Analysts expect First Commonwealth Financial Co. (NYSE:FCF – Get a rating) to post $97.26 million in sales for the current fiscal quarter, according to Zacks. Four analysts made earnings estimates for First Commonwealth Financial. The highest sales estimate is $98.06 million and the lowest is $96.57 million. First Commonwealth Financial recorded sales of $94.29 million in the same quarter last year, suggesting a positive year-on-year growth rate of 3.1%. The company is due to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect First Commonwealth Financial to report annual revenue of $393.82 million for the current fiscal year, with estimates ranging from $389.21 million to $400.57. millions of dollars. For the next fiscal year, analysts expect the company to record sales of $426.85 million, with estimates ranging from $417.00 to $443.96 million. Zacks sales averages are an average average based on a survey of sell-side analysts who follow First Commonwealth Financial.
First Commonwealth Financial (NYSE: FCF – Get a rating) last announced its quarterly results on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.29 for the quarter, missing the consensus estimate of $0.30 per ($0.01). The company posted revenue of $92.15 million for the quarter, versus analyst estimates of $93.91 million. First Commonwealth Financial had a return on equity of 11.51% and a net margin of 32.00%. The company’s quarterly revenue was down 4.8% year over year. In the same quarter last year, the company posted earnings per share of $0.41.
Several analysts have recently weighed in on FCF shares. StockNews.com began covering shares of First Commonwealth Financial in a research note on Thursday, March 31. They issued a “hold” rating on the stock. DA Davidson reissued a “buy” rating on First Commonwealth Financial shares in a research note on Thursday, January 27. Finally, B. Riley cut his price target on First Commonwealth Financial shares from $19.00 to $18.00 in a Tuesday, April 12 research note. Three research analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat, First Commonwealth Financial currently has a consensus rating of “Buy” and a consensus target price of $18.33.
Shares of First Commonwealth Financial opened at $13.29 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt ratio of 0.17. First Commonwealth Financial has a 12-month low of $12.36 and a 12-month high of $17.63. The stock has a market capitalization of $1.25 billion, a price-earnings ratio of 9.99 and a beta of 1.04. The company’s fifty-day moving average is $14.53 and its 200-day moving average is $15.53.
The company also recently declared 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 was Thursday, May 5. This represents a dividend of $0.48 on an annualized basis and a yield of 3.61%. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $0.12. First Commonwealth Financial’s dividend payout ratio is 36.09%.
Several hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in shares of First Commonwealth Financial by 1.3% during the first quarter. BlackRock Inc. now owns 13,993,881 shares of the bank worth $212,147,000 after buying an additional 180,138 shares last quarter. State Street Corp increased its position in shares of First Commonwealth Financial by 12.8% in the 1st quarter. State Street Corp now owns 4,611,897 shares of the bank worth $69,916,000 after buying an additional 524,228 shares last quarter. Charles Schwab Investment Management Inc. increased its position in First Commonwealth Financial shares by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,977,742 shares of the bank worth $29,983,000 after buying 28,366 additional shares last quarter. Geode Capital Management LLC increased its position in First Commonwealth Financial shares by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,655,003 shares of the bank worth $22,557,000 after buying 4,486 additional shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of First Commonwealth Financial by 0.9% during the 4th quarter. Northern Trust Corp now owns 1,482,950 shares of the bank worth $23,860,000 after buying 13,166 more shares last quarter. 68.56% of the shares are currently held by institutional investors.
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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