First Commonwealth Financial Corporation (NYSE:FCF) – Equities research analysts at B. Riley upped their Q1 2018 earnings per share (EPS) estimates for First Commonwealth Financial in a note issued to investors on Thursday. B. Riley analyst S. Moss now anticipates that the bank will earn $0.24 per share for the quarter, up from their previous estimate of $0.20. B. Riley also issued estimates for First Commonwealth Financial’s Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $1.02 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $1.07 EPS.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $80.46 million during the quarter, compared to the consensus estimate of $79.29 million. First Commonwealth Financial had a return on equity of 9.53% and a net margin of 21.96%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, September 19th. ValuEngine downgraded First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. FBR & Co reiterated a “neutral” rating and set a $14.00 price objective on shares of First Commonwealth Financial in a research note on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of First Commonwealth Financial in a research note on Wednesday, October 4th. Finally, Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.83.
First Commonwealth Financial (NYSE FCF) opened at $15.09 on Friday. The stock has a market capitalization of $1,470.00, a P/E ratio of 20.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.86. First Commonwealth Financial has a 52 week low of $12.05 and a 52 week high of $15.67.
A number of hedge funds and other institutional investors have recently bought and sold shares of FCF. State Street Corp lifted its holdings in First Commonwealth Financial by 10.0% in the 2nd quarter. State Street Corp now owns 3,301,635 shares of the bank’s stock worth $41,864,000 after purchasing an additional 299,793 shares in the last quarter. Citadel Advisors LLC purchased a new position in First Commonwealth Financial in the 2nd quarter worth approximately $3,416,000. BlackRock Inc. lifted its holdings in First Commonwealth Financial by 2.3% in the 2nd quarter. BlackRock Inc. now owns 11,236,579 shares of the bank’s stock worth $142,479,000 after purchasing an additional 257,186 shares in the last quarter. Koch Industries Inc. purchased a new position in First Commonwealth Financial in the 2nd quarter worth approximately $201,000. Finally, Alliancebernstein L.P. raised its holdings in shares of First Commonwealth Financial by 11.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,014,195 shares of the bank’s stock worth $25,540,000 after acquiring an additional 209,250 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors.
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First Commonwealth Financial Company Profile
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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