Analysts predict that First Commonwealth Financial Corporation (NYSE:FCF) will announce sales of $79.51 million for the current quarter, Zacks reports. Three analysts have provided estimates for First Commonwealth Financial Corporation’s earnings, with the highest sales estimate coming in at $80.34 million and the lowest estimate coming in at $77.97 million. First Commonwealth Financial Corporation reported sales of $66.61 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that First Commonwealth Financial Corporation will report full-year sales of $79.51 million for the current financial year, with estimates ranging from $300.60 million to $308.99 million. For the next year, analysts expect that the company will post sales of $330.42 million per share, with estimates ranging from $323.15 million to $338.23 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover First Commonwealth Financial Corporation.

First Commonwealth Financial Corporation (NYSE:FCF) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $76.82 million. During the same period in the previous year, the company earned $0.14 earnings per share.

A number of brokerages have commented on FCF. FBR & Co reissued a “hold” rating on shares of First Commonwealth Financial Corporation in a research report on Wednesday, April 26th. BidaskClub raised shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Canaccord Genuity downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “speculative buy” rating and dropped their price objective for the company from C$4.50 to C$4.25 in a research report on Monday, May 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $10.21.

TRADEMARK VIOLATION WARNING: “First Commonwealth Financial Corporation (FCF) Expected to Announce Quarterly Sales of $79.51 Million” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/first-commonwealth-financial-corporation-fcf-expected-to-announce-quarterly-sales-of-79-51-million/1494773.html.

In related news, Director Stephen Reid bought 35,700 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were purchased at an average cost of $3.35 per share, with a total value of $119,595.00. Insiders purchased a total of 88,444 shares of company stock worth $271,168 over the last ninety days. Insiders own 1.72% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of First Commonwealth Financial Corporation during the first quarter worth $101,000. Quantbot Technologies LP acquired a new stake in shares of First Commonwealth Financial Corporation during the second quarter worth $113,000. State of Alaska Department of Revenue boosted its stake in shares of First Commonwealth Financial Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 9,820 shares of the bank’s stock worth $130,000 after buying an additional 190 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of First Commonwealth Financial Corporation during the first quarter worth $138,000. Finally, Bank of Montreal Can boosted its stake in shares of First Commonwealth Financial Corporation by 6.5% in the first quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock worth $153,000 after buying an additional 698 shares in the last quarter. 60.79% of the stock is currently owned by hedge funds and other institutional investors.

First Commonwealth Financial Corporation (FCF) traded up 0.39% during trading on Wednesday, reaching $12.79. 36,210 shares of the company’s stock traded hands. First Commonwealth Financial Corporation has a 12-month low of $9.62 and a 12-month high of $14.61. The company has a market cap of $1.24 billion, a PE ratio of 18.06 and a beta of 0.97. The company has a 50 day moving average price of $12.84 and a 200-day moving average price of $13.10.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, August 3rd. First Commonwealth Financial Corporation’s dividend payout ratio (DPR) is 45.07%.

About First Commonwealth Financial Corporation

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.

Get a free copy of the Zacks research report on First Commonwealth Financial Corporation (FCF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for First Commonwealth Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Commonwealth Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.