22 July, 2017
JPMorgan Chase & Co. increased its position in First Financial Bancorp.by 1.7% in the first quarter. Bank of Montreal Can now owns 19,836 shares of the bank's stock valued at $112,000 after buying an additional 316 shares during the last quarter.
Several other hedge funds have also added to or reduced their stakes in the company.
New York State Teachers Retirement System continued to hold its position in First Financial Bancorp. The institutional investor owned 4,182 shares of the bank's stock after selling 300 shares during the period.
First Internet Bancorp (NASDAQ INBK) traded up 4.40% on Friday, reaching $29.65. Bronfman E.L. Rothschild L.P. boosted its position in First Financial Bancorp.by 2.8% in the first quarter. State Street Corp increased its position in First BanCorp.by 68.8% in the first quarter. The stock had a trading volume of 124,896 shares. IFP Advisors Inc now owns 6,506 shares of the bank's stock valued at $179,000 after buying an additional 31 shares during the period. Corporate insiders own 1.88% of the company's stock.
ILLEGAL ACTIVITY WARNING: "First BanCorp". The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 18.37 and a beta of 1.20. The lowest target is $6.50 while the high is $20. First Bancorp, Inc (ME) had a return on equity of 10.40% and a net margin of 26.94%. (NASDAQ:FFBC) last issued its earnings results on Thursday, April 20th. As of the last earnings report the EPS was $1.34 and is expected to be $1.79 for the current year with 24,654,000 shares now outstanding. The business had revenue of $86.30 million during the quarter, compared to analyst estimates of $86.84 million. Moreover, Heartland Advisors Inc has 0.07% invested in the company for 225,000 shares.
Kessler Investment Group LLC held its stake in shares of First Internet Bancorp (NASDAQ:INBK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. First Bancorp also declared a dividend that will be paid on Tuesday the 25th of July 2017. Investors of record on Friday, June 30th will be issued a $0.08 dividend.
Based on their most recently released notes to investors, 0 analysts have a rating of "buy", 3 analysts "outperform", 3 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The ex-dividend date was Wednesday, May 31st. First Financial Bancorp.'s dividend payout ratio is now 45.33%. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and worldwide trademark and copyright legislation. If you are viewing this report on another site, it was stolen and reposted in violation of United States and worldwide trademark and copyright law. The original version of this report can be read at https://stocknewstimes.com/2017/07/21/first-bancorp-fbp-lowered-to-sell-at-bidaskclub.html.
Analysts monitor the topsy-turvy day-to-day movement of equities and are able to provide an unbiased assessment of the "state of the stock". Finally, Keefe, Bruyette & Woods reissued a "buy" rating and set a $7.50 price target on shares of First BanCorp.in a research report on Wednesday, April 5th. FIG Partners downgraded First Bancorp (NASDAQ:FBNC) on Wednesday, May 11 to "Market Perform" rating. Finally, DA Davidson started coverage on First Financial Bancorp.in a report on Thursday, March 23rd. The stock has "Buy" rating by Guggenheim on Monday, July 27. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. They issued an "outperform" rating and a $32.50 target price on the stock.
In other news, EVP Nayda Rivera sold 26,081 shares of First BanCorp. stock in a transaction dated Tuesday, May 2nd. The shares were purchased at an average price of $29.89 per share, for a total transaction of $29,890.00. Following the sale, the executive vice president now owns 446,014 shares of the company's stock, valued at $2,698,384.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
BlackRock Inc. increased its position in First BanCorp.by 65,217.2% in the first quarter. The Business's principal activity is the ownership and operation of First Bank. The Bank offers a range of financial services to individuals and companies in coastal Maine.
Hedge funds have recently modified their holdings of the company.
