Mutual of America Capital Management LLC Sells 1,330 Shares of First Financial Bancorp. (NASDAQ:FFBC)

Mutual of America Capital Management LLC trimmed its position in shares of First Financial Bancorp. (NASDAQ:FFBC) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,361 shares of the bank’s stock after selling 1,330 shares during the period. Mutual of America Capital Management LLC’s holdings in First Financial Bancorp. were worth $362,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in First Financial Bancorp. by 94.0% during the second quarter. American Century Companies Inc. now owns 338,711 shares of the bank’s stock valued at $7,526,000 after acquiring an additional 164,105 shares during the period. Millennium Management LLC grew its position in shares of First Financial Bancorp. by 162.4% during the second quarter. Millennium Management LLC now owns 242,187 shares of the bank’s stock worth $5,381,000 after purchasing an additional 149,896 shares in the last quarter. Denali Advisors LLC raised its stake in First Financial Bancorp. by 41.1% during the 2nd quarter. Denali Advisors LLC now owns 302,700 shares of the bank’s stock valued at $6,726,000 after purchasing an additional 88,100 shares during the period. Choreo LLC lifted its holdings in First Financial Bancorp. by 176.3% in the 2nd quarter. Choreo LLC now owns 127,326 shares of the bank’s stock worth $2,820,000 after purchasing an additional 81,245 shares in the last quarter. Finally, Quest Partners LLC bought a new position in First Financial Bancorp. in the 2nd quarter worth approximately $1,652,000. Hedge funds and other institutional investors own 77.23% of the company’s stock.

Insider Activity at First Financial Bancorp.

In other news, insider Richard S. Dennen sold 4,068 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $30.01, for a total value of $122,080.68. Following the sale, the insider now directly owns 70,652 shares in the company, valued at $2,120,266.52. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James R. Shank sold 3,700 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $26.34, for a total transaction of $97,458.00. Following the completion of the transaction, the insider now directly owns 15,374 shares of the company’s stock, valued at approximately $404,951.16. The trade was a 19.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,700 shares of company stock valued at $335,429. Insiders own 2.04% of the company’s stock.

First Financial Bancorp. Trading Down 0.4 %

First Financial Bancorp. stock opened at $29.71 on Thursday. First Financial Bancorp. has a 1 year low of $20.05 and a 1 year high of $31.18. The firm’s 50 day moving average price is $26.42 and its 200-day moving average price is $24.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $2.84 billion, a P/E ratio of 12.81 and a beta of 0.99.

First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. First Financial Bancorp. had a net margin of 18.55% and a return on equity of 10.32%. The company had revenue of $302.82 million for the quarter, compared to the consensus estimate of $214.00 million. During the same period in the previous year, the firm posted $0.67 EPS. On average, equities analysts predict that First Financial Bancorp. will post 2.53 earnings per share for the current fiscal year.

First Financial Bancorp. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.24 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.23%. First Financial Bancorp.’s dividend payout ratio is currently 41.38%.

First Financial Bancorp. Profile

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.