First Commonwealth Financial (NYSE:FCF – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01, Briefing.com reports. The firm had revenue of $116.60 million for the quarter, compared to analysts’ expectations of $119.80 million. First Commonwealth Financial had a return on equity of 12.89% and a net margin of 24.96%. First Commonwealth Financial’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share.
First Commonwealth Financial Price Performance
Shares of FCF stock traded down $0.03 during mid-day trading on Friday, reaching $13.53. The company’s stock had a trading volume of 16,630 shares, compared to its average volume of 513,484. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day moving average is $13.28 and its two-hundred day moving average is $13.60. The company has a market cap of $1.38 billion, a P/E ratio of 8.42 and a beta of 0.87. First Commonwealth Financial has a 1-year low of $11.16 and a 1-year high of $15.90.
First Commonwealth Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, May 2nd. This is a positive change from First Commonwealth Financial’s previous quarterly dividend of $0.13. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 31.06%.
Analysts Set New Price Targets
Check Out Our Latest Report on First Commonwealth Financial
About First Commonwealth Financial
First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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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