Stephens analyst Terry McEvoy maintained a Buy rating on First Financial Bancorp (FFBC) yesterday and set a price target of $30. The company’s shares closed yesterday at $24.08, close to its 52-week low of $24.05.
According to TipRanks.com, McEvoy is a 4-star analyst with an average return of 5.2% and a 54.9% success rate. McEvoy covers the Financial sector, focusing on stocks such as Chemical Financial Corp, Wintrust Financial Corp, and Midland States Bancrop.
Currently, the analyst consensus on First Financial Bancorp is a Hold with an average price target of $29.83.
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Based on First Financial Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $50.66 million. In comparison, last year the company had a net profit of $24.83 million.
Based on the recent corporate insider activity of 151 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FFBC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
