Zacks: Brokerages Anticipate First Commonwealth Financial (NYSE:FCF) to Post $0.28 Earnings Per Share
Equities analysts expect First Commonwealth Financial (NYSE:FCF) to announce earnings per share (EPS) of $0.28 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for First Commonwealth Financial’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.30. First Commonwealth Financial reported earnings of $0.27 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The firm is scheduled to report its next earnings results on Tuesday, February 4th.
On average, analysts expect that First Commonwealth Financial will report full year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.10 to $1.11. For the next financial year, analysts anticipate that the firm will post earnings of $1.13 per share, with EPS estimates ranging from $1.07 to $1.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. First Commonwealth Financial had a net margin of 26.01% and a return on equity of 10.76%. The company had revenue of $91.10 million for the quarter, compared to analysts’ expectations of $91.58 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. First Commonwealth Financial’s quarterly revenue was up 8.3% on a year-over-year basis.
FCF traded down $0.05 during trading hours on Thursday, hitting $14.51. The company’s stock had a trading volume of 335,631 shares, compared to its average volume of 352,982. The business’s 50-day moving average price is $13.53 and its 200-day moving average price is $13.15. First Commonwealth Financial has a 12 month low of $11.33 and a 12 month high of $14.78. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 13.19 and a beta of 1.16. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 7th. First Commonwealth Financial’s dividend payout ratio (DPR) is 36.36%.
A number of hedge funds have recently bought and sold shares of FCF. Smithfield Trust Co. increased its position in First Commonwealth Financial by 533.3% during the third quarter. Smithfield Trust Co. now owns 2,375 shares of the bank’s stock valued at $32,000 after acquiring an additional 2,000 shares during the last quarter. Winthrop Partners WNY LLC purchased a new stake in shares of First Commonwealth Financial during the third quarter valued at $52,000. NEXT Financial Group Inc purchased a new stake in shares of First Commonwealth Financial during the second quarter valued at $197,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of First Commonwealth Financial during the second quarter valued at $213,000. Finally, A.R.T. Advisors LLC boosted its stake in shares of First Commonwealth Financial by 101.8% during the second quarter. A.R.T. Advisors LLC now owns 27,757 shares of the bank’s stock valued at $374,000 after purchasing an additional 14,000 shares during the period. Institutional investors and hedge funds own 67.39% of the company’s stock.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiaries, 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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