On Friday, First Financial Bancorp (NASDAQ: FFBC) opened higher 3.81% from the last session, before settling in for the closing price of $27.06. Price fluctuations for FFBC have ranged from $17.23 to $27.38 over the past 52 weeks.
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Annual sales at Financial sector company grew by 13.08% over the past five years. Company’s average yearly earnings per share was noted -10.41% at the time writing. With a float of $93.37 million, this company’s outstanding shares have now reached $95.14 million.
Let’s look at the performance matrix of the company that is accounted for 2165 employees.
First Financial Bancorp (FFBC) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of First Financial Bancorp is 2.18%, while institutional ownership is 77.40%. The most recent insider transaction that took place on May 15 ’24, was worth 248,220. In this transaction Chief Corp. Banking Officer of this company sold 10,500 shares at a rate of $23.64, taking the stock ownership to the 93,152 shares. Before that another transaction happened on Dec 19 ’23, when Company’s Director sold 14,214 for $23.94, making the entire transaction worth $340,283. This insider now owns 74,280 shares in total.
First Financial Bancorp (FFBC) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.69 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.67) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 6.91% growth over the previous five years of trading.
First Financial Bancorp (NASDAQ: FFBC) Trading Performance Indicators
Check out the current performance indicators for First Financial Bancorp (FFBC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.28. Likewise, its price to free cash flow for the trailing twelve months is 8.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.43, a number that is poised to hit 0.63 in the next quarter and is forecasted to reach 2.45 in one year’s time.
Technical Analysis of First Financial Bancorp (FFBC)
First Financial Bancorp (NASDAQ: FFBC) saw its 5-day average volume 0.51 million, a positive change from its year-to-date volume of 0.35 million. As of the previous 9 days, the stock’s Stochastic %D was 88.64%. Additionally, its Average True Range was 0.77.
During the past 100 days, First Financial Bancorp’s (FFBC) raw stochastic average was set at 98.17%, which indicates a significant increase from 97.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.76% in the past 14 days, which was higher than the 26.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.88, while its 200-day Moving Average is $22.02. Nevertheless, the first resistance level for the watch stands at $28.65 in the near term. At $29.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $30.18. If the price goes on to break the first support level at $27.11, it is likely to go to the next support level at $26.14. The third support level lies at $25.58 if the price breaches the second support level.
First Financial Bancorp (NASDAQ: FFBC) Key Stats
There are currently 95,460K shares outstanding in the company with a market cap of 2.68 billion. Presently, the company’s annual sales total 1,115 M according to its annual income of 255,860 K. Last quarter, the company’s sales amounted to 314,220 K and its income totaled 60,810 K.
