Tag Archive : FFBC

Keep Your Eyes on Stock News: First Financial Bancorp. (NASDAQ:FFBC)

First Financial Bancorp. (NASDAQ:FFBC) stock identified change of 31.21% away from 52-week low price and recently located move of -45.74% off 52-week high price. It has market worth of $1.44B and dividend yield of 6.47%. FFBC stock has been recorded 6.21% away from 50 day moving average and -26.38% away from 200 day moving average. Moving closer, we can see that shares have been trading 7.28% off 20-day moving average.

  • Earnings per diluted share of $0.38; $0.40 on an adjusted (1) basis
  • Return on average assets of 0.96%; 1.00% as adjusted (1)
  • 5% efficiency ratio; 56.1% as adjusted (1)
  • Record core fee income driven by $16.7 million of mortgage banking income
  • $20.2 million total provision for credit losses

On July 23, 2020, First Financial Bancorp. (NASDAQ:FFBC) reported financial results for the three and six months ended June 30, 2020.

For the three months ended June 30, 2020, the Company reported net income of $37.4 million, or $0.38 per diluted common share.  These results compare to net income of $28.6 million, or $0.29 per diluted common share, for the first quarter of 2020 and $52.7 million, or $0.53 per diluted common share, for the second quarter of 2019.  For the six months ended June 30, 2020, First Financial had earnings per diluted common share of $0.67 compared to $1.00 for the same period in 2019.

Return on average assets for the second quarter of 2020 was 0.96% while return on average tangible common equity was 12.90%.  These compare to returns on average assets of 0.79% and 1.50%, and returns on average tangible common equity of 9.71% and 17.33%, in the first quarter of 2020 and the second quarter of 2019, respectively.

The Financial sector company, First Financial Bancorp. noticed change of 2.60% to $14.21 along volume of 336162 shares in recent session compared to an average volume of 614.56K shares. The stock observed return of 1.94% in 5 days trading activity. The stock was at 5.85% over one month performance. FFBC’s shares are at 5.89% for the quarter and driving a -43.52% return over the course of the past year and is now at -44.14% since this point in 2018.

The average volatility for the week at 4.47% and for month was at 5.14%. There are 97.74M shares outstanding and 95.84M shares are floated in market. Right now the stock beta is 1.21.