First Commonwealth Financial Corporation (NYSE:FCF) released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02, Bloomberg Earnings reports. First Commonwealth Financial Corporation had a return on equity of 9.53% and a net margin of 21.96%. The company had revenue of $80.46 million for the quarter, compared to analyst estimates of $79.29 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year.
Shares of First Commonwealth Financial Corporation (NYSE FCF) remained flat at $$13.78 on Friday. 215,200 shares of the stock traded hands, compared to its average volume of 440,067. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1,340.00, a price-to-earnings ratio of 16.60 and a beta of 0.97. First Commonwealth Financial Corporation has a 12 month low of $10.81 and a 12 month high of $14.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, November 3rd. First Commonwealth Financial Corporation’s dividend payout ratio is 43.24%.
Several research analysts have commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Thursday, August 10th. Zacks Investment Research upgraded First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, August 2nd. FBR & Co restated a “neutral” rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a research note on Friday, October 27th. Raymond James Financial, Inc. decreased their target price on First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Finally, BidaskClub cut First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. First Commonwealth Financial Corporation presently has a consensus rating of “Buy” and a consensus price target of $9.96.
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About First Commonwealth Financial Corporation
First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.
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