First Financial Bancorp ($FFBC) Possible Buy to $22 Confident Investor Rating: Good

 

Company name First Financial Bancorp
Stock ticker FFBC
Live stock price [stckqut]FFBC[/stckqut]
P/E compared to competitors Fair

MANAGEMENT EXECUTION

Employee productivity Poor
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $25.25
Target stock price (averages with growth) $25.78
Target stock price (averages with no growth) $18.35
Target stock price (manual assumptions) $17.77

The following company description is from Google Finance: http://www.google.com/finance?q=ffbc

First Financial Bancorp (First Financial) is a bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank, National Association (Bank). The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending, and consumer financing. Effective September 1, 2011, First Financial's wholly owned subsidiary, First Financial Capital Advisors LLC (FFCA) was dissolved. Its another subsidiary, First Financial (OH) Statutory Trust II (Statutory Trust II), was also dissolved during the year ended December 31,2011. On September 23, 2011, the Bank completed the purchase of 16 Ohio banking centers from Liberty Savings Bank. On December 2, 2011, First Financial Bank completed the purchase of 22 Indiana-based retail banking branches from Flagstar Bank.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in this stock.

 

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