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Recent Insider Activity Could Benefit First Financial Bancorp (FFBC)

First Financial Bancorp’s filing revealed that its Director BARRON WILLIAM G unloaded Company’s shares for reported $0.34 million on Dec 19 ’23. In the deal valued at $23.94 per share,14,214 shares were sold. As a result of this transaction, BARRON WILLIAM G now holds 74,280 shares worth roughly $1.77 million.

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Then, Dennen Richard S sold 11,640 shares, generating $250,607 in total proceeds. Upon selling the shares at $21.53, the Chief Corp. Banking Officer now owns 90,350 shares.

A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “an Overweight”. Piper Sandler also remained covering FFBC and has decreased its forecast on March 03, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on February 01, 2021. It rated FFBC as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of FFBC

On Tuesday, First Financial Bancorp [NASDAQ:FFBC] saw its stock jump 0.55% to $23.78. Over the last five days, the stock has gained 1.93%. First Financial Bancorp shares have risen nearly 0.13% since the year began. Nevertheless, the stocks have risen 30.02% over the past one year. While a 52-week high of $24.99 was reached on 01/02/24, a 52-week low of $17.23 was recorded on 04/16/24. SMA at 50 days reached $22.07, while 200 days put it at $21.51. A total of 0.25 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For FFBC Stock

The 24-hour chart illustrates a support level at 23.57, which if violated will result in even more drops to 23.36. On the upside, there is a resistance level at 23.99. A further resistance level may holdings at 24.20. The Relative Strength Index (RSI) on the 14-day chart is 69.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.29%. Stochastics %K at 91.26% indicates the stock is a selling.

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