Wall Street brokerages expect First Commonwealth Financial (NYSE:FCF) to post earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for First Commonwealth Financial’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.27. First Commonwealth Financial reported earnings of $0.21 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 19%. The firm is scheduled to report its next earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that First Commonwealth Financial will report full year earnings of $1.03 per share for the current year, with EPS estimates ranging from $1.01 to $1.05. For the next financial year, analysts anticipate that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.10 to $1.13. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, April 24th. The bank reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. First Commonwealth Financial had a return on equity of 9.69% and a net margin of 18.06%. The company had revenue of $81.73 million for the quarter, compared to the consensus estimate of $79.69 million. During the same quarter last year, the business posted $0.18 EPS.
FCF has been the topic of several recent research reports. ValuEngine raised First Commonwealth Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.00.
First Commonwealth Financial opened at $15.66 on Friday, according to MarketBeat Ratings. 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 twelve month low of $12.06 and a twelve month high of $16.40. The firm has a market cap of $1.58 billion, a P/E ratio of 17.89 and a beta of 0.95.
In other First Commonwealth Financial news, CEO T Michael Price sold 50,127 shares of First Commonwealth Financial stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $15.75, for a total transaction of $789,500.25. Following the transaction, the chief executive officer now directly owns 182,510 shares of the company’s stock, valued at approximately $2,874,532.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in First Commonwealth Financial by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,095,809 shares of the bank’s stock worth $15,483,000 after buying an additional 17,825 shares during the period. WINTON GROUP Ltd acquired a new position in First Commonwealth Financial during the 1st quarter worth about $513,000. Xact Kapitalforvaltning AB lifted its holdings in First Commonwealth Financial by 119.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 33,269 shares of the bank’s stock worth $470,000 after buying an additional 18,100 shares during the period. Legal & General Group Plc lifted its holdings in First Commonwealth Financial by 1.9% during the 1st quarter. Legal & General Group Plc now owns 205,407 shares of the bank’s stock worth $2,898,000 after buying an additional 3,779 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in First Commonwealth Financial during the 1st quarter worth about $656,000. 66.85% of the stock is currently owned by hedge funds and other institutional investors.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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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