First Financial Bancorp Stock Downgraded (FFBC)
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- The gross profit margin for FIRST FINL BANCORP INC/OH is currently very high, coming in at 81.20%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 15.32% is above that of the industry average.
- The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Commercial Banks industry average. The net income has decreased by 18.6% when compared to the same quarter one year ago, dropping from $16.99 million to $13.82 million.
- Reflecting the weaknesses we have cited, including the decline in the company's earnings per share, FFBC has underperformed the S&P 500 Index, declining 8.57% from its price level of one year ago. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.
-- Written by a member of TheStreet Ratings Staff
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