First Commonwealth Financial (NYSE:FCF – Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01, Zacks reports. First Commonwealth Financial had a net margin of 23.39% and a return on equity of 12.29%. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.34 million. During the same period last year, the business earned $0.42 EPS. First Commonwealth Financial’s revenue for the quarter was down 1.8% compared to the same quarter last year.
First Commonwealth Financial Stock Performance
NYSE FCF traded up $1.30 during trading on Thursday, reaching $18.60. The company’s stock had a trading volume of 1,736,849 shares, compared to its average volume of 505,783. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 11.75 and a beta of 0.85. First Commonwealth Financial has a twelve month low of $11.16 and a twelve month high of $19.01. The business’s fifty day moving average price is $14.03 and its 200-day moving average price is $13.76.
First Commonwealth Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a $0.13 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 2.80%. First Commonwealth Financial’s dividend payout ratio is presently 32.30%.
Analyst Upgrades and Downgrades
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First Commonwealth Financial Company Profile
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.
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