Equities analysts forecast that First Commonwealth Financial Co. (NYSE:FCF – Get Rating) will announce sales of $97.26 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for First Commonwealth Financial’s earnings, with estimates ranging from $96.57 million to $98.06 million. First Commonwealth Financial posted sales of $94.29 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that First Commonwealth Financial will report full year sales of $393.82 million for the current financial year, with estimates ranging from $389.21 million to $400.57 million. For the next year, analysts expect that the firm will post sales of $426.85 million, with estimates ranging from $417.00 million to $443.96 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). First Commonwealth Financial had a net margin of 32.00% and a return on equity of 11.51%. The business had revenue of $92.15 million during the quarter, compared to analysts’ expectations of $93.91 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis.
A number of large investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its position in shares of First Commonwealth Financial by 17.1% during the fourth quarter. Victory Capital Management Inc. now owns 522,185 shares of the bank’s stock worth $8,402,000 after buying an additional 76,233 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of First Commonwealth Financial during the fourth quarter worth approximately $341,000. Jennison Associates LLC acquired a new stake in shares of First Commonwealth Financial during the fourth quarter worth approximately $1,348,000. Franklin Resources Inc. acquired a new stake in shares of First Commonwealth Financial during the third quarter worth approximately $460,000. Finally, Metropolitan Life Insurance Co NY grew its position in shares of First Commonwealth Financial by 9.9% during the third quarter. Metropolitan Life Insurance Co NY now owns 24,282 shares of the bank’s stock worth $331,000 after buying an additional 2,186 shares in the last quarter. 68.56% of the stock is owned by institutional investors.
NYSE FCF opened at $13.29 on Friday. First Commonwealth Financial has a one year low of $12.36 and a one year high of $17.63. The company’s 50 day moving average price is $14.53 and its 200 day moving average price is $15.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 9.99 and a beta of 1.04.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, May 6th were given a $0.12 dividend. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 5th. This represents a $0.48 annualized dividend and a yield of 3.61%. First Commonwealth Financial’s dividend payout ratio (DPR) is 36.09%.
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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