First Commonwealth Financial Corporation (FCF) to Issue Quarterly Dividend of $0.14 on February 20th

First Commonwealth Financial Corporation (NYSE:FCF) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 6th will be given a dividend of 0.135 per share by the bank on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, February 6th.

First Commonwealth Financial has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. First Commonwealth Financial has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Commonwealth Financial to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 34.4%.

First Commonwealth Financial Stock Performance

Shares of NYSE:FCF opened at $17.62 on Thursday. First Commonwealth Financial has a 1 year low of $13.54 and a 1 year high of $18.42. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 12.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day simple moving average is $17.03 and its 200 day simple moving average is $16.81.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, January 27th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $137.82 million for the quarter, compared to the consensus estimate of $135.63 million. First Commonwealth Financial had a return on equity of 10.52% and a net margin of 20.88%.The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. As a group, research analysts predict that First Commonwealth Financial will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial declared that its Board of Directors has initiated a stock repurchase program on Monday, December 1st that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the bank to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About First Commonwealth Financial

First Commonwealth Financial Corporation, headquartered in Indiana, Pennsylvania, is a bank holding company whose primary subsidiary is First Commonwealth Bank. Established in 1889 as Indiana National Bank, the company has grown through a combination of organic expansion and strategic acquisitions to build a diversified platform of commercial banking, retail banking and wealth management services.

First Commonwealth offers a comprehensive suite of financial products, including deposit accounts, personal and business lending solutions, mortgage origination and servicing, treasury management, and trust and investment services.