First Commonwealth Financial (NYSE:FCF) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

First Commonwealth Financial (NYSE:FCF) posted its quarterly earnings data on Tuesday. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01, Briefing.com reports. First Commonwealth Financial had a return on equity of 13.78% and a net margin of 25.07%. The business had revenue of $116.60 million during the quarter, compared to analyst estimates of $119.80 million. During the same period last year, the company earned $0.45 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis.

First Commonwealth Financial Trading Down 1.2 %

NYSE:FCF traded down $0.16 on Wednesday, reaching $13.42. The company’s stock had a trading volume of 95,833 shares, compared to its average volume of 511,453. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 8.73 and a beta of 0.87. The stock has a 50 day moving average price of $13.27 and a 200 day moving average price of $13.60. First Commonwealth Financial has a 12-month low of $11.16 and a 12-month high of $15.90.

First Commonwealth Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.87%. First Commonwealth Financial’s dividend payout ratio (DPR) is 32.47%.

Wall Street Analyst Weigh In

Several brokerages recently commented on FCF. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of First Commonwealth Financial in a report on Tuesday, April 9th. Finally, Stephens decreased their target price on shares of First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating for the company in a research report on Tuesday, February 6th.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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.