First Commonwealth Financial (FCF) Set to Announce Quarterly Earnings on Tuesday

First Commonwealth Financial (NYSE:FCF) will announce its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. First Commonwealth Financial had a return on equity of 13.78% and a net margin of 25.07%. The firm had revenue of $168.55 million during the quarter, compared to the consensus estimate of $123.17 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, analysts expect First Commonwealth Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Commonwealth Financial Price Performance

FCF opened at $12.63 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. First Commonwealth Financial has a 52-week low of $11.16 and a 52-week high of $15.90. The stock has a market capitalization of $1.29 billion, a PE ratio of 8.20 and a beta of 0.87. The stock’s 50 day moving average price is $13.31 and its 200-day moving average price is $13.57.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.50 annualized dividend and a dividend yield of 3.96%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 32.47%.

Institutional Investors Weigh In On First Commonwealth Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of First Commonwealth Financial by 1.6% in the second quarter. FMR LLC now owns 43,326 shares of the bank’s stock worth $581,000 after acquiring an additional 673 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of First Commonwealth Financial by 14.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 5,758 shares of the bank’s stock worth $80,000 after acquiring an additional 710 shares during the last quarter. Legal & General Group Plc grew its stake in shares of First Commonwealth Financial by 0.4% in the second quarter. Legal & General Group Plc now owns 273,391 shares of the bank’s stock worth $3,669,000 after acquiring an additional 1,003 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of First Commonwealth Financial by 3.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,289 shares of the bank’s stock worth $479,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in shares of First Commonwealth Financial by 8.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 16,335 shares of the bank’s stock worth $228,000 after acquiring an additional 1,320 shares during the last quarter. 72.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FCF. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of First Commonwealth Financial in a research note on Tuesday, April 9th. Stephens reduced their target price on First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Finally, StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th.

First Commonwealth Financial Company Profile

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.