the total debt-to-equity ratio was 0.18. In the year ended September 29, operating margins totaled 93.20%. Based on annual data, FFBC earned $452.12 million in gross profit and brought in $483.22 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.30%. Return on equity (ROE) for the past 12 months was 9.20%.

In First Financial Bancorp.’s quarter-end financial report for September 29, it reported total debt of $355.12 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected First Financial Bancorp. to report $0.6 quarterly earnings, the actual figure was $0.59 per share, beating the consensus estimate by -1.70%. The value of shareholders’ equity is $94.84 million.

Technical Picture

This quick technical analysis looks at First Financial Bancorp.’s (FFBC) price momentum. With a historical volatility rate of 19.53%, the RSI 9-day stood at 60.23% on 23 November.

With respect to its five-day moving average, the current First Financial Bancorp. price is up by +3.02% percent or $0.76. At present, FFBC shares trade +5.53% above its 20-day simple moving average and +31.19% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.31% above its SMA50 and -0.23% below its SMA200.

Stochastic coefficient K was 66.23% and Stochastic coefficient D was 52.05%, while ATR was 0.55. Given the Stochastic reading of 70.55% for the 14-day period, the RSI (14) reading has been calculated as 60.63%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at 0.22.

Analyst Ratings

First Financial Bancorp. downgraded its rating on First Financial Bancorp. (NASDAQ: FFBC) to a Neutral in a note to investors on March 03, 2021. The analysts firm previously had an Overweight rating on the stock.First Financial Bancorp. (FFBC) has been rated Hold by analysts. According to 0 brokerage firms, FFBC is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate First Financial Bancorp. stock as buy, with 0 recommending it as overweight.

With a median target price of $25.00, the current consensus forecast for the stock is $24.00 – $27.00. Based on these forecasts, analysts predict First Financial Bancorp. (FFBC) will achieve an average price target of $25.40.


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