According to Zacks, analysts expect First Commonwealth Financial Co. (NYSE:FCF – Get Rating) to post revenue of $97.26 million for the current fiscal quarter. Four analysts have made estimates for First Commonwealth Financial’s earnings. The highest sales estimate is $98.06 million and the lowest is $96.57 million. First Commonwealth Financial reported revenue of $94.29 million for the same quarter last year, indicating a positive growth rate of 3.1% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect First Commonwealth Financial to report full-year revenue of $393.82 million for the current fiscal year, with estimates ranging from $389.21 million to $400.57 million. For the next fiscal year, analysts expect the company to report revenue of $426.85 million, with estimates ranging from $417.00 million to $443.96 million. Zacks’ sales averages are averages based on a survey of sell-side analysts following First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF – Get Rating) last announced its quarterly results on Tuesday, April 26th. The bank reported earnings per share (EPS) of $0.29 for the quarter, missing the consensus estimate of $0.30 ($0.01). The company had revenue of $92.15 million for the quarter, compared to analyst estimates of $93.91 million. First Commonwealth Financial had a return on equity of 11.51% and a net margin of 32.00%. The company’s quarterly revenue fell 4.8% year over year. In the same quarter last year, the company posted earnings per share of $0.41.
Several analysts have recently rated FCF shares. StockNews.com began reporting shares of First Commonwealth Financial in a research note on Thursday, March 31st. They gave the stock a “hold” rating. DA Davidson restated a “buy” rating on shares of First Commonwealth Financial in a research note on Thursday 27th January. Finally, B. Riley lowered its price target on shares of First Commonwealth Financial from $19.00 to $18.00 in a research note on Tuesday, April 12. Three research analysts have rated the stock with a hold rating and four have rated the company’s stock with a buy. According to data from MarketBeat, First Commonwealth Financial currently has a consensus rating of Buy and a consensus target of $18.33.
First Commonwealth Financial shares opened at $13.29 on Friday. 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 12-month low of $12.36 and a 12-month high of $17.63. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 9.99 and a beta of 1.04. The company’s 50-day moving average is $14.53 and its 200-day moving average is $15.53.
The company also recently announced a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Friday, May 6 received a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday May 5th. That equates to a dividend of $0.48 on an annualized basis and a yield of 3.61%. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.12. First Commonwealth Financial’s dividend payout ratio is 36.09%.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of First Commonwealth Financial by 1.3% in the first quarter. BlackRock Inc. now owns 13,993,881 shares of the bank valued at $212,147,000 after purchasing an additional 180,138 shares last quarter. State Street Corp increased its position in shares of First Commonwealth Financial by 12.8% in the first quarter. State Street Corp now owns 4,611,897 shares of the bank worth $69,916,000 after purchasing an additional 524,228 shares last quarter. Charles Schwab Investment Management Inc. increased its position in shares of First Commonwealth Financial by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,977,742 shares of the bank, valued at $29,983,000, after purchasing an additional 28,366 shares last quarter. Geode Capital Management LLC increased its position in First Commonwealth Financial by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,655,003 shares of the bank valued at $22,557,000 after purchasing an additional 4,486 shares last quarter. Finally, Northern Trust Corp increased its position in shares of First Commonwealth Financial by 0.9% during the fourth quarter. Northern Trust Corp now owns 1,482,950 shares of the bank valued at $23,860,000 after purchasing an additional 13,166 shares last quarter. 68.56% of the shares are currently owned by institutional investors.
First Commonwealth financial company profile (received rating)
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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