Analysts expect First Commonwealth Financial Co. (NYSE:FCF – Get Rating) to post earnings of $0.33 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for First Commonwealth Financial’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.34. First Commonwealth Financial reported earnings of $0.31 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that First Commonwealth Financial will report full year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.38. For the next fiscal year, analysts anticipate that the company will report earnings of $1.50 per share, with EPS estimates ranging from $1.42 to $1.56. Zacks Investment Research’s EPS 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 quarterly earnings data on Tuesday, April 26th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). The firm had revenue of $92.15 million during the quarter, compared to the consensus estimate of $93.91 million. First Commonwealth Financial had a return on equity of 11.51% and a net margin of 32.00%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS.
Shares of NYSE FCF opened at $13.48 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $1.27 billion, a P/E ratio of 10.14 and a beta of 1.02. First Commonwealth Financial has a 1 year low of $12.36 and a 1 year high of $17.63. The firm has a 50-day simple moving average of $15.17 and a two-hundred day simple moving average of $15.64.
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 paid a dividend of $0.12 per share. 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. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.12. First Commonwealth Financial’s payout ratio is currently 34.59%.
Several institutional investors have recently bought and sold shares of FCF. Lazard Asset Management LLC bought a new position in First Commonwealth Financial in the fourth quarter worth approximately $27,000. KBC Group NV bought a new position in First Commonwealth Financial in the third quarter worth approximately $28,000. UMB Bank N A MO bought a new position in First Commonwealth Financial in the fourth quarter worth approximately $89,000. Captrust Financial Advisors raised its stake in First Commonwealth Financial by 16.5% in the third quarter. Captrust Financial Advisors now owns 7,314 shares of the bank’s stock worth $100,000 after buying an additional 1,034 shares in the last quarter. Finally, Confluence Wealth Services Inc. bought a new position in First Commonwealth Financial in the fourth quarter worth approximately $156,000. 67.70% of the stock is owned by hedge funds and other institutional investors.
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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