Wall Street analysts forecast that First Commonwealth Financial Corporation (NYSE:FCF) will report $80.49 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for First Commonwealth Financial’s earnings, with the highest sales estimate coming in at $80.87 million and the lowest estimate coming in at $80.06 million. First Commonwealth Financial posted sales of $69.85 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that First Commonwealth Financial will report full year sales of $80.49 million for the current fiscal year, with estimates ranging from $307.86 million to $308.88 million. For the next financial year, analysts expect that the business will post sales of $331.55 million per share, with estimates ranging from $328.35 million to $337.23 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Commonwealth Financial.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. First Commonwealth Financial had a return on equity of 9.53% and a net margin of 21.96%. The business had revenue of $80.46 million for the quarter, compared to the consensus estimate of $79.29 million. During the same period in the previous year, the business earned $0.19 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis.

A number of research firms recently commented on FCF. Zacks Investment Research upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 target price on shares of First Commonwealth Financial in a research report on Wednesday, October 4th. Raymond James Financial decreased their target price on First Commonwealth Financial from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. FBR & Co reiterated a “neutral” rating and issued a $14.00 target price on shares of First Commonwealth Financial in a research report on Friday, October 27th. Finally, ValuEngine downgraded First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.83.

Several large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in First Commonwealth Financial by 2.8% during the second quarter. Nisa Investment Advisors LLC now owns 31,350 shares of the bank’s stock valued at $398,000 after purchasing an additional 850 shares during the period. Aperio Group LLC raised its position in First Commonwealth Financial by 9.8% during the second quarter. Aperio Group LLC now owns 64,899 shares of the bank’s stock valued at $823,000 after purchasing an additional 5,781 shares during the period. Russell Investments Group Ltd. raised its position in First Commonwealth Financial by 10.8% during the second quarter. Russell Investments Group Ltd. now owns 530,286 shares of the bank’s stock valued at $6,724,000 after purchasing an additional 51,727 shares during the period. Municipal Employees Retirement System of Michigan raised its position in First Commonwealth Financial by 52.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 31,030 shares of the bank’s stock valued at $393,000 after purchasing an additional 10,700 shares during the period. Finally, IFP Advisors Inc raised its position in First Commonwealth Financial by 0.6% during the second quarter. IFP Advisors Inc now owns 20,524 shares of the bank’s stock valued at $260,000 after purchasing an additional 120 shares during the period. Institutional investors own 65.65% of the company’s stock.

First Commonwealth Financial (NYSE:FCF) opened at $14.84 on Friday. First Commonwealth Financial has a 52-week low of $12.05 and a 52-week high of $15.67. The company has a market capitalization of $1,446.29, a PE ratio of 17.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.16%. First Commonwealth Financial’s dividend payout ratio is currently 43.24%.

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

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