Equities analysts expect First Commonwealth Financial Corporation (NYSE:FCF) to report sales of $79.51 million for the current quarter, Zacks reports. Three analysts have made estimates for First Commonwealth Financial Corporation’s earnings, with estimates ranging from $77.97 million to $80.34 million. First Commonwealth Financial Corporation posted sales of $66.61 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that First Commonwealth Financial Corporation will report full-year sales of $79.51 million for the current fiscal year, with estimates ranging from $300.60 million to $308.99 million. For the next fiscal year, analysts forecast that the company will post sales of $330.42 million per share, with estimates ranging from $323.15 million to $338.23 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for First Commonwealth Financial Corporation.

First Commonwealth Financial Corporation (NYSE:FCF) last released its earnings results on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. The firm had revenue of $76.72 million for the quarter, compared to the consensus estimate of $76.82 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share.

A number of equities research analysts recently issued reports on FCF shares. Canaccord Genuity cut shares of First Commonwealth Financial Corporation from a “buy” rating to a “speculative buy” rating and dropped their price target for the company from C$4.50 to C$4.25 in a research note on Monday, May 8th. Royal Bank Of Canada started coverage on shares of First Commonwealth Financial Corporation in a research note on Monday, July 17th. They issued an “outperform” rating and a $14.00 price target on the stock. Zacks Investment Research raised shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, August 2nd. BidaskClub raised shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, FBR & Co reissued a “hold” rating on shares of First Commonwealth Financial Corporation in a research note on Wednesday, April 26th. 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. First Commonwealth Financial Corporation presently has an average rating of “Buy” and an average target price of $10.21.

In other news, Director Stephen Reid acquired 35,700 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were bought at an average price of $3.35 per share, for a total transaction of $119,595.00. Insiders acquired a total of 88,444 shares of company stock worth $271,168 in the last 90 days. 1.72% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd raised its position in shares of First Commonwealth Financial Corporation by 62.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 42,848 shares of the bank’s stock worth $544,000 after buying an additional 16,439 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of First Commonwealth Financial Corporation during the second quarter worth $201,000. Piedmont Investment Advisors LLC purchased a new position in shares of First Commonwealth Financial Corporation during the second quarter worth $241,000. Ameritas Investment Partners Inc. raised its position in shares of First Commonwealth Financial Corporation by 11.1% in the second quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock worth $108,000 after buying an additional 846 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of First Commonwealth Financial Corporation during the second quarter worth $245,000. Institutional investors own 60.79% of the company’s stock.

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First Commonwealth Financial Corporation (FCF) traded up 0.32% during trading on Wednesday, hitting $12.49. 517,416 shares of the stock traded hands. The stock has a market cap of $1.21 billion, a P/E ratio of 17.64 and a beta of 0.97. First Commonwealth Financial Corporation has a 52-week low of $9.62 and a 52-week high of $14.61. The stock has a 50 day moving average price of $12.84 and a 200-day moving average price of $13.08.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a $0.08 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.56%. First Commonwealth Financial Corporation’s dividend payout ratio is currently 45.07%.

First Commonwealth Financial Corporation 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 Corporation (NYSE:FCF)

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