First Financial Stock To Go Ex-dividend Tomorrow (FFBC)
The ex-dividend date for First Financial Bancorp (Nasdaq:FFBC) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $16.60 as of 9:30 a.m., the dividend yield is 6.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for First Financial Bancorp (Nasdaq: FFBC) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $16.60 as of 9:30 a.m. ET, the dividend yield is 6.8%. The average volume for First Financial has been 374,400 shares per day over the past 30 days. First Financial has a market cap of $930.4 million and is part of the financial sector and banking industry. Shares are down 8.9% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 14.8, below the average banking industry P/E ratio of 14.9 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 good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full First Financial Ratings Report. See our dividend calendar or top-yielding stocks list.
Investors in First Financial Bancorp saw new options begin trading this week, for the May 2015 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 144 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.