First Commonwealth Financial (FCF) Scheduled to Post Quarterly Earnings on Tuesday

First Commonwealth Financial (NYSE:FCFGet Rating) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

First Commonwealth Financial (NYSE:FCFGet Rating) last announced its earnings results on Tuesday, January 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The business had revenue of $96.33 million during the quarter, compared to analyst estimates of $97.09 million. First Commonwealth Financial had a return on equity of 12.55% and a net margin of 34.51%. First Commonwealth Financial’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. On average, analysts expect First Commonwealth Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:FCF opened at $14.49 on Tuesday. The firm has a market cap of $1.37 billion, a P/E ratio of 9.99 and a beta of 1.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. First Commonwealth Financial has a 12-month low of $12.36 and a 12-month high of $17.63. The business has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $15.65.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Friday, February 4th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, February 3rd. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 31.72%.

Several research firms have recently weighed in on FCF. DA Davidson reissued a “buy” rating on shares of First Commonwealth Financial in a research report on Thursday, January 27th. B. Riley lowered their price objective on First Commonwealth Financial from $19.00 to $18.00 in a research report on Tuesday, April 12th. StockNews.com began coverage on First Commonwealth Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, January 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.33.

Institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new stake in First Commonwealth Financial in the 4th quarter valued at about $257,000. LPL Financial LLC increased its position in First Commonwealth Financial by 7.7% in the 3rd quarter. LPL Financial LLC now owns 25,415 shares of the bank’s stock valued at $346,000 after buying an additional 1,810 shares in the last quarter. Jane Street Group LLC increased its position in First Commonwealth Financial by 172.6% in the 3rd quarter. Jane Street Group LLC now owns 27,886 shares of the bank’s stock valued at $380,000 after buying an additional 17,658 shares in the last quarter. Marshall Wace LLP bought a new stake in First Commonwealth Financial in the 4th quarter valued at about $469,000. Finally, MetLife Investment Management LLC increased its position in First Commonwealth Financial by 15.2% in the 4th quarter. MetLife Investment Management LLC now owns 32,439 shares of the bank’s stock valued at $522,000 after buying an additional 4,284 shares in the last quarter. 67.70% of the stock is owned by institutional investors and hedge funds.

First Commonwealth Financial Company Profile (Get Rating)

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.

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Earnings History for First Commonwealth Financial (NYSE:FCF)

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