First Financial Bancorp (FFBC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked b ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 16th: The First of Long Island Corporation (FLIC) : This holding company for The First National Bank of Long Island has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 7.1%, compared with the industry average of 2.9%. Southside Bancshares, Inc. (SBSI) : This bank holding company for Southsi ...

The reported revenue compares to the Zacks Consensus Estimate of $203.5 million, representing a surprise of +6.26%. The company delivered an EPS surprise of +10.17%, with the consensus EPS estimate being $0.59. Here is how First Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of First Financial have returned +21.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks ...

First Financial Bancorp (FFBC) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commen ...

Return on average assets for the second quarter of 2024 was 1.38% while return on average tangible common equity was 20.57% . These compare to return on average assets of 1.18% and return on average tangible common equity of 17.35% in the first quarter of 2024. (1) (1) Second quarter 2024 highlights include: ◦ Broad-based growth driven by C&I, Agile and Summit Exhibit 99.1 First Financial Bancorp Announces Second Quarter 2024 Financial Results and Quarterly Dividend Increase Cincinnati, Ohio - July 25, 2024 ...

Core Viewpoint - The company reported a decline in net charge-offs and an increase in the allowance for credit losses (ACL), while also announcing a dividend increase, reflecting positive operating performance in the first half of 2024 [1][2]. Financial Performance - Net charge-offs decreased by 23 basis points to 15 basis points, marking the third consecutive quarter of decline [1]. - The ACL increased to 1.36% of total loans, with expectations for provisions to decline in future periods [1]. - Total interest income for the three months ended June 30, 2024, was $252.719 million, a 12.9% increase from $223.895 million in the same period of 2023 [3]. - Net interest income for the same period was $153.311 million, a decrease of 3.7% compared to $159.232 million in the previous year [3]. - Provision for credit losses on loans and leases increased by 27.0% to $16.157 million compared to $12.719 million in the prior year [3]. Dividend Announcement - The Board of Directors approved a $0.01 increase in the common dividend to $0.24, resulting in a 4.3% increase and a payout ratio within the target range of 35% - 40% of net income [1]. Asset Quality - Nonperforming loans as a percentage of total assets remained relatively flat compared to the prior quarter, indicating stable asset quality [1]. - The company had $18.2 billion in assets, $11.5 billion in loans, and $13.7 billion in deposits as of June 30, 2024 [2]. Business Operations - The company operates through six lines of business, including Commercial, Retail Banking, and Wealth Management, with approximately $3.6 billion in assets under management as of June 30, 2024 [2].

Group 1 - The article highlights the innovative Style Scores system developed by Zacks, which identifies stocks with specific traits, particularly appealing to value investors [1] - First Financial Bancorp (FFBC) is presented as a notable stock for value investors, currently holding a Zacks Rank of 2 (Buy) and an A for Value [2] - FFBC's Forward P/E ratio is 8.94, significantly lower than the industry's average Forward P/E of 10.16, indicating potential undervaluation [2] Group 2 - FFBC has a P/B ratio of 0.91, which is favorable compared to the industry's average P/B of 1.78, suggesting a solid market value relative to its book value [4] - The stock's P/CF ratio stands at 7.60, also lower than the industry's average P/CF of 12.20, reinforcing the notion that FFBC may be undervalued [7] - Overall, FFBC's strong value metrics and positive earnings outlook position it as an impressive value stock in the current market [5]

Investors might want to bet on First Financial Bancorp (FFBC) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ye ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 14th: This Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.7%, compared with the industry average of 2.7%. This Zacks Rank #1 company has a dividend yield of 4.5%, compared with the industry average of 0.1%. This Zacks Rank #1 company has a dividend yield of 4.4%, compared with the industry average of 3.6%. Find more top income stocks with some of our great premium screens Janus Henderson ...

First Financial Ban (FFBC) is a stock many investors are watching right now. FFBC is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 8.61, while its industry has an average P/E of 9.81. Over the past year, FFBC's Forward P/E has been as high as 10.76 and as low as 7.29, with a median of 9.21. While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develo ...