First Commonwealth Financial (FCF) Set to Announce Quarterly Earnings on Tuesday

First Commonwealth Financial (NYSE:FCF) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $168.55 million for the quarter, compared to analysts’ expectations of $123.17 million. First Commonwealth Financial had a return on equity of 13.78% and a net margin of 25.07%. During the same period in the prior year, the business posted $0.39 earnings per share. On average, analysts expect First Commonwealth Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Commonwealth Financial Price Performance

Shares of FCF stock opened at $12.63 on Tuesday. The stock’s fifty day moving average is $13.31 and its 200-day moving average is $13.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $1.29 billion, a PE ratio of 8.20 and a beta of 0.87. First Commonwealth Financial has a 52 week low of $11.16 and a 52 week high of $15.90.

First Commonwealth Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Thursday, February 8th. First Commonwealth Financial’s payout ratio is presently 32.47%.

Hedge Funds Weigh In On First Commonwealth Financial

Hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank acquired a new position in First Commonwealth Financial in the second quarter valued at about $180,000. Tower Research Capital LLC TRC lifted its stake in First Commonwealth Financial by 173.9% in the first quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the bank’s stock valued at $51,000 after buying an additional 2,594 shares during the period. International Assets Investment Management LLC acquired a new position in First Commonwealth Financial in the fourth quarter valued at about $74,000. Metropolitan Life Insurance Co NY increased its holdings in shares of First Commonwealth Financial by 14.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 5,758 shares of the bank’s stock worth $80,000 after acquiring an additional 710 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of First Commonwealth Financial by 59.3% in the first quarter. Captrust Financial Advisors now owns 8,689 shares of the bank’s stock worth $132,000 after acquiring an additional 3,233 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FCF shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of First Commonwealth Financial in a research note on Tuesday, April 9th. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Stephens cut their price target on First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th.

First Commonwealth Financial Company Profile

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.