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.
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.
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