First Financial Bancorp. (NASDAQ: FFBC) has reported earnings for its second fiscal quarter (ending June 30) of $0.64 versus $0.70 for the same period a year ago — a decline of -9%. However, this result exceeded the consensus estimate of $0.59 by $0.05. For the latest four quarters through June 30, E.P.S. were $2.45 versus $2.79 for the same period a year ago — a decline of -12%.
Recent Price Action
On 7/25/24, First Financial Bancorp. (NASDAQ: FFBC) stock enjoyed a large increase of 2.9%, closing at $27.06. Moreover, above average trading volume at 141% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FFBC is expected to continue to be a Value Builder.
First Financial Bancorp has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. First Financial Bancorp has a good Appreciation Score of 79 but a neutral Power Rating of 46, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment