First Commonwealth Financial (NYSE:FCF – Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01, Zacks reports. First Commonwealth Financial had a return on equity of 12.29% and a net margin of 23.39%. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.34 million. During the same period in the previous year, the company posted $0.42 earnings per share. First Commonwealth Financial’s revenue for the quarter was down 1.8% on a year-over-year basis.
First Commonwealth Financial Price Performance
NYSE FCF traded up $1.55 during mid-day trading on Thursday, hitting $18.85. The stock had a trading volume of 561,665 shares, compared to its average volume of 497,133. The firm’s 50 day moving average is $14.03 and its 200 day moving average is $13.76. First Commonwealth Financial has a twelve month low of $11.16 and a twelve month high of $18.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.47 and a beta of 0.85.
First Commonwealth Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, August 2nd. First Commonwealth Financial’s dividend payout ratio is currently 32.30%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on First Commonwealth Financial
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.
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