First Commonwealth Financial (NYSE: FCF – Get a rating) is expected to announce its results before the market opens on Tuesday, April 26. Analysts expect the company to report earnings of $0.30 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
First Commonwealth Financial (NYSE: FCF – Get a rating) last announced its results on Tuesday, January 25. The bank reported earnings per share (EPS) of $0.37 for the quarter, beating Thomson Reuters consensus estimate of $0.33 by $0.04. The company posted revenue of $96.33 million in the quarter, versus analyst estimates of $97.09 million. First Commonwealth Financial had a return on equity of 12.55% and a net margin of 34.51%. First Commonwealth Financial’s revenue for the quarter increased 2.3% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.27. On average, analysts expect First Commonwealth Financial to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.
Shares of NYSE: FCF opened at $14.49 on Tuesday. The company has a market capitalization of $1.37 billion, a P/E ratio of 9.99 and a beta of 1.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt ratio of 0.16. First Commonwealth Financial has a 12-month low of $12.36 and a 12-month high of $17.63. The company has a fifty-day simple moving average of $15.59 and a 200-day simple moving average of $15.65.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 18. Shareholders of record on Friday, February 4 received a dividend of $0.115. This represents an annualized dividend of $0.46 and a dividend yield of 3.17%. The ex-dividend date was Thursday, February 3. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 31.72%.
Several research companies have recently weighed in on FCF. DA Davidson reissued a “buy” rating on First Commonwealth Financial shares in a research report on Thursday, January 27. B. Riley lowered his price target on First Commonwealth Financial from $19.00 to $18.00 in a Tuesday, April 12 research report. StockNews.com began covering First Commonwealth Financial in a research report on Thursday, March 31. They issued a “holding” rating for the company. To finish, Zacks Investment Research upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating and set a price target of $18.00 for the company in a Wednesday, January 5 research report. Three research analysts gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus buy rating and an average price target of $18.33.
Institutional investors have recently changed their stock portfolios. The Canada Pension Plan Investment Board acquired a new stake in First Commonwealth Financial in the 4th quarter, valued at approximately $257,000. LPL Financial LLC increased its position in First Commonwealth Financial by 7.7% in the third quarter. LPL Financial LLC now owns 25,415 shares of the bank valued at $346,000 after buying an additional 1,810 shares last quarter. Jane Street Group LLC increased its position in First Commonwealth Financial by 172.6% in Q3. Jane Street Group LLC now owns 27,886 shares of the bank valued at $380,000 after buying an additional 17,658 shares last quarter. Marshall Wace LLP bought a new stake in First Commonwealth Financial in Q4, valued at around $469,000. Finally, MetLife Investment Management LLC increased its position in First Commonwealth Financial by 15.2% in the 4th quarter. MetLife Investment Management LLC now owns 32,439 shares of the bank valued at $522,000 after buying an additional 4,284 shares last quarter. 67.70% of the shares are held by institutional investors and hedge funds.
Profile of the Commonwealth’s First Financial Corporation (Get a rating)
First Commonwealth Financial Corporation, a financial holding company, provides various retail and corporate banking services in the United States. Its consumer services include personal checking accounts, interest-bearing checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, interest rate certificates of deposit fixed and variable loans, mortgages, secured and unsecured installment loans, construction and home loans, safe deposit boxes, credit cards, lines of credit with overdraft protection, IRA accounts and automated teller machine (ATM) services ), as well as internet, mobile and telephone banking.
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