Q1 2018 Earnings Estimate for First Commonwealth Financial (FCF) Issued By B. Riley

First Commonwealth Financial (NYSE:FCF) – Equities researchers at B. Riley upped their Q1 2018 earnings per share (EPS) estimates for First Commonwealth Financial in a research note issued to investors on Thursday, Zacks Investment Research reports. B. Riley analyst S. Moss now anticipates that the bank will post earnings of $0.24 per share for the quarter, up from their previous forecast of $0.20. B. Riley has a “Hold” rating and a $16.00 price objective on the stock. 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.

A number of other brokerages have also weighed in on FCF. Boenning Scattergood reaffirmed a “hold” rating on shares of First Commonwealth Financial in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.00 price target on shares of First Commonwealth Financial in a research note on Monday, January 29th. Zacks Investment Research raised shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, October 27th. FBR & Co reaffirmed a “neutral” rating and issued a $14.00 price target on shares of First Commonwealth Financial in a research note on Friday, October 27th. Finally, ValuEngine lowered shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. First Commonwealth Financial has a consensus rating of “Hold” and a consensus target price of $11.86.

First Commonwealth Financial (NYSE:FCF) traded down $0.08 during mid-day trading on Friday, hitting $14.51. 500,809 shares of the stock traded hands, compared to its average volume of 496,928. The stock has a market cap of $1,414.09, a price-to-earnings ratio of 17.70 and a beta of 0.94. First Commonwealth Financial has a twelve month low of $12.05 and a twelve month high of $15.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.87 and a current ratio of 0.87.

First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. The business had revenue of $80.98 million for the quarter, compared to analyst estimates of $80.90 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in First Commonwealth Financial by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,864,321 shares of the bank’s stock valued at $112,399,000 after acquiring an additional 177,076 shares during the last quarter. Northern Trust Corp raised its holdings in First Commonwealth Financial by 5.8% in the 2nd quarter. Northern Trust Corp now owns 1,552,863 shares of the bank’s stock valued at $19,689,000 after acquiring an additional 84,936 shares during the last quarter. American Century Companies Inc. raised its holdings in First Commonwealth Financial by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 537,145 shares of the bank’s stock valued at $7,590,000 after acquiring an additional 12,961 shares during the last quarter. Prudential Financial Inc. raised its holdings in First Commonwealth Financial by 54.1% in the 3rd quarter. Prudential Financial Inc. now owns 505,583 shares of the bank’s stock valued at $7,144,000 after acquiring an additional 177,530 shares during the last quarter. Finally, Comerica Bank raised its holdings in First Commonwealth Financial by 11.6% in the 3rd quarter. Comerica Bank now owns 102,766 shares of the bank’s stock valued at $1,478,000 after acquiring an additional 10,651 shares during the last quarter. Institutional investors own 65.74% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.32 dividend on an annualized basis and a yield of 2.21%. First Commonwealth Financial’s payout ratio is 55.17%.

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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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Earnings History and Estimates for First Commonwealth Financial (NYSE:FCF)

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