First Financial Bancorp ( (FFBC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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First Financial Bancorp’s stock experienced unusual movement due to its strong third quarter results, reporting an adjusted net income of $72.6 million and a return on tangible common equity of 19.3%. The company’s outstanding financial performance and approval for the Westfield merger led to a price target increase. Analysts upgraded the stock to Outperform, showing confidence in its growth potential.
More about First Financial Bancorp
YTD Price Performance: -6.81%
Average Trading Volume: 490,754
Technical Sentiment Signal: Buy
Current Market Cap: $2.33B
For further insights into FFBC stock on TipRanks’ Stock Analysis page.
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