First Commonwealth Financial Co. (NYSE:FCF – Get Rating) – Investment analysts at DA Davidson issued their FY2022 EPS estimates for First Commonwealth Financial in a research note issued to investors on Wednesday, July 27th. DA Davidson analyst M. Navas expects that the bank will post earnings of $1.34 per share for the year. DA Davidson currently has a “Buy” rating on the stock. The consensus estimate for First Commonwealth Financial’s current full-year earnings is $1.41 per share. DA Davidson also issued estimates for First Commonwealth Financial’s FY2023 earnings at $1.56 EPS.
First Commonwealth Financial (NYSE:FCF – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The bank reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. First Commonwealth Financial had a net margin of 32.04% and a return on equity of 11.61%. During the same quarter in the prior year, the business earned $0.31 earnings per share.
First Commonwealth Financial Stock Performance
Shares of FCF opened at $14.82 on Friday. First Commonwealth Financial has a 1 year low of $12.36 and a 1 year high of $17.63. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 10.88 and a beta of 1.00. 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 fifty day moving average of $13.68 and a 200-day moving average of $14.81.
Institutional Investors Weigh In On First Commonwealth Financial
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in First Commonwealth Financial by 1.3% in the first quarter. BlackRock Inc. now owns 13,993,881 shares of the bank’s stock worth $212,147,000 after acquiring an additional 180,138 shares in the last quarter. State Street Corp raised its position in First Commonwealth Financial by 12.8% in the first quarter. State Street Corp now owns 4,611,897 shares of the bank’s stock worth $69,916,000 after acquiring an additional 524,228 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in First Commonwealth Financial by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,977,742 shares of the bank’s stock worth $29,983,000 after acquiring an additional 28,366 shares in the last quarter. Northern Trust Corp raised its position in First Commonwealth Financial by 0.9% in the fourth quarter. Northern Trust Corp now owns 1,482,950 shares of the bank’s stock worth $23,860,000 after acquiring an additional 13,166 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in First Commonwealth Financial by 0.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,374,348 shares of the bank’s stock worth $20,835,000 after acquiring an additional 3,561 shares in the last quarter. 68.56% of the stock is currently owned by institutional investors.
First Commonwealth Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 5th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, August 4th. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 35.56%.
About First Commonwealth Financial
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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