First Financial Bancorp. (NASDAQ:FFBC) went up by 6.41% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Banks – Regional giant went up by $13.62 to trade ended Monday trading at $12.80. This is up from the $12.8 price recorded on Friday’s trading session. Thanks to this latest performance, FFBC is closer to the higher price 52-week target of $16.50 and further from the lowest price target of $15.00. Its performance from the start of the year has also been negative, with FFBC down by -46.46% year-to-date.
First Financial Bancorp. (FFBC) started the day trading at $13.05 and recorded an intraday high of $13.8. It also recorded an intraday low of $12.98 during Monday’s trading session. First Financial Bancorp. is a very active stock that recorded a trading volume that is less than -63.62% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 410796, which is less than -63.62 of the total average daily trading volume of 672.16K.
First Financial Bancorp. (NASDAQ:FFBC) 2020 Performance Impressive
The increase in FFBC’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of FFBC currently stands at $26.19, which is higher than the current trading price of the stock by 48.0%. However, FFBC’s current trading price is -25.76% lower than the 52-week low price of $10.83. In terms of trading volume, First Financial Bancorp. currently experienced healthy participation during the last trading session. 410796 shares of First Financial Bancorp. were traded on the stock exchange on Monday, which is less than -63.62% of the 672.16K average trading volume of the stock.
The performance of the stock has been positive over the past year. FFBC’s performance over the past one year has seen it plunge by -43.77%, while the stock has gone down by -46.55% in the last six months. The quarterly performance of FFBC currently stands at -9.92%, and it is up by 2.48% in the last month. The only negative figure was from the weekly performance, which currently reads -0.44%. At the time of writing FFBC’s report, the company has a total market cap of $1.40B, making it one of the largest publicly-traded companies in the world.First Financial Bancorp. also has over 2123 employees all over the world.
FFBC Insider Activities
For First Financial Bancorp., insiders hold 79.50% of all company shares. The insider transactions over the past six months are up by 13.40%. During that period, insiders bought 203,043 shares in 34 transactions. In that same period, insiders sold 28,698 of their shares in 30 transactions. After these transactions, insiders at First Financial Bancorp. now hold 2.06M shares, which is over 80.21% of the total company stocks. Institutional investors currently hold a large chunk of the FFBC shares, as they control 2.10% of the company’s total stock.
FFBC Fundamental Analysis
For First Financial Bancorp., the stock’s diluted earnings per share (EPS) stands at 1.83. In the coming year, analysts expect the EPS to be 1.21. The EPS growth will up over the next five years to 10.00% after surging by 12.90% in the previous five years. In terms of revenue, First Financial Bancorp.’s quarterly sales (YOY) is growing at 0.27, which is lower than the average annual revenue of 12.90% over the past half a decade.
The Return on Investment (ROI) on First Financial Bancorp.’s stock currently stands at 16.90%, and it has a net profit margin of 30.40%. The operating margin of the company is 77.40%.
FFBC Analysts Prediction
The Keefe Bruyette has a Mkt Perform rating for First Financial Bancorp., predicting the stock price to stay between $31 and $30.
Analysts at Barclays believe that FFBC is Underweight, and they have a price target of between $27 and $30.
At the moment, First Financial Bancorp.’s Total Debt to Equity ratio stands at 0.08, and they have a long-term Debt to Equity ratio of 0.08.
FFBC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of FFBC currently stands at -2.51%, while the SMA50 is -0.56%. The biggest one is the SMA200, which is currently reading -32.81% ahead of Monday’s trading session. The Relative Strength Index of this stock is 48.04, while its price to earnings ratio (P/E) is 7.45.