NEW YORK (

TheStreet

) -- The ex-dividend date for

First Financial Bancorp

(Nasdaq:

FFBC

) is tomorrow, June 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $16.11 as of 9:31 a.m. ET, the dividend yield is 3%.

The average volume for First Financial has been 198,300 shares per day over the past 30 days. First Financial has a market cap of $928.6 million and is part of the

financial

sector and

banking

industry. Shares are down 13.7% year to date as of the close of trading on Friday.

TheStreet Recommends

First Financial Bancorp. operates as the holding company for First Financial Bank, National Association that provides commercial banking, and other banking and banking-related services in the United States. The company has a P/E ratio of 14.4, below the average banking industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates First Financial as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, growth in earnings per share and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

First Financial Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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