First Commonwealth Financial (NYSE:FCF) to Post FY2019 Earnings of $1.10 Per Share, B. Riley Forecasts

First Commonwealth Financial (NYSE:FCF) – Research analysts at B. Riley cut their FY2019 earnings per share estimates for First Commonwealth Financial in a research note issued on Thursday, July 11th. B. Riley analyst S. Moss now anticipates that the bank will earn $1.10 per share for the year, down from their prior estimate of $1.11.

Several other equities analysts have also recently commented on FCF. Boenning Scattergood reaffirmed an “outperform” rating and set a $47.75 price target on shares of WSFS Financial in a research report on Thursday, June 20th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.20.



Shares of FCF stock opened at $13.31 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. First Commonwealth Financial has a one year low of $11.33 and a one year high of $17.91. The stock’s 50-day moving average is $13.01. The company has a market capitalization of $1.31 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). First Commonwealth Financial had a net margin of 27.84% and a return on equity of 11.25%. The firm had revenue of $84.80 million during the quarter, compared to analysts’ expectations of $84.91 million. During the same period in the previous year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis.

Several hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC lifted its position in shares of First Commonwealth Financial by 2.6% during the first quarter. Mason Street Advisors LLC now owns 31,679 shares of the bank’s stock worth $399,000 after purchasing an additional 803 shares during the last quarter. Piedmont Investment Advisors Inc. raised its stake in First Commonwealth Financial by 4.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 24,836 shares of the bank’s stock worth $313,000 after acquiring an additional 1,170 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in First Commonwealth Financial by 12.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,617 shares of the bank’s stock worth $140,000 after acquiring an additional 1,292 shares during the period. Comerica Bank raised its stake in First Commonwealth Financial by 1.4% during the first quarter. Comerica Bank now owns 97,882 shares of the bank’s stock worth $1,308,000 after acquiring an additional 1,351 shares during the period. Finally, Versant Capital Management Inc raised its stake in First Commonwealth Financial by 86.3% during the first quarter. Versant Capital Management Inc now owns 3,000 shares of the bank’s stock worth $37,000 after acquiring an additional 1,390 shares during the period. 66.57% of the stock is currently owned by institutional investors and hedge funds.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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.

Recommended Story: Why do earnings reports matter?

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

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