RBC Capital raised the firm’s price target on First Financial Bancorp (FFBC) to $32 from $30 and keeps a Sector Perform rating on the shares. The company reported a quality quarter with strong fee performance and a stable margin, the analyst tells investors in a research note. While organic loan growth faced headwinds from elevated commercial real estate payoffs, the management expects this to fade in Q2, guiding to mid-single-digit percentage loan growth and solid fee income trends, RBC added.
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