| Company name | First Financial Bancorp |
| Stock ticker | FFBC |
| Live stock price | [stckqut]FFBC[/stckqut] |
| P/E compared to competitors | Good |
MANAGEMENT EXECUTION
| Employee productivity | Fair |
| Sales growth | Poor |
| EPS growth | Good |
| P/E growth | Good |
| EBIT growth | Good |
ANALYSIS
| Confident Investor Rating | Good |
| Target stock price (TWCA growth scenario) | $24.5 |
| Target stock price (averages with growth) | $25.79 |
| Target stock price (averages with no growth) | $19.09 |
| Target stock price (manual assumptions) | $15.48 |
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 (the Bank). The Bank provides banking and financial services products through its three lines of business: commercial, retail and wealth management. The commercial and retail units provide banking services to individuals and businesses, which includes commercial lending, real estate lending and consumer financing. As of September 30, 2012, the Bank had $3.9 billion in loans and $4.9 billion in deposits. On December 10, 2012, the Bank opened a new banking center at Hessville. On December 17, 2012, the Bank opened a new banking center at Anderson. As of December 31, 2012, the Banks operated 122 banking centers.
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in First Financial Bancorp.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of First Financial Bancorp calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
[s2If current_user_can(s2member_level1)]
In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
Stock price at the time of the calculation: $15.78
Growth: 0.1
Current EPS (TTM): $0.86
P/E: 18
Future EPS Calc: $1.38
Future Stock Price Calc: $24.93
Target stock price: $15.48
I hope that this makes you a better investor. [/s2If]