How are energy investors positioned?
In a recent transaction, Morris Dawn, a director at First Financial Bancorp (NASDAQ:FFBC), sold 787 shares of common stock. The bank, currently trading at $24.22 with a P/E ratio of 9.97, has maintained dividend payments for 43 consecutive years and offers a 3.96% dividend yield. The shares were sold at a price of $24.15 each, bringing the total value of the transaction to $19,006. Following this sale, Dawn retains ownership of 7,960 shares in the company. The transaction was reported for the period ending May 30, 2025. According to InvestingPro analysis, the stock currently appears undervalued, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
In other recent news, First Financial Bancorp reported its first-quarter earnings for 2025, meeting analysts’ expectations with an adjusted earnings per share of $0.63. However, the company faced a revenue shortfall, reporting $200.38 million against the forecasted $214.8 million. During the same period, shareholders approved several key proposals, including the election of directors and the ratification of Crowe LLP as the independent registered accounting firm for the fiscal year ending December 31, 2025. RBC Capital Markets revised its price target for First Financial Bancorp from $30.00 to $27.00, maintaining a Sector Perform rating, reflecting the company’s satisfactory first-quarter results despite some moderation and seasonal influences. The bank’s strategic focus on deposit pricing was noted as a proactive measure to mitigate potential impacts from future rate decreases. First Financial Bancorp also highlighted a 3.3% decline in non-interest expenses, showcasing effective cost management. The company anticipates modest loan growth and expects interest rate cuts in the coming months. Additionally, First Financial Bancorp received the Gallup Exceptional Workplace Award for associate engagement and an outstanding Community Investment Act rating from the Federal Reserve, underscoring its commitment to community service and engagement.
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