First Commonwealth Financial Co. (NYSE: FCF – Get a rating) – Equity research analysts B. Riley raised their second quarter 2022 earnings per share (EPS) estimates for First Commonwealth Financial in a research report delivered to clients and investors on Monday, July 11. B. Riley analyst S. Moss now expects the bank to earn $0.35 per share for the quarter, up from its previous estimate of $0.34. First Commonwealth Financial’s current annual earnings consensus estimate is $1.36 per share. B. Riley also released estimates for First Commonwealth Financial Q3 2022 profit at $0.43 EPS, full year 2022 profit at $1.57 EPS, Q1 2023 profit at $0.43 EPS , Q2 2023 earnings at $0.43 EPS, Q3 2023 earnings at $0.40 EPS and FY2023 earnings at $1.65 EPS.
Other stock analysts have also recently published research reports on the company. Raymond James downgraded First Commonwealth Financial from an “outperforming” rating to a “market performing” rating in a Thursday July 7 report. StockNews.com began covering First Commonwealth Financial in a report on Thursday, March 31. They set a “holding” rating for the company. Four equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.50.
Shares of First Commonwealth Financial Action opened at $13.57 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt ratio of 0.17. The company has a market capitalization of $1.28 billion, a PE ratio of 10.20 and a beta of 1.00. The company has a 50-day moving average of $13.55 and a 200-day moving average of $15.01. First Commonwealth Financial has a 52-week low of $12.36 and a 52-week high of $17.63.
First Commonwealth Financial (NYSE: FCF – Get a rating) last announced its results on Tuesday, April 26. The bank reported EPS of $0.29 for the quarter, missing analyst consensus estimates of $0.30 per ($0.01). The company posted revenue of $92.15 million for the quarter, versus a consensus estimate of $93.91 million. First Commonwealth Financial had a net margin of 32.00% and a return on equity of 11.51%. First Commonwealth Financial’s revenues were down 4.8% from the same quarter last year. During the same quarter of the previous year, the company achieved EPS of $0.41.
Several large investors have recently changed their stake in the company. BlackRock Inc. increased its stake in shares of First Commonwealth Financial by 1.3% in the first quarter. BlackRock Inc. now owns 13,993,881 shares of the bank valued at $212,147,000 after acquiring an additional 180,138 shares last quarter. State Street Corp increased its stake in shares of First Commonwealth Financial by 12.8% in the first quarter. State Street Corp now owns 4,611,897 shares of the bank valued at $69,916,000 after acquiring an additional 524,228 shares last quarter. Charles Schwab Investment Management Inc. increased its holding in shares of First Commonwealth Financial by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,977,742 shares of the bank valued at $29,983,000 after acquiring 28,366 additional shares last quarter. Northern Trust Corp increased its stake in shares of First Commonwealth Financial by 0.9% during the fourth quarter. Northern Trust Corp now owns 1,482,950 shares of the bank valued at $23,860,000 after acquiring 13,166 more shares last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in First Commonwealth Financial shares by 0.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,374,348 shares of the bank valued at $20,835,000 after buying 3,561 additional shares in the last quarter. Hedge funds and other institutional investors hold 68.56% of the company’s shares.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Friday, May 6 received a dividend of $0.12. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 5. This represents a dividend of $0.48 on an annualized basis and a yield of 3.54%. First Commonwealth Financial’s dividend payout ratio is 36.09%.
Profile of the Commonwealth’s First Financial Corporation (Get a rating)
First Commonwealth Financial Corporation, a financial holding company, provides various retail and corporate banking services in the United States. Its consumer services include personal checking accounts, interest-bearing checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, interest rate certificates of deposit fixed and variable loans, mortgages, secured and unsecured installment loans, construction and home loans, safe deposit boxes, credit cards, lines of credit with overdraft protection, IRA accounts and automated teller machine (ATM) services ), as well as internet, mobile and telephone banking.
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