Worthwhile Stock:- First Financial Bancorp. (NASDAQ: FFBC)

First Financial Bancorp (NASDAQ: FFBC) stock dropped -2.2% and closed at 31.1 on Tuesday. The stock opened the session at $31.5 and touched its highest price point at $31.8. Its recent trading capacity is 405131 shares versus to its average trading volume of 449404 shares. The company’s stock’s lowest price point for the session stood at $30.9.FFBC traded as low as $ 22.8 in the past 52 weeks, and shares hit its peak level to $32.6.

First Financial Bancorp. (NASDAQ: FFBC) declared that it has completed the conversion of MainSource Financial Group into First Financial as the final step of the merger of the two companies. The systems, locations and branding were combined over Memorial Day weekend, resulting in more than 150 banking center locations across First Financial’s footprint of Ohio, Indiana, Illinois and Kentucky.

Additionally, this strategic combination has increased the bank’s total asset size from $8.9 billion to approximately $14 billion and positions First Financial as the fourth largest bank ranked in deposits in its headquarter market of Cincinnati.

Archie Brown, CEO of First Financial Bank said “We open our doors today as a stronger organization with an increased depth of products, services, talent and size to compete in a rapidly evolving industry”. “Most importantly, we have combined our great teams to better serve our clients, both now and in the future.”

Claude Davis, Executive Chairman of First Financial Bank said “This is a significant day in our company’s history”. “It’s something we’ve worked toward during the course of my time here, and it marks the beginning of an exciting new chapter for our bank. I’m proud of all we have accomplished, and look forward to continuing our trajectory of growth.”

Shares of First Financial Bancorp. have been recently spotted trading -4.60% off of the 52-week high price. On the other end, company shares have been noted 36.40% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 22.80 – 32.60. Switching over to some distances from popular moving averages, we see that the stock has been recorded 3.10% away from the 50 day moving average and 12.43% away from the 200 day moving average. Moving closer, we can see that shares have been trading -1.92% off of the 20-day moving average. 1366 employees work in the Company. It has market cap of $3.06B and dividend yield of 2.44%.

  • John Newcomb
    John Newcomb reports the business news across all market sectors. He has more than 10 years of experience in writing financial and business news. John also has a vast knowledge of stock trading. He holds an MBA degree from University of Florida. He has an experience in Journalism and Content Writing, love writing stories full of efficient language and accurate content. His articles are published on Seeking Alpha, The Street, and The Motley Fool. John has over 4 year experience as a news writer. Previously, he worked as a tech news reporter. Email Contact: John@stockdigest.info

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