Equities analysts expect First Commonwealth Financial (NYSE:FCF) to post sales of $91.07 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for First Commonwealth Financial’s earnings, with estimates ranging from $89.38 million to $92.81 million. First Commonwealth Financial posted sales of $83.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 22nd.
On average, analysts expect that First Commonwealth Financial will report full-year sales of $358.10 million for the current financial year, with estimates ranging from $354.15 million to $362.66 million. For the next financial year, analysts expect that the business will post sales of $378.83 million, with estimates ranging from $370.74 million to $383.07 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. First Commonwealth Financial had a net margin of 26.30% and a return on equity of 10.49%. The company had revenue of $89.03 million during the quarter, compared to the consensus estimate of $88.15 million. During the same quarter last year, the firm posted $0.33 EPS.
Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in First Commonwealth Financial by 86.3% in the 1st quarter. Versant Capital Management Inc now owns 3,000 shares of the bank’s stock worth $37,000 after purchasing an additional 1,390 shares in the last quarter. Quantamental Technologies LLC raised its stake in First Commonwealth Financial by 175.1% in the 1st quarter. Quantamental Technologies LLC now owns 5,185 shares of the bank’s stock worth $65,000 after purchasing an additional 3,300 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in First Commonwealth Financial by 2,233.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the bank’s stock worth $88,000 after purchasing an additional 6,700 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in First Commonwealth Financial in the 1st quarter worth about $160,000. Finally, NEXT Financial Group Inc acquired a new stake in First Commonwealth Financial in the 2nd quarter worth about $197,000. 66.55% of the stock is owned by institutional investors and hedge funds.
Shares of FCF traded down $0.02 during midday trading on Friday, reaching $12.14. The stock had a trading volume of 168,548 shares, compared to its average volume of 364,275. The company’s 50 day simple moving average is $13.14. First Commonwealth Financial has a one year low of $11.33 and a one year high of $17.33. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, August 1st. First Commonwealth Financial’s payout ratio is 36.36%.
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.
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