Stephens lowered the firm’s price target on First Financial Bancorp to $26 from $31 and keeps an Equal Weight rating on the shares. After reviewing Q2 data for Midwest Banks, the firm concluded the upward movement in price last month was supported by “better-than-expected” results due to NIM expansion, positive operating leverage, and gradual normalization of credit trends, the analyst tells investors.
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Read More on FFBC:
- First Financial Bancorp price target raised to $29 from $25 at RBC Capital
- First Financial Bancorp Announces Second Quarter 2024 Financial Results and Quarterly Dividend Increase
- First Financial Bancorp reports Q2 adjusted EPS 65c, consensus 59c
- FFBC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- First Financial Bancorp price target raised to $25 from $24 at RBC Capital
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