First Commonwealth Financial (NYSE:FCF) Announces $0.10 Quarterly Dividend

First Commonwealth Financial (NYSE:FCF) announced a quarterly dividend on Tuesday, October 29th, Fidelity reports. Investors of record on Friday, November 8th will be given a dividend of 0.10 per share by the bank on Friday, November 22nd. This represents a $0.40 annualized dividend and a yield of 2.74%. The ex-dividend date is Thursday, November 7th.

First Commonwealth Financial stock traded down $0.01 during trading on Wednesday, hitting $14.60. The company had a trading volume of 32,731 shares, compared to its average volume of 347,150. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. First Commonwealth Financial has a 1-year low of $11.33 and a 1-year high of $14.78. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 13.27 and a beta of 1.16. The company’s 50 day simple moving average is $13.47 and its 200-day simple moving average is $13.14.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. First Commonwealth Financial had a net margin of 26.01% and a return on equity of 10.76%. The company had revenue of $91.10 million during the quarter, compared to analysts’ expectations of $91.58 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, analysts forecast that First Commonwealth Financial will post 1.11 earnings per share for the current fiscal year.

Several brokerages have commented on FCF. ValuEngine cut shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Zacks Investment Research cut shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. B. Riley set a $16.00 price target on shares of First Commonwealth Financial and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada began coverage on shares of First Commonwealth Financial in a research report on Friday, October 11th. They issued an “outperform” rating and a $16.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.67.

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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Dividend History for First Commonwealth Financial (NYSE:FCF)

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