Brokerages expect that First Commonwealth Financial Corporation (NYSE:FCF) will announce sales of $79.51 million for the current quarter, according to Zacks. Three analysts have made estimates for First Commonwealth Financial Corporation’s earnings. The lowest sales estimate is $77.97 million and the highest is $80.34 million. First Commonwealth Financial Corporation reported sales of $66.61 million in the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that First Commonwealth Financial Corporation will report full-year sales of $79.51 million for the current financial year, with estimates ranging from $300.60 million to $308.99 million. For the next year, analysts forecast that the business will report sales of $330.42 million per share, with estimates ranging from $323.15 million to $338.23 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover First Commonwealth Financial Corporation.

First Commonwealth Financial Corporation (NYSE:FCF) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. First Commonwealth Financial Corporation had a return on equity of 9.45% and a net margin of 21.61%. The company had revenue of $76.72 million during the quarter, compared to analyst estimates 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. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 target price on shares of First Commonwealth Financial Corporation in a research note on Thursday, August 10th. Zacks Investment Research upgraded First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, August 2nd. BidaskClub downgraded First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada assumed coverage on First Commonwealth Financial Corporation in a research note on Monday, July 17th. They set an “outperform” rating and a $14.00 target price for the company. Finally, Canaccord Genuity upgraded First Commonwealth Financial Corporation from a “speculative buy” rating to a “buy” rating and set a C$4.25 target price for the company in a research note on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. First Commonwealth Financial Corporation presently has an average rating of “Buy” and a consensus target price of $10.21.

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In other news, Director Stephen Reid purchased 35,700 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was acquired at an average cost of $3.35 per share, with a total value of $119,595.00. Over the last three months, insiders have purchased 88,444 shares of company stock valued at $271,168. 1.72% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in First Commonwealth Financial Corporation by 9.5% in the first quarter. Swiss National Bank now owns 162,000 shares of the bank’s stock valued at $2,148,000 after buying an additional 14,000 shares during the last quarter. Comerica Bank boosted its stake in First Commonwealth Financial Corporation by 4.1% in the first quarter. Comerica Bank now owns 98,618 shares of the bank’s stock valued at $1,303,000 after buying an additional 3,882 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in 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 valued at $242,000 after buying an additional 1,850 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in First Commonwealth Financial Corporation by 33.3% in the first quarter. Bank of New York Mellon Corp now owns 1,813,596 shares of the bank’s stock valued at $24,049,000 after buying an additional 453,031 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in First Commonwealth Financial Corporation by 148.0% in the first quarter. American Century Companies Inc. now owns 464,273 shares of the bank’s stock valued at $6,156,000 after buying an additional 277,066 shares during the last quarter. 60.79% of the stock is owned by institutional investors and hedge funds.

Shares of First Commonwealth Financial Corporation (FCF) traded up 0.39% on Wednesday, hitting $12.79. The stock had a trading volume of 36,210 shares. First Commonwealth Financial Corporation has a 52 week low of $9.62 and a 52 week high of $14.61. The company has a market cap of $1.24 billion, a PE ratio of 18.06 and a beta of 0.97. The stock’s 50-day moving average price is $12.84 and its 200 day moving average price is $13.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.32 annualized dividend and a yield of 2.51%. First Commonwealth Financial Corporation’s payout ratio is currently 45.07%.

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

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