First Commonwealth Financial (NYSE:FCF) Expected to Announce Earnings of $0.28 Per Share

Brokerages expect First Commonwealth Financial (NYSE:FCF) to post earnings per share of $0.28 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for First Commonwealth Financial’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.27. First Commonwealth Financial reported earnings of $0.27 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The firm is expected to announce its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that First Commonwealth Financial will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.10 to $1.11. For the next fiscal year, analysts anticipate that the company will report earnings of $1.13 per share, with EPS estimates ranging from $1.07 to $1.20. 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 released its quarterly earnings results on Tuesday, October 29th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $91.10 million for the quarter, compared to analysts’ expectations of $91.58 million. First Commonwealth Financial had a return on equity of 10.76% and a net margin of 26.01%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS.

A number of equities research analysts recently weighed in on FCF shares. ValuEngine cut First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Zacks Investment Research cut First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada started coverage on First Commonwealth Financial in a report on Friday, October 11th. They issued an “outperform” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.67.

FCF opened at $14.21 on Friday. The stock has a market cap of $1.40 billion, a P/E ratio of 12.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $13.99 and its 200 day simple moving average is $13.23. First Commonwealth Financial has a 1-year low of $11.33 and a 1-year high of $14.78.

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, November 7th. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 36.36%.

Large investors have recently made changes to their positions in the business. Smithfield Trust Co. grew its holdings in First Commonwealth Financial by 533.3% during the 3rd quarter. Smithfield Trust Co. now owns 2,375 shares of the bank’s stock valued at $32,000 after buying an additional 2,000 shares during the last quarter. Winthrop Partners WNY LLC acquired a new stake in First Commonwealth Financial during the 3rd quarter valued at $52,000. NEXT Financial Group Inc acquired a new stake in First Commonwealth Financial during the 2nd quarter valued at $197,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in First Commonwealth Financial during the 2nd quarter valued at $213,000. Finally, A.R.T. Advisors LLC grew its holdings in First Commonwealth Financial by 101.8% during the 2nd quarter. A.R.T. Advisors LLC now owns 27,757 shares of the bank’s stock valued at $374,000 after buying an additional 14,000 shares during the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, through its subsidiaries, 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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Earnings History and Estimates for First Commonwealth Financial (NYSE:FCF)

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