Barclays Reaffirms Their Sell Rating on First Financial Bancorp (FFBC)

By Carrie Williams

In a report released yesterday, Matthew Keating from Barclays maintained a Sell rating on First Financial Bancorp (FFBCResearch Report), with a price target of $26. The company’s shares opened today at $24.17, close to its 52-week low of $22.27.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.

Currently, the analyst consensus on First Financial Bancorp is a Hold with an average price target of $29.50.

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The company has a one-year high of $33.70 and a one-year low of $22.27. Currently, First Financial Bancorp has an average volume of 416.4K.

Based on the recent corporate insider activity of 152 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FFBC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Financial Bancorp (Ohio) is a bank holding company, which through its wholly owned subsidiary, First Financial Bank, engages in the provision of commercial banking, financial and other related activities. It operates through the following business lines: Commercial and Private Banking, Retail Banking, Investment Commercial Real Estate and Commercial Finance. Its products and services include borrow; digital tools; digital services; self-service; digital wallet; treasury management; employee services; financial palnning; investment management; and trust administration. The company was founded in 1982 and is headquartered in Cincinnati, OH.