On November 26, 2024, Gregory Harris, President of Wealth Management at First Financial Bancorp, sold 5,400 shares of the company. Following this transaction, the insider now owns 37,879 shares of the company. The details of this transaction can be found in the SEC Filing.
First Financial Bancorp (FFBC, Financial) is a financial holding company headquartered in Cincinnati, Ohio. The company provides a wide range of banking services to individuals and businesses through its subsidiary, First Financial Bank. These services include commercial lending, real estate lending, and consumer lending, as well as deposit products.
The insider transaction history for First Financial Bancorp indicates that there have been no insider buys over the past year, while there have been 14 insider sells during the same period. Over the past year, Gregory Harris has sold a total of 5,400 shares and has not purchased any shares.
On the day of the recent sale, shares of First Financial Bancorp were trading at $29.81, giving the stock a market cap of $2.845 billion. The company's price-earnings ratio is 12.84, which is higher than the industry median of 10.84 and also higher than the company’s historical median price-earnings ratio.
With a price of $29.81 and a GF Value of $25.53, First Financial Bancorp has a price-to-GF-Value ratio of 1.17, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
