First Financial Bancorp (FFBC) volume exceeds 0.51 million: A new investment opportunity for investors

First Financial Bancorp (NASDAQ: FFBC) kicked off on Friday, up 5.10% from the previous trading day, before settling in for the closing price of $25.47. Over the past 52 weeks, FFBC has traded in a range of $17.23-$28.25.

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 13.08%. While this was happening, its average annual earnings per share was recorded -7.58%. With a float of $93.41 million, this company’s outstanding shares have now reached $95.14 million.

Considering the fact that the conglomerate employs 2165 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 99.99%, operating margin of 27.54%, and the pretax margin is 26.05%.

First Financial Bancorp (FFBC) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of First Financial Bancorp is 2.17%, while institutional ownership is 78.19%. The most recent insider transaction that took place on Aug 02 ’24, was worth 260,800. Before that another transaction happened on Jul 30 ’24, when Company’s Chief Corp. Banking Officer sold 12,500 for $27.43, making the entire transaction worth $342,875. This insider now owns 80,652 shares in total.

First Financial Bancorp (FFBC) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -7.58% 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

Take a look at First Financial Bancorp’s (FFBC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.17. Likewise, its price to free cash flow for the trailing twelve months is 9.31.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.43, a number that is poised to hit 0.66 in the next quarter and is forecasted to reach 2.51 in one year’s time.

Technical Analysis of First Financial Bancorp (FFBC)

Compared to the last year’s volume of 0.36 million, its volume of 0.35 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 92.81%. Additionally, its Average True Range was 0.77.

During the past 100 days, First Financial Bancorp’s (FFBC) raw stochastic average was set at 80.68%, which indicates a significant decrease from 92.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.91% in the past 14 days, which was lower than the 28.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $24.08, while its 200-day Moving Average is $22.63. Nevertheless, the first resistance level for the watch stands at $27.35 in the near term. At $27.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.83. If the price goes on to break the first support level at $25.87, it is likely to go to the next support level at $24.97. Now, if the price goes above the second support level, the third support stands at $24.39.

First Financial Bancorp (NASDAQ: FFBC) Key Stats

The company with the Market Capitalisation of 2.56 billion has total of 95,460K Shares Outstanding. Its annual sales at the moment are 1,115 M in contrast with the sum of 255,860 K annual income. Company’s last quarter sales were recorded 314,220 K and last quarter income was 60,810 K.