Piper Jaffray recorded First Financial (NASDAQ:FFBC), bumping up its stock price target to $23.00 today
- Updated: October 6, 2016
First Financial (NASDAQ:FFBC) had its target bumped up to $23.00 by Piper Jaffray in a report released 10/06/2016. The raised price target implies a potential upside of 0.05% based on the company's previous stock price.
Previously on 7/25/2016, KBW reported about First Financial (NASDAQ:FFBC) raised the target price from $19.00 to $21.00. At the time, this indicated a possible downside of -0.01%.
Yesterday First Financial (NASDAQ:FFBC) traded -2.56% lower at $21.84. The company’s 50-day moving average is $21.78 and its 200-day moving average is $20.13. The last stock close price is up 5.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 43,492 shares of the stock were exchanged, down from an average trading volume of 158,394
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First Financial has a 52 week low of $13.76 and a 52 week high of $22.53 with a P/E ratio of 16.37 The company’s market cap is currently $0.
In addition to Piper Jaffray reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $20.19 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 5 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About First Financial (NASDAQ:FFBC)
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing. First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts, time deposits and cash management services for commercial customers. First Financial's Wealth Management division provides a range of trust and asset management services. It operates over 110 banking centers. The Company's operating markets are located within the regions of Ohio, Indiana, and Kentucky. First Financial operates over 60 banking centers in Ohio, approximately 40 banking centers in Indiana and over four banking centers in Kentucky.
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