Equities analysts expect that First Commonwealth Financial (NYSE:FCF) will post $0.24 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for First Commonwealth Financial’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.24. First Commonwealth Financial posted earnings per share of $0.18 in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The company is expected to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that First Commonwealth Financial will report full-year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.05. For the next fiscal year, analysts anticipate that the business will post earnings of $1.08 per share, with EPS estimates ranging from $1.07 to $1.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. The business had revenue of $80.98 million for the quarter, compared to analyst estimates of $80.90 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis.
First Commonwealth Financial (NYSE:FCF) traded down $0.08 during mid-day trading on Friday, hitting $14.51. 493,732 shares of the stock traded hands, compared to its average volume of 521,831. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.87 and a current ratio of 0.87. First Commonwealth Financial has a twelve month low of $12.05 and a twelve month high of $15.67. The stock has a market cap of $1,410.00, a price-to-earnings ratio of 25.02 and a beta of 0.94.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, February 2nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, February 1st. First Commonwealth Financial’s dividend payout ratio is presently 55.17%.
A number of institutional investors have recently modified their holdings of FCF. Ameritas Investment Partners Inc. lifted its stake in First Commonwealth Financial by 11.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock valued at $108,000 after buying an additional 846 shares in the last quarter. Quantbot Technologies LP purchased a new position in First Commonwealth Financial in the 2nd quarter valued at about $113,000. Algert Global LLC purchased a new position in First Commonwealth Financial in the 3rd quarter valued at about $141,000. Amalgamated Bank lifted its stake in First Commonwealth Financial by 9.7% in the 2nd quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock valued at $167,000 after buying an additional 1,160 shares in the last quarter. Finally, NEXT Financial Group Inc purchased a new position in First Commonwealth Financial in the 3rd quarter valued at about $181,000. 65.74% of the stock is currently owned by hedge funds and other institutional investors.
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About First Commonwealth Financial
First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.
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