Raymond James Financial Inc. downgraded First Financial Bancorp (NASDAQ:FFBC) to Market Perform in a report released today.
- Updated: October 6, 2016
Raymond James Financial Inc. has downgraded First Financial Bancorp (NASDAQ:FFBC) to Market Perform in a report released on 10/06/2016.
Previously on 07/25/2016, KBW reported on First Financial Bancorp (NASDAQ:FFBC) increased the target price from $19.00 to $21.00. At the time, this indicated a possible downside of -0.01%.
Just yesterday First Financial Bancorp (NASDAQ:FFBC) traded -2.56% lower at $21.84. First Financial Bancorp’s 50-day moving average is $21.78 and its 200-day moving average is $20.13. The last closing price is up 5.73% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 43,492 shares of FFBC traded hands, down from an average trading volume of 158,394
Recent Performance Chart
First Financial Bancorp has 52 week low of $13.76 and a 52 week high of $22.53 with a PE ratio of 16.37 and has a market capitalization of $0.
A total of 8 brokerages have issued a ratings update on First Financial Bancorp. One brokerage rating the company a strong buy, two brokerages rating the company a buy, five brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $20.19.
General Company Details For First Financial Bancorp (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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