First Financial Bancorp (FFBC) will get an opportunity to drive greater scale and strengthen its presence in northeast Ohio with its proposed acquisition of Westfield Bancorp, RBC Capital Markets said in a note Tuesday.
RBC said it supports First Financial's $325 million 80% cash and 20% stock deal to acquire Westfield, which the firm views "as a like-minded partner with similar business lines.
"Key financial metrics appear reasonable and we appreciate the solid earnings accretion generated from a modestly sized deal," RBC said.
The firm said it boosted its 2026 earnings-per-share estimate for First Financial to $2.95 from $2.80 to reflect the deal, which is expected to close in Q4.
RBC maintained First Financial Bancorp's sector perform rating and $27 price target.
Price: 24.16, Change: -0.10, Percent Change: -0.41
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。