Equities analysts expect First Commonwealth Financial Corporation (NYSE:FCF) to post $0.20 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for First Commonwealth Financial Corporation’s earnings. First Commonwealth Financial Corporation posted earnings of $0.19 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is scheduled to report its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that First Commonwealth Financial Corporation will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.80. For the next financial year, analysts anticipate that the business will post earnings of $0.88 per share, with EPS estimates ranging from $0.85 to $0.92. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow First Commonwealth Financial Corporation.

First Commonwealth Financial Corporation (NYSE:FCF) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share 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 business had revenue of $76.72 million for the quarter, compared to analysts’ expectations of $76.82 million. During the same period in the previous year, the company earned $0.14 earnings per share.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price target on shares of First Commonwealth Financial Corporation in a report on Thursday, August 10th. Canaccord Genuity reduced their price target on First Commonwealth Financial Corporation from C$4.25 to C$3.25 and set a “buy” rating on the stock in a report on Wednesday. Raymond James Financial, Inc. reduced their price target on First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a report on Wednesday. Finally, BidaskClub upgraded First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.82.

Hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of First Commonwealth Financial Corporation by 6.5% in the first quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock worth $153,000 after buying an additional 698 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of First Commonwealth Financial Corporation by 19.1% in the first quarter. AQR Capital Management LLC now owns 389,862 shares of the bank’s stock worth $5,170,000 after buying an additional 62,401 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of First Commonwealth Financial Corporation by 10.0% in the first quarter. Vanguard Group Inc. now owns 8,687,245 shares of the bank’s stock worth $115,193,000 after buying an additional 792,067 shares during the last quarter. Swiss National Bank increased its stake in shares of First Commonwealth Financial Corporation by 9.5% in the first quarter. Swiss National Bank now owns 162,000 shares of the bank’s stock worth $2,148,000 after buying an additional 14,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of First Commonwealth Financial Corporation by 11.3% in the first quarter. BNP Paribas Arbitrage SA now owns 18,239 shares of the bank’s stock worth $242,000 after buying an additional 1,850 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

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First Commonwealth Financial Corporation (NYSE:FCF) traded up 0.71% on Friday, reaching $12.70. 198,628 shares of the company traded hands. First Commonwealth Financial Corporation has a one year low of $9.62 and a one year high of $14.61. The company has a market capitalization of $1.23 billion, a PE ratio of 17.94 and a beta of 0.97. The stock’s 50 day moving average price is $12.78 and its 200 day moving average price is $13.01.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.54%. First Commonwealth Financial Corporation’s dividend payout ratio is presently 45.07%.

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.

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

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