Wall Street analysts expect that First Commonwealth Financial Co. (NYSE:FCF) will post sales of $94.57 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for First Commonwealth Financial’s earnings, with the highest sales estimate coming in at $95.73 million and the lowest estimate coming in at $92.07 million. First Commonwealth Financial posted sales of $93.14 million during the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The firm is expected to issue its next earnings report after the market closes on Tuesday, October 26th.
According to Zacks, analysts expect that First Commonwealth Financial will report full year sales of $381.28 million for the current year, with estimates ranging from $378.38 million to $382.98 million. For the next fiscal year, analysts anticipate that the company will post sales of $386.85 million, with estimates ranging from $373.60 million to $395.19 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Monday, July 26th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). The business had revenue of $94.29 million for the quarter, compared to analyst estimates of $93.85 million. First Commonwealth Financial had a return on equity of 11.03% and a net margin of 28.58%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS.
Shares of NYSE FCF traded up $0.13 during trading hours on Monday, hitting $14.14. 1,583 shares of the stock were exchanged, compared to its average volume of 462,959. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $1.36 billion, a PE ratio of 11.77 and a beta of 1.14. The company’s fifty day simple moving average is $13.40 and its two-hundred day simple moving average is $14.03. First Commonwealth Financial has a 1-year low of $8.19 and a 1-year high of $15.69.
The company also recently announced a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 6th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Thursday, August 5th. First Commonwealth Financial’s dividend payout ratio is presently 56.79%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in First Commonwealth Financial in the first quarter valued at $27,000. Eaton Vance Management acquired a new position in shares of First Commonwealth Financial during the first quarter valued at about $33,000. Berman Capital Advisors LLC grew its holdings in shares of First Commonwealth Financial by 46.0% during the second quarter. Berman Capital Advisors LLC now owns 4,153 shares of the bank’s stock valued at $58,000 after buying an additional 1,309 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in shares of First Commonwealth Financial during the second quarter valued at about $60,000. Finally, Quantbot Technologies LP acquired a new position in shares of First Commonwealth Financial during the first quarter valued at about $88,000. 68.07% of the stock is owned by institutional investors and hedge funds.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corp. is a financial holding company, which engages in the provision of a diversified array of consumer and commercial banking services through its bank subsidiary, First Commonwealth Bank (FCB). It also offers trust and wealth management services and offer insurance products through FCB and its other operating subsidiaries.
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