Schwab Charles Investment Management Inc. Increases Stake in First Financial Bancorp. (FFBC)

Paterniano Del Favero
Agosto 13, 2017

Ameritas Investment Partners Inc. purchased a new position in First Financial Bancorp. during the first quarter worth $139,000. United Financial Bancorp, Inc. Bancorp must depend largely upon its seventeen subsidiaries for funds with which to pay the expenses of its operation and, to the extent applicable, any dividends on its outstanding shares of stock.

Several other equities analysts have also recently issued reports on the company. Finally, Piper Jaffray Companies reiterated a hold rating and set a $6.50 price target on shares of The Bancorp in a research note on Friday, July 14th. United Financial Bancorp presently has a consensus rating of "Hold" and an average target price of $17.33. Stephens began coverage on BYLINE BANCORP in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods raised United Financial Bancorp from a "market perform" rating to an "outperform" rating and upped their target price for the company from $18.50 to $20.00 in a research report on Thursday, April 20th. Wellington Management Group LLP owned approximately 0.23% of United Financial Bancorp worth $1,935,000 as of its most recent filing with the SEC. They set a "market perform" rating and a $22.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. They now have a $17.00 target price on the bank's stock. First Financial Bancorp.'s dividend payout ratio is now 45.03%. (FFBC) traded down 2.02% during midday trading on Tuesday, hitting $24.30. 7,759 shares of the stock traded hands.

United Financial Bancorp, Inc. has a 12 month low of $13.30 and a 12 month high of $18.66. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 16.09 and a beta of 1.18. The stock has a 50 day moving average price of $26.93 and a 200 day moving average price of $27.18. The Bancorp had a negative return on equity of 4.27% and a negative net margin of 16.27%.

BYLINE BANCORP (NYSE:BY) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.38 by $0.01. The business had revenue of $55.80 million during the quarter, compared to the consensus estimate of $54.22 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, equities analysts anticipate that First Financial Bancorp. will post $1.52 earnings per share for the current fiscal year.

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In related news, insider C Douglas Lefferson sold 40,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $18.14, for a total value of $308,380.00. The shares were purchased at an average price of $6.56 per share, for a total transaction of $147,586.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. bought a new position in shares of United Financial Bancorp during the second quarter worth about $173,000. Following the transaction, the director now owns 362,829 shares in the company, valued at approximately $2,271,309.54. Janney Montgomery Scott LLC boosted its stake in shares of United Financial Bancorp by 10.3% in the first quarter. AQR Capital Management LLC now owns 199,290 shares of the bank's stock valued at $5,670,000 after buying an additional 7,623 shares during the period. Finally, IFP Advisors Inc increased its position in shares of First Financial Bancorp.by 0.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,510 shares of the bank's stock valued at $156,000 after buying an additional 10,895 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of First Financial Bancorp.by 8.0% in the first quarter. SG Americas Securities LLC now owns 6,492 shares of the bank's stock worth $178,000 after buying an additional 922 shares during the last quarter. Metropolitan Life Insurance Co. First Financial Bancorp.'s dividend payout ratio (DPR) is now 45.03%. Great West Life Assurance Co. Dimensional Fund Advisors LP now owns 3,114,689 shares of the bank's stock worth $86,278,000 after buying an additional 46,235 shares in the last quarter.

The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in CT and MA, including retail, commercial and consumer banking, as well as financial advisory services.

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