Analysts expect First Commonwealth Financial Co. (NYSE:FCF – received rating) will report revenue of $97.26 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for First Commonwealth Financial’s earnings. The lowest sales estimate is $96.57 million and the highest is $98.06 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 report on Monday, January 1st.
On average, 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 year, analysts expect the company to report revenue of $426.85 million, with estimates ranging from $417.00 million to $443.96 million. Zacks revenue calculations are an average based on a survey of market research firms covering First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF – received rating) last announced its quarterly earnings data on Tuesday, April 26th. The bank reported earnings per share (EPS) of $0.29 for the quarter, missing analyst consensus estimates of $0.30 ($0.01). First Commonwealth Financial had a net margin of 32.00% and a return on equity of 11.51%. The company had revenue of $92.15 million for the quarter, compared to analyst estimates of $93.91 million. In the same period last year, the company generated earnings per share of $0.41. The company’s revenue for the quarter declined 4.8% compared to the same quarter last year.
A number of research analysts recently rated FCF shares. StockNews.com began reporting First Commonwealth Financial in a research note on Thursday, March 31. You give the stock a “hold” rating. DA Davidson restated a ‘buy’ rating on shares of First Commonwealth Financial in a report on Thursday 27th January. Finally, B. Riley lowered its price target on First Commonwealth Financial to $18.00 from $19.00 in a report on Tuesday, April 12. Three research analysts have rated the stock with a hold rating and four with 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 major investors have recently bought and sold FCF shares. Lazard Asset Management LLC bought a $27,000 new position in First Commonwealth Financial during the fourth quarter. KBC Group NV bought a new position in shares of First Commonwealth Financial worth approximately $28,000 during the third quarter. Psagot Value Holdings Ltd. Israel acquired a new position in shares of First Commonwealth Financial worth about $76,000 during the first quarter. UMB Bank NA MO bought a new position in First Commonwealth Financial stock valued at about $89,000 during the fourth quarter. Finally, Captrust Financial Advisors increased its stake in 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 purchasing an additional 1,034 shares last quarter. Hedge funds and other institutional investors own 68.56% of the company’s shares.
FCF share 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 52-week low of $12.36 and a 52-week high of $17.63. The company has a debt to equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $1.25 billion, a P/E of 9.99 and a beta of 1.04.
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 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 payout ratio is currently 36.09%.
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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