First Financial Bancorp (FFBC) PT Lowered to $27 at RBC Capital

RBC Capital analyst Jon Arfstrom lowered the price target on First Financial Bancorp (NASDAQ: FFBC) to $27.00 (from $30.00) while maintaining a Sector Perform rating.

The analyst comments "We are recapping 1Q results. This was a decent quarter with some expected moderation and seasonality driving results. We see the outlook as consistent, and we appreciate the pipeline activity, near-term margin expectations, and the focus on deposit pricing which can reduce the sensitivity to future rate cuts. We are adjusting estimates and our price target to reflect this quarter's results."

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