|Company name||First Financial Bancorp|
|Live stock price||[stckqut]FFBC[/stckqut]|
|P/E compared to competitors||Good|
|Confident Investor Rating||Fair|
|Target stock price (TWCA growth scenario)||$19|
|Target stock price (averages with growth)||$14.07|
|Target stock price (averages with no growth)||$7.31|
|Target stock price (manual assumptions)||$16.8|
The following company description is from Google Finance: http://www.google.com/finance?q=ffbc
First Financial Bancorp is a regional bank holding company. The Company, through its wholly owned subsidiary, First Financial Bank, National Association (the Bank), is engaged in the business of commercial banking, and other banking and banking-related activities. The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending, and consumer financing. The Company also offers deposit products that include interest-bearing and non-interest-bearing accounts, time deposits and cash management services for commercial customers. Its Wealth Management division offers a range of trust and asset management services. The Company offers a variety of loans, including commercial lines of credit, commercial term loans, real estate, construction, home equity, consumer and other loans. First Financial also offers lease and equipment financing through a wholly owned subsidiary of the Bank, First Financial Equipment Finance LLC.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in First Financial Bancorp as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns. I am taking this company off of my Watch List as its performance doesn’t match the other investments that are possible.
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.
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: $16.78
- Growth: 0.1
- Current EPS (TTM): $1.12
- P/E: 15
- Future EPS Calc: $1.8
- Future Stock Price Calc: $27.05
- Target stock price: $16.8
I hope that this makes you a Confident Investor.