Analysts expect First Commonwealth Financial Co. (NYSE: FCF – get rating) will report $97.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have 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 during the same quarter last year, indicating a positive year-over-year growth rate of 3.1%. The company is expected to issue 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 anticipate the company to report sales of $426.85 million, with estimates ranging from $417.00 million to $443.96 million. Zacks sales estimates are an average based on a survey of research firms that provide coverage to First Commonwealth Financial.
First Commonwealth Financial (NYSE: FCF – get rating) last announced its quarterly earnings data on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.29 for the quarter, below 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 business had revenue of $92.15 million during the quarter, compared to analyst estimates of $93.91 million. During the same period last year, the company earned $0.41 of earnings per share. The company’s revenue for the quarter fell 4.8% compared to the same quarter last year.
Several research analysts recently weighed in on FCF’s shares. StockNews.com began coverage of First Commonwealth Financial in a research note on Thursday, March 31. They set a “hold” rating on the stock. DA Davidson reissued a “buy” rating on shares of First Commonwealth Financial in a report on Thursday, January 27. Finally, B. Riley lowered its price target on First Commonwealth Financial from $19.00 to $18.00 in a report on Tuesday, April 12. Three research analysts rated the stock a hold rating and four issued a buy rating on the stock. According to data from MarketBeat.com, the company currently has an average “Buy” rating and a consensus price target of $18.33.
Several large investors have recently bought and sold FCF shares. Lazard Asset Management LLC purchased a new position in First Commonwealth Financial in the fourth quarter valued at $27,000. KBC Group NV bought a new position in shares of First Commonwealth Financial during the third quarter valued at about $28,000. Psagot Value Holdings Ltd. Israel bought a new position in shares of First Commonwealth Financial during the first quarter valued at about $76,000. UMB Bank NA MO purchased a new position in shares of First Commonwealth Financial during the fourth quarter valued at around $89,000. Finally, Captrust Financial Advisors increased its holding 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 an additional 1,034 shares last quarter. Hedge funds and other institutional investors own 68.56% of the company’s shares.
FCF Shares 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 minimum of $12.36 and a fifty two week maximum of $17.63. The firm 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 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 of this dividend 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 First Commonwealth Finance Company (get rating)
First Commonwealth Financial Corporation, a financial holding company, offers various commercial and consumer banking services in the United States. Its consumer services include personal checking accounts, interest-bearing checking accounts, savings and health accounts, secured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installments, construction and real estate loans, security deposit facilities, credit cards, lines of credit with overdraft protection, IRAs and ATM services, as well as Internet, mobile and telephone banking services .
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