Equities analysts predict that First Commonwealth Financial (NYSE:FCF) will report $0.26 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for First Commonwealth Financial’s earnings. First Commonwealth Financial reported earnings per share of $0.21 during the same quarter last year, which suggests a positive year-over-year growth rate of 23.8%. The business is scheduled to announce its next earnings results on Tuesday, January 22nd.
On average, 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 $1.01 to $1.03. For the next year, analysts forecast that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.08 to $1.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). First Commonwealth Financial had a return on equity of 11.00% and a net margin of 22.65%. The firm had revenue of $83.57 million for the quarter, compared to analysts’ expectations of $84.76 million. During the same period last year, the business earned $0.22 earnings per share.
Shares of NYSE FCF opened at $13.94 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.39 billion, a PE ratio of 17.00, a P/E/G ratio of 1.71 and a beta of 1.08. First Commonwealth Financial has a 52 week low of $12.01 and a 52 week high of $17.91.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Friday, November 2nd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Thursday, November 1st. First Commonwealth Financial’s dividend payout ratio is 43.90%.
First Commonwealth Financial declared that its Board of Directors has approved a share buyback plan on Tuesday, October 23rd that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 1.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
In other First Commonwealth Financial news, Director Ray T. Charley bought 4,000 shares of the stock in a transaction on Monday, October 29th. The shares were purchased at an average price of $12.90 per share, with a total value of $51,600.00. Following the acquisition, the director now directly owns 280,041 shares of the company’s stock, valued at approximately $3,612,528.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new stake in First Commonwealth Financial in the 2nd quarter valued at approximately $188,000. Northern Trust Corp grew its holdings in First Commonwealth Financial by 3.3% in the 2nd quarter. Northern Trust Corp now owns 1,603,929 shares of the bank’s stock valued at $24,877,000 after buying an additional 50,811 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in First Commonwealth Financial by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,410,700 shares of the bank’s stock valued at $21,879,000 after buying an additional 22,901 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in First Commonwealth Financial by 14.4% in the 2nd quarter. BlueMountain Capital Management LLC now owns 35,371 shares of the bank’s stock valued at $549,000 after buying an additional 4,451 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in First Commonwealth Financial in the 3rd quarter valued at approximately $358,000. 68.97% of the stock is currently owned by hedge funds and other institutional investors.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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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