Analysts expect First Commonwealth Financial Co. (NYSE:FCF – Get Rating) to report revenue of $97.26 million for the current fiscal quarter, reports Zacks Investment Research. Four analysts provided earnings estimates for First Commonwealth Financial. The lowest sales estimate is $96.57 million and the highest is $98.06 million. First Commonwealth Financial reported sales of $94.29 million in the same quarter last year, indicating a positive year-over-year growth rate of 3.1%. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect First Commonwealth Financial to report annual sales of $393.82 million for the current fiscal year, with estimates ranging from $389.21 million to $400.57 million. . For next year, analysts expect the company to record sales of $426.85 million, with estimates ranging from $417.00 to $443.96 million. Zacks sales calculations are an average based on a survey of research firms that provide coverage for First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.29 for the quarter, missing analyst consensus estimates of $0.30 per ($0.01). First Commonwealth Financial had a net margin of 32.00% and a return on equity of 11.51%. The company posted revenue of $92.15 million in the quarter, compared to analyst estimates of $93.91 million. In the same period a year earlier, the company earned earnings per share of $0.41. The company’s revenue for the quarter was down 4.8% from the same quarter last year.
A number of research analysts have weighed in on FCF shares recently. StockNews.com began covering First Commonwealth Financial in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. DA Davidson reissued a “buy” rating on First Commonwealth Financial shares in a Thursday, January 27 report. Finally, B. Riley cut his price target on First Commonwealth Financial from $19.00 to $18.00 in a Tuesday, April 12 report. Three research analysts gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $18.33.
Several large investors have recently bought and sold shares of FCF. Lazard Asset Management LLC bought a new position in First Commonwealth Financial in the fourth quarter worth $27,000. KBC Group NV bought a new position in shares of First Commonwealth Financial during the third quarter worth approximately $28,000. Psagot Value Holdings Ltd. Israel bought a new position in shares of First Commonwealth Financial during the first quarter, valued at around $76,000. UMB Bank NA MO bought a new position in shares of First Commonwealth Financial during the fourth quarter, valued at approximately $89,000. Finally, Captrust Financial Advisors increased its stake in shares of First Commonwealth Financial by 16.5% during the third quarter. Captrust Financial Advisors now owns 7,314 shares of the bank valued at $100,000 after buying 1,034 additional shares in the last quarter. Hedge funds and other institutional investors hold 68.56% of the company’s shares.
FCF stock opened at $13.29 on Friday. The stock’s 50-day simple moving average is $14.53 and its 200-day simple moving average is $15.53. First Commonwealth Financial has a fifty-two week low of $12.36 and a fifty-two week high of $17.63. The company has a debt ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $1.25 billion, a P/E ratio of 9.99 and a beta of 1.04.
The company also recently announced a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Friday, May 6 received a dividend of $0.12 per share. The ex-dividend date was Thursday, May 5. This represents an annualized dividend of $0.48 and a dividend 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 currently 36.09%.
Profile of the Commonwealth’s First Financial Corporation (Get an evaluation)
First Commonwealth Financial Corporation, a financial holding company, provides various retail and corporate banking services in the United States. Its consumer services include personal checking accounts, interest-bearing checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, interest rate certificates of deposit fixed and variable loans, mortgages, secured and unsecured installment loans, construction and home loans, safe deposit boxes, credit cards, lines of credit with overdraft protection, IRA accounts and automated teller machine (ATM) services ), as well as internet, mobile and telephone banking.
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