Nomura Asset Management International Reduces $13M in First Financial Bancorp. ($FFBC)
Key Points
- Nomura Asset Management International changed its First Financial Bancorp. ($FFBC) stake by 7.0% last quarter, cutting to 5,480,061 shares worth $177.01 million.
- $FFBC last traded around $32.30.
Nomura Asset Management International trimmed its position in First Financial Bancorp. ($FFBC) by 7.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,480,061 shares of First Financial Bancorp. after selling 414,265 shares during the quarter. Nomura Asset Management International's holdings in First Financial Bancorp. were worth $177.01 million as of its most recent filing.
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About First Financial Bancorp.
First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and banking-related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking and savings accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for retail and commercial customers. It also provides real estate loans secured by residential property, such as one to four family residential housing units or commercial property comprising owner-occupied and/or investor income producing real estate consisting of apartments, shopping centers, and office buildings; commercial and industrial loans for various purposes, including inventory, receivables, and equipment, as well as equipment and leasehold improvement financing for franchisees; consumer loans, such as new and used vehicle loans, second mortgages on residential real estate and unsecured loans; and home equity lines of credit. In addition, the company offers secured commercial financing services to the insurance industry, registered investment advisors, certified public accountants, indirect auto finance companies, and restaurant franchisees. Further, it provides a range of trust and wealth management services, lease and equipment financing services, currency payments, foreign exchange hedging, commodities hedging, and other advisory products. First Financial Bancorp. was founded in 1863 and is headquartered in Cincinnati, Ohio.
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