First Commonwealth Financial (NYSE:FCF – Get Free Report) released its earnings results on Tuesday. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05), Briefing.com reports. The company had revenue of $121.21 million for the quarter, compared to analysts’ expectations of $119.47 million. First Commonwealth Financial had a return on equity of 12.14% and a net margin of 23.39%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS.
First Commonwealth Financial Trading Down 1.2 %
NYSE:FCF traded down $0.21 on Thursday, hitting $16.67. The stock had a trading volume of 40,253 shares, compared to its average volume of 509,583. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 10.48 and a beta of 0.83. The company has a fifty day moving average price of $16.85 and a two-hundred day moving average price of $15.30. First Commonwealth Financial has a 1-year low of $12.05 and a 1-year high of $19.01.
First Commonwealth Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.52 annualized dividend and a yield of 3.12%. First Commonwealth Financial’s payout ratio is 32.30%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on First Commonwealth Financial
Insider Buying and Selling at First Commonwealth Financial
In related news, EVP Michael P. Mccuen acquired 2,919 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average cost of $16.99 per share, for a total transaction of $49,593.81. Following the acquisition, the executive vice president now owns 57,623 shares in the company, valued at $979,014.77. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.97% of the stock is currently owned by company insiders.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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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