Analysts Expect First Commonwealth Financial (NYSE:FCF) to Post $0.28 EPS
Wall Street analysts expect First Commonwealth Financial (NYSE:FCF) to announce $0.28 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for First Commonwealth Financial’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.27. First Commonwealth Financial reported earnings per share of $0.25 during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The company is expected to issue its next quarterly earnings report on Tuesday, October 22nd.
According to Zacks, analysts expect that First Commonwealth Financial will report full year earnings of $1.09 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.11. For the next financial year, analysts expect that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.08 to $1.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $89.03 million for the quarter, compared to analyst estimates of $88.15 million. First Commonwealth Financial had a return on equity of 10.49% and a net margin of 26.30%. During the same quarter in the previous year, the firm earned $0.33 EPS.
Shares of NYSE:FCF traded down $0.02 during trading on Thursday, hitting $12.14. 168,548 shares of the company were exchanged, compared to its average volume of 364,275. The stock has a market capitalization of $1.23 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. First Commonwealth Financial has a fifty-two week low of $11.33 and a fifty-two week high of $17.33. The firm has a fifty day simple moving average of $13.14. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, August 1st. First Commonwealth Financial’s payout ratio is presently 36.36%.
Several hedge funds have recently bought and sold shares of the stock. Mason Street Advisors LLC increased its holdings in shares of First Commonwealth Financial by 2.6% during the 1st quarter. Mason Street Advisors LLC now owns 31,679 shares of the bank’s stock worth $399,000 after acquiring an additional 803 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of First Commonwealth Financial by 2.2% during the 2nd quarter. Jennison Associates LLC now owns 54,432 shares of the bank’s stock worth $733,000 after acquiring an additional 1,168 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its stake in First Commonwealth Financial by 4.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 24,836 shares of the bank’s stock valued at $313,000 after purchasing an additional 1,170 shares during the period. Comerica Bank boosted its stake in First Commonwealth Financial by 1.4% in the 1st quarter. Comerica Bank now owns 97,882 shares of the bank’s stock valued at $1,308,000 after purchasing an additional 1,351 shares during the period. Finally, Versant Capital Management Inc boosted its stake in First Commonwealth Financial by 86.3% in the 1st quarter. Versant Capital Management Inc now owns 3,000 shares of the bank’s stock valued at $37,000 after purchasing an additional 1,390 shares during the period. 66.55% of the stock is currently owned by institutional investors and hedge funds.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiaries, 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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