First Financial Bancorp. (FFBC) Analysts See $0.51 EPS; Ardsley Advisory Partners Cut Its Pattern Energy Group (PEGI) Holding

June 19, 2018 - By Marie Mckinney

First Financial Bancorp. (NASDAQ:FFBC) Logo

Analysts expect First Financial Bancorp. (NASDAQ:FFBC) to report $0.51 EPS on July, 24.They anticipate $0.14 EPS change or 37.84% from last quarter’s $0.37 EPS. FFBC’s profit would be $49.88 million giving it 15.91 P/E if the $0.51 EPS is correct. After having $0.52 EPS previously, First Financial Bancorp.’s analysts see -1.92% EPS growth. The stock increased 0.46% or $0.15 during the last trading session, reaching $32.45. About 221,429 shares traded. First Financial Bancorp. (NASDAQ:FFBC) has risen 23.26% since June 19, 2017 and is uptrending. It has outperformed by 10.69% the S&P500. Some Historical FFBC News: ; 19/04/2018 – FITCH UPGRADES FIRST BANK OF NIGERIA’S SUB NOTES TO ‘CC; 29/05/2018 – First Fincl Bancorp Ohio Completes Conversion of MainSource Fincl Group Into First Fincl; 24/05/2018 – BNY Mellon First Bank to Offer Request for Payment Messaging Capabilities on The Clearing House’s Real-Time Payments Network; 12/03/2018 – MOODY’S ASSIGNS A BAA2 RATING TO FIRST NATIONAL OF NEBRASKA’S SUBORDINATED DEBT AND AFFIRMS SUBSIDIARY FIRST NATIONAL BANK OF OMAHA’S RATINGS (DEPOSITS AT A2); OUTLOOK REMAINS STABLE; 03/04/2018 – SQN Banking Systems Partners with First Bank and Trust of New Orleans to Stop Bogus Checks; 09/04/2018 – TRIUMPH TO BUY FIRST BANCORP OF DURANGO, SOUTHERN COLORADO; 19/04/2018 – PREMIER FINANCIAL BANCORP INC – DEAL FOR $32.00 PER FIRST BANK SHARE; 16/05/2018 – Cincinnati Business Courier: EXCLUSIVE: First Financial names lead independent director; 09/04/2018 – TRIUMPH BANCORP INC – SIGNED DEFINITIVE AGREEMENTS TO ACQUIRE FIRST BANCORP OF DURANGO, INC. AND SOUTHERN COLORADO CORP; 16/05/2018 – CincinnatiBusCou: EXCLUSIVE: First Financial names lead independent director

Ardsley Advisory Partners decreased Pattern Energy Group Inc (PEGI) stake by 30.14% reported in 2018Q1 SEC filing. Ardsley Advisory Partners sold 212,500 shares as Pattern Energy Group Inc (PEGI)’s stock declined 2.34%. The Ardsley Advisory Partners holds 492,500 shares with $8.51 million value, down from 705,000 last quarter. Pattern Energy Group Inc now has $1.88 billion valuation. The stock decreased 0.83% or $0.16 during the last trading session, reaching $19.19. About 876,999 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has declined 19.62% since June 19, 2017 and is downtrending. It has underperformed by 32.19% the S&P500. Some Historical PEGI News: ; 21/04/2018 – DJ Pattern Energy Group Inc Class A, Inst Holders, 1Q 2018 (PEGI); 14/03/2018 – Pattern Energy Arranges Financing for Montana Wind Project; 10/05/2018 – PATTERN’S PUERTO RICO FARM SANTA ISABEL OPERATING BUT NOT FULLY; 10/05/2018 – Pattern Energy Group 1Q Rev $111.7M; 14/03/2018 Pattern Development Completes Financing of Stillwater Wind Project in Montana; 22/03/2018 – Pattern Energy Completes First Wind Power Facility in Japan; 24/05/2018 – Pattern Energy Group Selling Chile Operation to Affiliates of Arroyo Energy Investors; 21/05/2018 – Pattern Acquires New Mexico Wind Project and Transmission Line; 24/05/2018 – PATTERN ENERGY TO SELL OPS IN CHILE TO ARROYO ENERGY AFFILIATES; 10/05/2018 – PATTERN ENERGY DOES NOT ANTICIPATE EQUITY RAISE `ANYTIME SOON’

First Financial Bancorp. operates as the bank holding firm for First Financial Bank that provides commercial banking and other banking, and banking-related services to individuals and businesses in Ohio, Indiana, and Kentucky. The company has market cap of $3.17 billion. The firm accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. It has a 19.55 P/E ratio. It also provides real estate loans secured by residential property or commercial property; commercial and industrial loans for various purposes, including inventory, receivables, and equipment; consumer loans comprising new and used vehicle loans, second mortgages on residential real estate, and unsecured loans; and home equity lines of credit.

Among 12 analysts covering First Financial Bancorp (NASDAQ:FFBC), 2 have Buy rating, 1 Sell and 9 Hold. Therefore 17% are positive. First Financial Bancorp had 40 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by Hilliard Lyons to “Buy” on Monday, January 22. The firm has “Buy” rating given on Friday, April 20 by Sandler O’Neill. The firm has “Neutral” rating by Hilliard Lyons given on Monday, April 23. On Tuesday, January 2 the stock rating was maintained by Barclays Capital with “Sell”. Piper Jaffray maintained the stock with “Hold” rating in Monday, October 23 report. The firm has “Buy” rating by Sandler O’Neill given on Monday, April 2. The stock of First Financial Bancorp. (NASDAQ:FFBC) earned “Hold” rating by Piper Jaffray on Friday, October 6. The firm has “Outperform” rating by FIG Partners given on Friday, January 22. The rating was upgraded by Sandler O’Neill on Tuesday, January 26 to “Buy”. The stock has “Buy” rating by Sandler O’Neill on Friday, July 28.

Since January 16, 2018, it had 19 insider buys, and 2 selling transactions for $1.06 million activity. $9,617 worth of First Financial Bancorp. (NASDAQ:FFBC) was bought by Rahe Maribeth S on Tuesday, January 16. The insider PURKRABEK KNUST SUSAN L bought $6,594. On Tuesday, April 17 the insider Neighbours John T bought $9,412. Barker David S bought $9,391 worth of stock. $5,556 worth of First Financial Bancorp. (NASDAQ:FFBC) shares were bought by Booth Cynthia O. Ringwald Bradley J sold $62,210 worth of First Financial Bancorp. (NASDAQ:FFBC) on Monday, April 30. The insider olszewski richard e bought 302 shares worth $8,773.

Investors sentiment decreased to 1.41 in Q1 2018. Its down 0.11, from 1.52 in 2017Q4. It fall, as 19 investors sold First Financial Bancorp. shares while 47 reduced holdings. 35 funds opened positions while 58 raised stakes. 53.99 million shares or 12.40% more from 48.03 million shares in 2017Q4 were reported. Louisiana State Employees Retirement Systems reported 43,300 shares or 0.06% of all its holdings. Moreover, Glenmede Na has 0% invested in First Financial Bancorp. (NASDAQ:FFBC). Martingale Asset Limited Partnership reported 37,007 shares stake. Walthausen & Ltd Limited Liability Company, New York-based fund reported 399,744 shares. California State Teachers Retirement System has 0.01% invested in First Financial Bancorp. (NASDAQ:FFBC) for 93,871 shares. 53,062 were reported by Shoker Counsel. The New York-based Stone Ridge Asset Management Limited Liability Corp has invested 0.02% in First Financial Bancorp. (NASDAQ:FFBC). 238,372 were reported by Invesco Limited. Maltese Capital Mgmt Limited Liability has invested 0.76% in First Financial Bancorp. (NASDAQ:FFBC). Dean Capital Mgmt stated it has 1.73% in First Financial Bancorp. (NASDAQ:FFBC). Profund Advsr Limited Liability Com reported 17,130 shares or 0.02% of all its holdings. Amer Gru Incorporated Inc reported 0% in First Financial Bancorp. (NASDAQ:FFBC). Management holds 0.68% of its portfolio in First Financial Bancorp. (NASDAQ:FFBC) for 15,000 shares. State Bank Of New York Mellon Corp reported 1.19M shares. Teacher Retirement Of Texas invested 0% of its portfolio in First Financial Bancorp. (NASDAQ:FFBC).

Another recent and important First Financial Bancorp. (NASDAQ:FFBC) news was published by Nasdaq.com which published an article titled: “New Research: Key Drivers of Growth for Columbia Banking System, Helmerich & Payne, Spirit Airlines, Keane Group …” on June 18, 2018.

Investors sentiment decreased to 1.34 in 2018 Q1. Its down 0.21, from 1.55 in 2017Q4. It is negative, as 17 investors sold PEGI shares while 47 reduced holdings. 24 funds opened positions while 62 raised stakes. 90.43 million shares or 10.86% more from 81.57 million shares in 2017Q4 were reported. Voya Invest Management holds 0% or 30,400 shares in its portfolio. Daiwa Sb Invs owns 162,477 shares. The California-based Parallax Volatility Advisers LP has invested 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). Marshall Wace Llp invested in 0.02% or 32,400 shares. First Advsr Ltd Partnership holds 94,798 shares or 0% of its portfolio. State Street Corporation reported 0% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Amundi Pioneer Asset Management Incorporated holds 201,607 shares. 288,316 were accumulated by Goldman Sachs Gru. Schwab Charles Investment reported 0.01% stake. 3,760 were accumulated by San Francisco Sentry Investment Gru (Ca). Cbre Clarion Securities Limited Liability Company stated it has 0.02% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Agf Investments America Incorporated holds 140,961 shares or 0.93% of its portfolio. 112,050 are held by Narwhal Cap Mngmt. American Registered Inv Advisor Inc has invested 0.18% in Pattern Energy Group Inc. (NASDAQ:PEGI). Retail Bank Of Montreal Can holds 68,104 shares or 0% of its portfolio.

More notable recent Pattern Energy Group Inc. (NASDAQ:PEGI) news were published by: Seekingalpha.com which released: “Pattern’s 9% Dividend Analyzed” on June 04, 2018, also Nasdaq.com with their article: “New Research Coverage Highlights Ichor, SCANA, Pattern Energy Group, Arthur J. Gallagher, Premier, and Azul …” published on June 15, 2018, Seekingalpha.com published: “Pattern Energy Group: Go Where The Wind Blows” on May 22, 2018. More interesting news about Pattern Energy Group Inc. (NASDAQ:PEGI) were released by: Fool.com and their article: “2 Hated Dividend Stocks to Buy Now” published on June 14, 2018 as well as Streetinsider.com‘s news article titled: “Pattern Energy (PEGI) Announces Agreement to Sell Operations in Chile for $67M” with publication date: May 24, 2018.

Analysts await Pattern Energy Group Inc. (NASDAQ:PEGI) to report earnings on August, 14. They expect $0.09 EPS, down 43.75% or $0.07 from last year’s $0.16 per share. PEGI’s profit will be $8.83 million for 53.31 P/E if the $0.09 EPS becomes a reality. After $1.32 actual EPS reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts -93.18% negative EPS growth.

Since February 1, 2018, it had 2 insider purchases, and 1 insider sale for $208,097 activity. $49,231 worth of Pattern Energy Group Inc. (NASDAQ:PEGI) was sold by Pedersen Esben W. on Thursday, February 1. $171,926 worth of Pattern Energy Group Inc. (NASDAQ:PEGI) was bought by BATKIN ALAN R. Shares for $85,402 were bought by Hall Douglas G. on Tuesday, March 6.

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