Analysts Expect First Commonwealth Financial Co. (NYSE:FCF) Will Post Quarterly Sales of $97.39 Million

Analysts expect that First Commonwealth Financial Co. (NYSE:FCF) will post $97.39 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for First Commonwealth Financial’s earnings, with the highest sales estimate coming in at $98.72 million and the lowest estimate coming in at $94.75 million. First Commonwealth Financial posted sales of $94.11 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The business is scheduled to report its next quarterly earnings report on Tuesday, January 25th.

According to Zacks, analysts expect that First Commonwealth Financial will report full year sales of $386.09 million for the current year, with estimates ranging from $381.69 million to $388.00 million. For the next financial year, analysts forecast that the business will report sales of $389.38 million, with estimates ranging from $373.60 million to $402.42 million. Zacks’ sales calculations are an average based on a survey of research firms that cover First Commonwealth Financial.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Monday, October 25th. The bank reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $97.89 million for the quarter, compared to the consensus estimate of $94.52 million. First Commonwealth Financial had a net margin of 32.22% and a return on equity of 11.87%. During the same period in the prior year, the firm posted $0.24 EPS.

A number of analysts have recently issued reports on FCF shares. B. Riley dropped their price target on shares of First Commonwealth Financial from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, August 2nd. Royal Bank of Canada raised shares of First Commonwealth Financial from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $16.00 to $19.00 in a report on Thursday, October 28th. Zacks Investment Research raised shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday. Boenning Scattergood reaffirmed a “neutral” rating on shares of First Commonwealth Financial in a report on Thursday, October 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of First Commonwealth Financial in a report on Wednesday, July 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, First Commonwealth Financial presently has an average rating of “Buy” and an average price target of $17.13.

Several large investors have recently modified their holdings of FCF. Point72 Hong Kong Ltd bought a new stake in First Commonwealth Financial during the 1st quarter worth approximately $27,000. KBC Group NV bought a new stake in First Commonwealth Financial during the 3rd quarter worth approximately $28,000. Eaton Vance Management bought a new stake in First Commonwealth Financial during the 1st quarter worth approximately $33,000. Berman Capital Advisors LLC raised its stake in First Commonwealth Financial by 46.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 4,153 shares of the bank’s stock worth $58,000 after acquiring an additional 1,309 shares during the period. Finally, USA Financial Portformulas Corp bought a new stake in First Commonwealth Financial during the 2nd quarter worth approximately $60,000. Hedge funds and other institutional investors own 68.02% of the company’s stock.

Shares of NYSE FCF traded down $0.04 during trading on Thursday, reaching $16.12. 228,100 shares of the company traded hands, compared to its average volume of 452,638. The firm has a 50 day simple moving average of $14.67 and a 200-day simple moving average of $14.21. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.55 billion, a PE ratio of 11.94 and a beta of 1.13. First Commonwealth Financial has a 52-week low of $9.64 and a 52-week high of $16.28.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Friday, November 5th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, November 4th. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 34.07%.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corp. is a financial holding company, which engages in the provision of a diversified array of consumer and commercial banking services through its bank subsidiary, First Commonwealth Bank (FCB). It also offers trust and wealth management services and offer insurance products through FCB and its other operating subsidiaries.

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

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