First Commonwealth Financial (NYSE:FCF) Issues Earnings Results

First Commonwealth Financial (NYSE:FCF) released its quarterly earnings data on Tuesday. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01, Briefing.com reports. First Commonwealth Financial had a net margin of 25.07% and a return on equity of 13.78%. The business had revenue of $116.60 million for the quarter, compared to analyst estimates of $119.80 million. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year.

First Commonwealth Financial Trading Down 1.0 %

FCF stock traded down $0.13 during mid-day trading on Wednesday, reaching $13.45. The company’s stock had a trading volume of 26,561 shares, compared to its average volume of 510,653. The business’s 50 day moving average price is $13.27 and its 200 day moving average price is $13.60. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.73 and a beta of 0.87. First Commonwealth Financial has a 12 month low of $11.16 and a 12 month high of $15.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.14.

First Commonwealth Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 3.87%. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 32.47%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens dropped their price target on First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of First Commonwealth Financial in a research report on Tuesday, April 9th. Finally, StockNews.com raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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.