Q1 2018 Earnings Forecast for First Commonwealth Financial Issued By Boenning Scattergood (FCF)

First Commonwealth Financial (NYSE:FCF) – Stock analysts at Boenning Scattergood decreased their Q1 2018 earnings per share estimates for First Commonwealth Financial in a research note issued on Thursday. Boenning Scattergood analyst M. Schultheis now expects that the bank will post earnings of $0.24 per share for the quarter, down from their prior estimate of $0.25. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for First Commonwealth Financial’s Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.27 EPS and FY2019 earnings at $1.08 EPS.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $80.98 million during the quarter, compared to the consensus estimate of $80.90 million. First Commonwealth Financial had a return on equity of 9.24% and a net margin of 16.67%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS.

FCF has been the subject of several other reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 target price on shares of First Commonwealth Financial in a report on Wednesday, October 4th. Zacks Investment Research cut First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. ValuEngine cut First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. FBR & Co restated a “neutral” rating and issued a $14.00 target price on shares of First Commonwealth Financial in a report on Friday, October 27th. Finally, B. Riley restated a “hold” rating and issued a $16.00 target price on shares of First Commonwealth Financial in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.57.

Shares of First Commonwealth Financial (FCF) opened at $14.83 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1,446.25, a price-to-earnings ratio of 25.57 and a beta of 0.98. First Commonwealth Financial has a twelve month low of $12.05 and a twelve month high of $15.67.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, February 1st. First Commonwealth Financial’s dividend payout ratio is presently 55.17%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in shares of First Commonwealth Financial during the 4th quarter worth $2,920,000. Bowling Portfolio Management LLC grew its holdings in shares of First Commonwealth Financial by 87.2% during the 4th quarter. Bowling Portfolio Management LLC now owns 76,985 shares of the bank’s stock worth $1,102,000 after purchasing an additional 35,868 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of First Commonwealth Financial by 16.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 575,420 shares of the bank’s stock worth $8,241,000 after purchasing an additional 82,818 shares during the period. Algert Global LLC purchased a new position in shares of First Commonwealth Financial during the 3rd quarter worth $141,000. Finally, Sterling Capital Management LLC purchased a new position in shares of First Commonwealth Financial during the 3rd quarter worth $1,097,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

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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.

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

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