Recent exceptional positive changes in fundamentals have benefitted First Financial Bancorp. (NASDAQ: FFBC): the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Financial Bancorp has a good Power Rating of 72 and a good Appreciation Score of 80, and the Highest Value Trend Rating results.
Recent Price Action
On 8/30/24, First Financial Bancorp. (NASDAQ: FFBC) stock declined slightly by -0.2%, closing at $26.47. However, this decline was accompanied by below average trading volume at 78% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.9% during the last week.
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