$0.24 Earnings Per Share Expected for First Commonwealth Financial (FCF) This Quarter
Analysts expect First Commonwealth Financial (NYSE:FCF) to post earnings of $0.24 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for First Commonwealth Financial’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.23. First Commonwealth Financial posted earnings of $0.18 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is expected to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that First Commonwealth Financial will report full year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.05. For the next financial year, analysts forecast that the company will report earnings of $1.08 per share, with EPS estimates ranging from $1.07 to $1.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $80.98 million during the quarter, compared to analysts’ expectations of $80.90 million. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. First Commonwealth Financial’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS.
A number of large investors have recently added to or reduced their stakes in FCF. Ameritas Investment Partners Inc. increased its position in First Commonwealth Financial by 11.1% during the second quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock worth $108,000 after acquiring an additional 846 shares during the period. Meeder Asset Management Inc. increased its holdings in First Commonwealth Financial by 130.2% in the 4th quarter. Meeder Asset Management Inc. now owns 8,882 shares of the bank’s stock valued at $127,000 after buying an additional 5,023 shares during the period. Algert Global LLC bought a new position in First Commonwealth Financial in the 3rd quarter valued at about $141,000. NEXT Financial Group Inc bought a new position in First Commonwealth Financial in the 3rd quarter valued at about $181,000. Finally, Xact Kapitalforvaltning AB bought a new position in First Commonwealth Financial in the 4th quarter valued at about $217,000. 66.61% of the stock is currently owned by institutional investors and hedge funds.
First Commonwealth Financial (NYSE FCF) traded up $0.30 during midday trading on Friday, hitting $14.23. 360,377 shares of the stock were exchanged, compared to its average volume of 481,060. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1,358.51, a PE ratio of 24.53 and a beta of 0.94. First Commonwealth Financial has a one year low of $12.05 and a one year high of $15.67.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, February 1st. First Commonwealth Financial’s dividend payout ratio is 55.17%.
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About First Commonwealth Financial
First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.
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