First Commonwealth Financial Co. (NYSE:FCF – Get Rating) – Equity analysts at DA Davidson released their estimates of earnings per share (EPS) for fiscal 2022 for First Commonwealth Financial in a report published Wednesday, July 27. M. Navas, an analyst at DA Davidson, forecasts the bank to earn $1.34 per share over the course of the year. DA Davidson has a Buy rating on the stock. First Commonwealth Financial’s consensus estimate for current full-year earnings is $1.41 per share. DA Davidson also released estimates for First Commonwealth Financial’s fiscal 2023 earnings of $1.56 per share.
FCF has been the subject of a number of other reports. StockNews.com acquired coverage of First Commonwealth Financial in a Research Note on Thursday, March 31st. You give the stock a “hold” rating. Raymond James downgraded First Commonwealth Financial from an outperform rating to a market perform rating in a research note on Thursday 7th July. Finally, B. Riley lowered his price target for First Commonwealth Financial from $18.00 to $16.00 in a research note on Monday, July 11. Three investment analysts have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.50.
First Commonwealth financial stock down 0.5%
FCF opened at $14.69 on Friday. The stock has a market cap of $1.39 billion, a P/E of 10.88 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt to equity ratio of 0.17. First Commonwealth Financial has a 52-week low of $12.36 and a 52-week high of $17.63. The company’s 50-day simple moving average is $13.68 and its 200-day simple moving average is $14.81.
First Commonwealth Financial (NYSE:FCF – Get Rating) last issued its earnings results on Tuesday, July 26th. The bank reported earnings per share of $0.33 for the quarter, beating analyst consensus estimates of $0.33. First Commonwealth Financial had a return on equity of 11.61% and a net margin of 32.04%. In the same period last year, the company earned $0.31 per share.
First Commonwealth financial dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5 will receive a dividend of $0.12. The ex-dividend date is Thursday 4th August. That equates to an annualized dividend of $0.48 and a dividend yield of 3.27%. First Commonwealth Financial’s payout ratio is currently 35.56%.
Institutional trading from First Commonwealth Financial
Several large investors recently changed their stakes in the company. Marion Wealth Management purchased a new stake in First Commonwealth Financial stock valued at approximately $215,000 during the second quarter. Assenagon Asset Management SA increased its stake in First Commonwealth Financial by 215.1% in the second quarter. Assenagon Asset Management SA now owns 444,013 shares in the bank, valued at $5,959,000, after purchasing a further 303,121 shares during the period. Mirae Asset Global Investments Co.Ltd. acquired a new interest in First Commonwealth Financial for approximately $360,000 during the second quarter. Everence Capital Management Inc. acquired a new interest in First Commonwealth Financial valued at approximately $222,000 during the second quarter. Finally, in the second quarter, KBC Group NV acquired a new stake in First Commonwealth Financial worth around US$92,000. 68.56% of the shares are owned by institutional investors.
First Commonwealth financial company profile
First Commonwealth Financial Corporation, a financial holding company, provides a variety of consumer and commercial banking services in the United States. Consumer services include personal checking accounts, interest bearing checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, certificates of deposit at fixed and variable rates, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit boxes, credit cards, lines of credit with overdraft protection, IRA -Accounts and ATM services, as well as internet, mobile and telephone banking services.
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