Equities analysts predict that First Commonwealth Financial (NYSE:FCF) will report earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for First Commonwealth Financial’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. First Commonwealth Financial reported earnings per share of $0.33 during the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The firm is expected to announce its next earnings results on Tuesday, July 23rd.
On average, analysts expect that First Commonwealth Financial will report full-year earnings of $1.09 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.12. For the next year, analysts anticipate that the firm will report earnings of $1.17 per share, with EPS estimates ranging from $1.08 to $1.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $84.80 million during the quarter, compared to analyst estimates of $84.91 million. First Commonwealth Financial had a net margin of 27.84% and a return on equity of 11.25%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share.
FCF has been the topic of several recent research reports. ValuEngine lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.20.
Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in First Commonwealth Financial by 86.3% during the 1st quarter. Versant Capital Management Inc now owns 3,000 shares of the bank’s stock worth $37,000 after acquiring an additional 1,390 shares in the last quarter. Quantamental Technologies LLC increased its holdings in First Commonwealth Financial by 175.1% during the 1st quarter. Quantamental Technologies LLC now owns 5,185 shares of the bank’s stock worth $65,000 after purchasing an additional 3,300 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in First Commonwealth Financial by 2,233.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the bank’s stock worth $88,000 after purchasing an additional 6,700 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in First Commonwealth Financial by 12.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,617 shares of the bank’s stock worth $140,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in First Commonwealth Financial during the 1st quarter worth approximately $160,000. 66.57% of the stock is currently owned by hedge funds and other institutional investors.
First Commonwealth Financial stock traded up $0.35 during midday trading on Monday, hitting $13.47. 771,343 shares of the company were exchanged, compared to its average volume of 286,498. The stock has a fifty day simple moving average of $13.02. The company has a market cap of $1.29 billion, a P/E ratio of 12.25, a PEG ratio of 1.50 and a beta of 1.18. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.19. First Commonwealth Financial has a fifty-two week low of $11.33 and a fifty-two week high of $17.91.
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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