On May 15, 2024, Richard Dennen, the Chief Corp. Banking Officer of First Financial Bancorp (FFBC, Financial), sold 10,500 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider has sold a total of 22,140 shares over the past year, with no recorded purchases.
First Financial Bancorp operates as a bank holding company, which through its subsidiary, First Financial Bank, provides banking and financial services products. The company's services include commercial lending, real estate lending, and consumer financing.
The shares were sold at a price of $23.64, valuing the transaction at approximately $248,220. This sale occurred at a time when the stock has a market cap of approximately $2.27 billion and trades with a price-earnings ratio of 9.57. This ratio is slightly lower than the industry median of 9.67 and also below the company's historical median.
According to the GF Value, the intrinsic value of First Financial Bancorp's stock is estimated at $28.29, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.84.
The insider transaction history for First Financial Bancorp shows a trend of more sales than purchases among insiders over the past year, with three insider sales and no buys.
This recent sale by the insider might interest investors looking at the trading behaviors of company executives, especially in the context of the stock's valuation metrics and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
