First Commonwealth Financial to Issue Quarterly Dividend of $0.09 (FCF)

First Commonwealth Financial (NYSE:FCF) declared a quarterly dividend on Tuesday, October 23rd, RTT News reports. Investors of record on Friday, November 2nd will be paid a dividend of 0.09 per share by the bank on Friday, November 16th. This represents a $0.36 annualized dividend and a dividend yield of 2.46%.

First Commonwealth Financial has raised its dividend by an average of 4.6% annually over the last three years. First Commonwealth Financial has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Analysts expect First Commonwealth Financial to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 32.1%.

Shares of First Commonwealth Financial stock traded up $0.25 during trading on Tuesday, hitting $14.65. The company’s stock had a trading volume of 1,182,300 shares, compared to its average volume of 499,583. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 17.43 and a beta of 1.00. First Commonwealth Financial has a 52 week low of $13.50 and a 52 week high of $17.91.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings results on Tuesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $89.98 million during the quarter, compared to analyst estimates of $82.38 million. First Commonwealth Financial had a net margin of 22.17% and a return on equity of 10.81%. During the same period last year, the business earned $0.21 EPS. On average, equities analysts anticipate that First Commonwealth Financial will post 1.06 EPS for the current year.

Several brokerages recently issued reports on FCF. ValuEngine lowered shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Sandler O’Neill began coverage on shares of First Commonwealth Financial in a research note on Thursday, August 30th. They issued a “hold” rating and a $18.00 price target for the company. DA Davidson began coverage on shares of First Commonwealth Financial in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $18.00 price target for the company. Zacks Investment Research lowered shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Finally, Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research report on Wednesday, July 25th. Nine analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $16.67.

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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Dividend History for First Commonwealth Financial (NYSE:FCF)

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