First Commonwealth Financial (FCF) Expected to Post Earnings of $0.17 Per Share
Equities research analysts predict that First Commonwealth Financial (NYSE:FCF) will report earnings of $0.17 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Commonwealth Financial’s earnings, with estimates ranging from $0.16 to $0.18. First Commonwealth Financial reported earnings of $0.14 per share during the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, April 25th.
According to Zacks, analysts expect that First Commonwealth Financial will report full year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.77. For the next financial year, analysts forecast that the company will report earnings of $0.88 per share, with EPS estimates ranging from $0.85 to $0.92. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Wednesday, January 25th. The bank reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. First Commonwealth Financial had a return on equity of 8.27% and a net margin of 21.11%. The firm had revenue of $69.85 million for the quarter, compared to analysts’ expectations of $67.38 million. During the same period in the prior year, the firm posted $0.11 earnings per share.
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FCF has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th. FBR & Co lifted their price target on shares of First Commonwealth Financial from $14.00 to $15.00 and gave the company a “mkt perform” rating in a report on Thursday, January 26th. Canaccord Genuity reiterated a “buy” rating and issued a C$4.50 price target on shares of First Commonwealth Financial in a report on Tuesday, January 17th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$4.50 price target on shares of First Commonwealth Financial in a report on Wednesday, March 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $8.71.
In other First Commonwealth Financial news, Director Stephen Reid bought 10,000 shares of First Commonwealth Financial stock in a transaction that occurred on Thursday, February 9th. The shares were acquired at an average price of $3.58 per share, for a total transaction of $35,800.00. Insiders have purchased a total of 87,409 shares of company stock worth $300,965 in the last 90 days. Company insiders own 1.58% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in First Commonwealth Financial by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the bank’s stock valued at $481,000 after buying an additional 500 shares during the last quarter. Bank of Montreal Can raised its position in First Commonwealth Financial by 6.5% in the first quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock valued at $153,000 after buying an additional 698 shares during the last quarter. Teachers Advisors LLC raised its position in First Commonwealth Financial by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 1,186,120 shares of the bank’s stock valued at $16,819,000 after buying an additional 16,307 shares during the last quarter. Norges Bank acquired a new position in First Commonwealth Financial during the fourth quarter valued at $9,506,000. Finally, Thrivent Financial for Lutherans raised its position in First Commonwealth Financial by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 548,205 shares of the bank’s stock valued at $7,774,000 after buying an additional 2,170 shares during the last quarter. Institutional investors and hedge funds own 62.05% of the company’s stock.
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First Commonwealth Financial (NYSE:FCF) opened at 12.68 on Thursday. First Commonwealth Financial has a 12-month low of $8.46 and a 12-month high of $14.61. The company has a 50-day moving average price of $13.27 and a 200-day moving average price of $12.74. The firm has a market capitalization of $1.13 billion, a PE ratio of 18.93 and a beta of 0.96.
First Commonwealth Financial 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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