Grab This Bargain 4.2% Yielder Even Cheaper Than Director Barron Did

There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 15, First Financial Bancorp’s Director, William G. Barron, invested £177,158.49 into 8,049 shares of FFBC, for a cost per share of £22.01.

Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Thursday, bargain hunters could buy shares of First Financial Bancorp (Symbol: FFBC) and achieve a cost basis even cheaper than Barron, with shares changing hands as low as £21.85 per share. First Financial Bancorp shares are currently trading up about 0.7% on the day.

The chart below shows the one year performance of FFBC shares, versus its 200 day moving average:

First Financial Bancorp Chart

Looking at the chart above, FFBC’s low point in its 52 week range is £18.75 per share, with £26.72 as the 52 week high point — that compares with a last trade of £22.32. By comparison, below is a table showing the prices at which FFBC insider buying was recorded over the last six months:

Purchased

Insider

Title

Shares

Price/Share

Value

03/15/2023 William G. Barron Director 8,049 £22.01 £177,158.49

The current annualized dividend paid by First Financial Bancorp is £0.92/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/28/2023.

Below is a long-term dividend history chart for FFBC, which can be of good help in judging whether the most recent dividend with approx.

4.2% annualized yield is likely to continue.

FFBC+Dividend+History+Chart

Free Report: Top 8%+ Dividends (paid monthly)

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders >>

Also see:

? Top Stocks Held By Nelson Peltz
? Top Ten Hedge Funds Holding SD
? TPX Insider Buying

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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