Home / Daily News / Have Analysts Uncovered Value in First Financial Bancorp. (NASDAQ:FFBC)?

 

First Financial Bancorp. (NASDAQ:FFBC) currently has an Average Broker Rating of 2.6. This number is based on the 5 sell-side firms polled by Zacks. The ABR rank within the industry stands at 188.

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Analysts often use a number of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold— to describe their recommendations. But the definitions of these terms can differ from company to company. Instead of making assumptions, investors should read the definitions of all ratings used in each analyst report. They should also consider the company’s disclosures regarding what percentage of all ratings fall into either “buy,” “hold/neutral,” and “sell” groups.

Analysts on a consensus basis are expecting that the stock will reach $27.13 within the year. The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.
Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed.Technical investors generally rely heavily on price charts to help spot potential trades. Chartists will often try to interpret past movements with the goal of trying to gauge the future share price movements. Some charts can be extremely complex while others may be quite simple. Many traders will spend countless hours studying the signals to try to spot optimal entry and exit points. There are many different indicators that technical analysts can follow. Some traders will use standalone signals, and others will use a robust combination. Getting into the nitty-gritty of charting can be overwhelming for the beginner. Taking the time to completely understand what the charts are saying can be the difference between a big win and a major loss.

Most recently First Financial Bancorp. (NASDAQ:FFBC) posted quarterly earnings of $0.56 which compared to the sell-side estimates of 0.54. The stock’s 12-month trailing earnings per share stands at $2.22. Shares have moved $-0.62 over the past month and more recently, $-1.54 over the past week heading into the earnings announcement. There are 3 analyst projections that were taken into consideration from respected brokerage firms.

Technical investors generally rely heavily on price charts to help spot potential trades. Chartists will often try to interpret past movements with the goal of trying to gauge the future share price movements. Some charts can be extremely complex while others may be quite simple. Many traders will spend countless hours studying the signals to try to spot optimal entry and exit points. There are many different indicators that technical analysts can follow. Some traders will use standalone signals, and others will use a robust combination. Getting into the nitty-gritty of charting can be overwhelming for the beginner. Taking the time to completely understand what the charts are saying can be the difference between a big win and a major loss.

Buy Ratings
1 analysts rate First Financial Bancorp. a Buy or Strong Buy, which is 20% of all the analyst ratings.

Earnings
Research analysts are predicting that First Financial Bancorp. (NASDAQ:FFBC) will report earnings of $0.53 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

First Financial Bancorp. (NASDAQ:FFBC) closed the last session at $24.03 and sees an average of 288963.16 shares trade hands in each session. The 52-week low of the stock stands at $22.16 while the current level stands at 29.22% of the 52-week High-Low range. Looking further out we can see that the stock has moved 0.63% over the past 12 weeks and 1.31% year to date.

Every investor strives to maximize returns in the stock market. To achieve success in the market, investors may take many different paths. Because there are so many different strategies, one investor’s road may end up being quite different than another. Over time, the investor may have to overcome various difficulties. Trading the stock market can indeed be exhilarating, but it can also cause lots of strife. Some investors may be able to be much more aggressive when creating the stock portfolio. Others may have a much lower risk threshold and choose to play it a bit safer. Because humans are prone to error, there may be many mistakes made along the way. Investors who are able to identify mistakes and learn from them may find themselves in a much better position down the road.

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

 
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