First Financial Bancorp

Company Profile

First Financial Bancorp had its IPO on 1990-03-26 under the ticker symbol FFBC.

The company operates in the Financial Services sector and Banks-Regional industry. First Financial Bancorp has a staff strength of 2,066 employees.

Stock update

Shares of First Financial Bancorp opened at $20.31 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $20.23 - $20.5, and closed at $20.35.

This is a +0.39% increase from the previous day's closing price.

A total volume of 231,036 shares were traded at the close of the day’s session.

In the last one week, shares of First Financial Bancorp have slipped by -5.79%.

First Financial Bancorp's Key Ratios

First Financial Bancorp has a market cap of $1.92 billion, indicating a price to book ratio of 1.1866 and a price to sales ratio of 3.5298.

In the last 12-months First Financial Bancorp’s revenue was $724.17 million with a gross profit of $673.25 million and an EBITDA of $0. The EBITDA ratio measures First Financial Bancorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, First Financial Bancorp’s operating margin was 41.18% while its return on assets stood at 1.5% with a return of equity of 11.59%.

In Q1, First Financial Bancorp’s quarterly earnings growth was a positive 68.2% while revenue growth was a positive 33.2%.

First Financial Bancorp’s PE and PEG Ratio

Forward PE

9.9206

Trailing PE

7.75

PEG

1.71

Its diluted EPS in the last 12-months stands at $2.6 per share while it has a forward price to earnings multiple of 9.9206 and a PEG multiple of 1.71. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Financial Bancorp’s profitability.

First Financial Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.5298.

First Financial Bancorp stock pays annual dividends of $0.92 per share, indicating a yield of 4.57% and a payout ratio of 35.25%.

Balance sheet and cash flow metrics

Total Assets

$16.93 billion

Total Liabilities

$1.80 billion

Operating Cash Flow

$-57491000.00

Capital Expenditure

$4.49 million

Dividend Payout Ratio

35.25%

First Financial Bancorp ended 2024 with $16.93 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $16.93 billion while shareholder equity stood at $2.12 billion.

First Financial Bancorp ended 2024 with $0 in deferred long-term liabilities, $1.80 billion in other current liabilities, 1629428000.00 in common stock, $1.02 billion in retained earnings and $1.01 billion in goodwill. Its cash balance stood at $505.30 million and cash and short-term investments were $3.89 billion. The company’s total short-term debt was $1,217,560,000 while long-term debt stood at $342.65 million.

First Financial Bancorp’s total current assets stands at $5.24 billion while long-term investments were $3.61 billion and short-term investments were $3.38 billion. Its net receivables were $1.35 billion compared to accounts payable of $577.50 million and inventory worth $0.

In 2024, First Financial Bancorp's operating cash flow was $-57491000.00 while its capital expenditure stood at $4.49 million.

Comparatively, First Financial Bancorp paid $0.35 in dividends in 2024.

Other key metrics

Current Trading Price

$20.35

52-Week High

$26.164

52-Week Low

$17.78

Analyst Target Price

$23.6

First Financial Bancorp stock is currently trading at $20.35 per share. It touched a 52-week high of $26.164 and a 52-week low of $26.164. Analysts tracking the stock have a 12-month average target price of $23.6.

Its 50-day moving average was $21.63 and 200-day moving average was $21.96 The short ratio stood at 7.43 indicating a short percent outstanding of 0%.

Around 197.1% of the company’s stock are held by insiders while 7590.6% are held by institutions.