Brokerages expect that First Commonwealth Financial Co. (NYSE:FCF) will post earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Commonwealth Financial’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.26. First Commonwealth Financial reported earnings of $0.05 per share during the same quarter last year, which indicates a positive year over year growth rate of 460%. The company is scheduled to issue its next quarterly earnings report on Tuesday, April 27th.
According to Zacks, analysts expect that First Commonwealth Financial will report full-year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.10. For the next year, analysts expect that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $0.98 to $1.22. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last released its earnings results on Monday, January 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. First Commonwealth Financial had a return on equity of 7.42% and a net margin of 18.68%. The business had revenue of $94.11 million during the quarter, compared to the consensus estimate of $92.34 million. During the same period last year, the business posted $0.27 earnings per share.
In related news, EVP Brian G. Karrip sold 8,000 shares of First Commonwealth Financial stock in a transaction on Friday, February 26th. The stock was sold at an average price of $13.69, for a total transaction of $109,520.00. Also, EVP Matthew C. Tomb sold 12,500 shares of First Commonwealth Financial stock in a transaction on Monday, February 8th. The shares were sold at an average price of $12.61, for a total value of $157,625.00. Insiders have sold 23,000 shares of company stock valued at $303,395 in the last three months. 1.53% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. raised its position in First Commonwealth Financial by 0.9% during the fourth quarter. Federated Hermes Inc. now owns 147,750 shares of the bank’s stock valued at $1,616,000 after purchasing an additional 1,265 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in First Commonwealth Financial by 2.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 58,088 shares of the bank’s stock valued at $635,000 after purchasing an additional 1,518 shares in the last quarter. Hancock Whitney Corp raised its position in First Commonwealth Financial by 4.6% during the fourth quarter. Hancock Whitney Corp now owns 34,547 shares of the bank’s stock valued at $377,000 after purchasing an additional 1,529 shares in the last quarter. Swiss National Bank raised its position in First Commonwealth Financial by 1.3% during the third quarter. Swiss National Bank now owns 222,400 shares of the bank’s stock valued at $1,721,000 after purchasing an additional 2,900 shares in the last quarter. Finally, BHZ Capital Management LP raised its position in First Commonwealth Financial by 6.0% during the fourth quarter. BHZ Capital Management LP now owns 63,179 shares of the bank’s stock valued at $691,000 after purchasing an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 66.95% of the company’s stock.
NYSE:FCF traded up $0.10 during trading hours on Friday, reaching $14.46. The stock had a trading volume of 304,619 shares, compared to its average volume of 583,345. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50 day simple moving average of $14.35 and a 200 day simple moving average of $11.34. First Commonwealth Financial has a 12-month low of $6.77 and a 12-month high of $15.56. The stock has a market cap of $1.39 billion, a P/E ratio of 19.03 and a beta of 1.13.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Friday, February 5th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, February 4th. First Commonwealth Financial’s dividend payout ratio is 40.00%.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, a financial holding company, provides various 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 and health 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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