Wall Street brokerages forecast that First Commonwealth Financial Co. (NYSE:FCF – Get Rating) will report $97.09 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for First Commonwealth Financial’s earnings. The highest sales estimate is $98.10 million and the lowest is $96.57 million. First Commonwealth Financial reported sales of $94.29 million in the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that First Commonwealth Financial will report full-year sales of $394.02 million for the current year, with estimates ranging from $389.21 million to $400.57 million. For the next financial year, analysts anticipate that the firm will report sales of $424.57 million, with estimates ranging from $416.20 million to $443.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF – Get Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $92.15 million during the quarter, compared to analyst estimates of $93.91 million. First Commonwealth Financial had a net margin of 34.51% and a return on equity of 12.55%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share.
Shares of FCF stock opened at $13.48 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 9.30 and a beta of 1.02. The stock has a 50 day simple moving average of $15.17 and a 200-day simple moving average of $15.63. First Commonwealth Financial has a 12-month low of $12.36 and a 12-month high of $17.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be issued a dividend of $0.12 per share. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $0.12. This represents a $0.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, May 5th. First Commonwealth Financial’s payout ratio is currently 31.72%.
A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of First Commonwealth Financial during the third quarter valued at about $638,000. D.A. Davidson & CO. bought a new stake in shares of First Commonwealth Financial during the fourth quarter valued at approximately $341,000. Franklin Resources Inc. acquired a new position in First Commonwealth Financial in the third quarter valued at approximately $460,000. Metropolitan Life Insurance Co NY lifted its holdings in First Commonwealth Financial by 9.9% in the third quarter. Metropolitan Life Insurance Co NY now owns 24,282 shares of the bank’s stock valued at $331,000 after buying an additional 2,186 shares during the period. Finally, Raymond James & Associates raised its holdings in First Commonwealth Financial by 12.5% in the third quarter. Raymond James & Associates now owns 18,814 shares of the bank’s stock worth $256,000 after purchasing an additional 2,096 shares during the period. Hedge funds and other institutional investors own 67.70% of the company’s stock.
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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