First Commonwealth Financial Corporation (NYSE:FCF) Announces Quarterly Earnings Results

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.

Earnings History for First Commonwealth Financial Corporation (NYSE:FCF)

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