First Commonwealth Financial (NYSE:FCF) declared a quarterly dividend on Tuesday, October 29th, Fidelity reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.10 per share by the bank on Friday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, November 7th.
Shares of FCF traded up $0.13 during trading hours on Tuesday, reaching $14.63. The stock had a trading volume of 3,995 shares, compared to its average volume of 347,150. First Commonwealth Financial has a 12 month low of $11.33 and a 12 month high of $14.65. The stock has a market capitalization of $1.41 billion, a PE ratio of 13.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.92. The company’s 50-day moving average is $13.44 and its two-hundred day moving average is $13.13.
First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Tuesday, October 29th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $91.10 million during the quarter, compared to analyst estimates of $91.58 million. First Commonwealth Financial had a return on equity of 10.76% and a net margin of 26.01%. First Commonwealth Financial’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. Equities analysts anticipate that First Commonwealth Financial will post 1.1 earnings per share for the current fiscal year.
Several research analysts recently issued reports on FCF shares. Zacks Investment Research lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. ValuEngine lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Royal Bank of Canada started coverage on First Commonwealth Financial in a research report on Friday, October 11th. They set an “outperform” rating and a $16.00 target price for the company. Finally, B. Riley set a $16.00 target price on First Commonwealth Financial and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. First Commonwealth Financial presently has a consensus rating of “Hold” and an average target price of $15.67.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services.
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