First Financial Bancorp ($FFBC) Target: $22 Confident Investor Rating: Good

Several times a year, a Confident Investor must reevaluate the companies in the portfolio. Keeping your money in a stock that no longer qualifies as a “Good” company can end up hurting your investment performance a great deal.  Also, there are a lot of Good Companies so losing the worst of the best is not going to impact the ability to have a balanced portfolio.  Over the coming days, this site will evaluate each stock on the Watch List.

Company name First Financial Bancorp
Stock ticker FFBC
Live stock price [stckqut]FFBC[/stckqut]
P/E compared to competitors Good
Employee productivity Fair
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good
Confident Investor Rating Good
Target stock price (TWCA growth scenario) $24.57
Target stock price (averages with growth) $25
Target stock price (averages with no growth) $17.73
Target stock price (manual assumptions) $15.84

The following company description is from Google Finance:
First Financial Bancorp (First Financial) is a bank holding company. First Financial engages in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank, National Association (Bank). Financial Capital Advisors LLC (FFCA) is First Financial?s registered investment advisor and assists the Bank with the investment management of trust assets. The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending and consumer financing. During the year ended December 31, 2009, First Financial acquired the banking operations of Peoples Community Bank (Peoples), Irwin Union Bank and Trust Company (Irwin Union Bank) and Irwin Union Bank, F.S.B. (Irwin FSB) (collectively, Irwin). The company also acquired three Indiana banking centers, including related deposits and loans, from Irwin in a separate and unrelated transaction.

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.