First Financial Bancorp’s recently made public that its Chair of the Board DAVIS CLAUDE E unloaded Company’s shares for reported $0.77 million on Aug 29 ’24. In the deal valued at $26.60 per share,29,000 shares were sold. As a result of this transaction, DAVIS CLAUDE E now holds 53,576 shares worth roughly $1.4 million.
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Then, Berta Vince bought 10,000 shares, generating $260,800 in total proceeds.
Before that, Dennen Richard S sold 12,500 shares. First Financial Bancorp shares valued at $342,875 were divested by the Chief Corp. Banking Officer at a price of $27.43 per share. As a result of the transaction, Dennen Richard S now holds 80,652 shares, worth roughly $2.1 million.
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 Friday, First Financial Bancorp [NASDAQ:FFBC] saw its stock fall -1.48% to $26.04. Over the last five days, the stock has gained 3.21%. First Financial Bancorp shares have risen nearly 9.64% since the year began. Nevertheless, the stocks have risen 31.91% over the past one year. While a 52-week high of $28.25 was reached on 07/29/24, a 52-week low of $17.23 was recorded on 06/11/24. SMA at 50 days reached $25.23, while 200 days put it at $23.30.
Levels Of Support And Resistance For FFBC Stock
The 24-hour chart illustrates a support level at 25.88, which if violated will result in even more drops to 25.71. On the upside, there is a resistance level at 26.32. A further resistance level may holdings at 26.59. The Relative Strength Index (RSI) on the 14-day chart is 60.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.04%. Stochastics %K at 92.36% indicates the stock is a selling.
How much short interest is there in First Financial Bancorp?
A steep rise in short interest was recorded in First Financial Bancorp stocks on 2024-09-30, growing by 0.14 million shares to a total of 1.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.5 million shares. There was a rise of 8.69%, which implies that there is a positive sentiment for the stock.
