Equities research analysts expect that First Commonwealth Financial Corporation (NYSE:FCF) will announce earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for First Commonwealth Financial’s earnings. First Commonwealth Financial posted earnings of $0.22 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.5%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, January 23rd.

On average, analysts expect that First Commonwealth Financial will report full-year earnings of $0.82 per share for the current year, with EPS estimates ranging from $0.81 to $0.83. For the next year, analysts anticipate that the firm will post earnings of $0.98 per share, with EPS estimates ranging from $0.85 to $1.10. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow First Commonwealth Financial.

First Commonwealth Financial (NYSE:FCF) last released its earnings results on Wednesday, October 25th. The bank reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $80.46 million for the quarter, compared to the consensus estimate of $79.29 million. First Commonwealth Financial had a return on equity of 9.53% and a net margin of 21.96%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share.

A number of brokerages have commented on FCF. Boenning Scattergood restated a “hold” rating on shares of First Commonwealth Financial in a research note on Thursday. Zacks Investment Research upgraded shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, October 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price target on shares of First Commonwealth Financial in a research note on Wednesday, October 4th. FBR & Co restated a “neutral” rating and set a $14.00 price target on shares of First Commonwealth Financial in a research note on Friday, October 27th. Finally, ValuEngine cut shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.83.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its stake in shares of First Commonwealth Financial by 11.1% in the second quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock valued at $108,000 after acquiring an additional 846 shares during the last quarter. Amalgamated Bank raised its stake in shares of First Commonwealth Financial by 9.7% in the second quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock valued at $167,000 after acquiring an additional 1,160 shares during the last quarter. Pinebridge Investments L.P. raised its stake in shares of First Commonwealth Financial by 4.4% in the second quarter. Pinebridge Investments L.P. now owns 59,455 shares of the bank’s stock valued at $753,000 after acquiring an additional 2,520 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of First Commonwealth Financial by 8.7% in the second quarter. Voya Investment Management LLC now owns 46,663 shares of the bank’s stock valued at $592,000 after acquiring an additional 3,721 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of First Commonwealth Financial by 3.2% in the third quarter. Great West Life Assurance Co. Can now owns 127,666 shares of the bank’s stock valued at $1,804,000 after acquiring an additional 3,931 shares during the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

First Commonwealth Financial (NYSE FCF) opened at $14.97 on Friday. The company has a market cap of $1,430.00, a PE ratio of 20.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.86. First Commonwealth Financial has a one year low of $12.05 and a one year high of $15.67.

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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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Earnings History and Estimates for First Commonwealth Financial (NYSE:FCF)

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