Analysts expect First Commonwealth Financial Co. (NYSE:FCF – get rating) to post $97.26 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates of First Commonwealth Financial’s earnings. The highest sales estimate is $98.06 million and the lowest is $96.57 million. First Commonwealth Financial posted sales of $94.29 million during the same quarter last year, suggesting a positive year-over-year growth rate of 3.1%. The company is scheduled to file its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect First Commonwealth Financial to report annual sales of $393.82 million for the current fiscal year, with estimates ranging from $389.21 million to $400.57 million. For the next fiscal year, analysts anticipate the business to report sales of $426.85 million, with estimates ranging from $417.00 million to $443.96 million. Zacks’ sales averages are a median average based on a survey of sell-side analysts who follow First Commonwealth Financial.

First Commonwealth Financial (NYSE: FCF – get rating) last announced its quarterly earnings results on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.29 for the quarter, missing the consensus estimate of $0.30 per ($0.01). The company had revenue of $92.15 million in the quarter, compared to analyst estimates of $93.91 million. First Commonwealth Financial had a return on equity of 11.51% and a net margin of 32.00%. The company’s quarterly revenue fell 4.8% year over year. During the same quarter last year, the company posted earnings per share of $0.41.

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Several analysts recently weighed in on FCF’s shares. StockNews.com began coverage of the shares of First Commonwealth Financial in a research note on Thursday, March 31. They issued a “hold” rating on the stock. DA Davidson reissued a “buy” rating on shares of First Commonwealth Financial in a research note on Thursday, January 27. Finally, B. Riley lowered the price target on First Commonwealth Financial shares from $19.00 to $18.00 in a research note on Tuesday, April 12. Three research analysts rated the shares a hold rating and four assigned a buy rating to the company’s shares. According to MarketBeat data, First Commonwealth Financial currently has a consensus rating of “Buy” and a consensus price target of $18.33.

Shares of First Commonwealth Financial opened at $13.29 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89, and a debt-to-equity ratio of 0.17. First Commonwealth Financial has a twelve month minimum of $12.36 and a twelve month maximum of $17.63. The stock has a market capitalization of $1.25 billion, a P/E ratio of 9.99 and a beta of 1.04. The company’s 50-day moving average is $14.53 and its 200-day moving average is $15.53.

The company also recently declared a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Friday, May 6 received a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 5. This represents a dividend of $0.48 on an annualized basis and a yield of 3.61%. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $0.12. First Commonwealth Financial’s dividend payout ratio is 36.09%.

Several hedge funds have recently increased or reduced their holdings in the company. BlackRock Inc. boosted its position in shares of First Commonwealth Financial by 1.3% during the first quarter. BlackRock Inc. now owns 13,993,881 shares of the bank worth $212,147,000 after buying an additional 180,138 shares last quarter. State Street Corp boosted its position in shares of First Commonwealth Financial by 12.8% during the first quarter. State Street Corp now owns 4,611,897 shares of the bank worth $69,916,000 after buying an additional 524,228 shares last quarter. Charles Schwab Investment Management Inc. boosted its position 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 worth $29,983,000 after buying an additional 28,366 shares last quarter. Geode Capital Management LLC increased its position in shares of First Commonwealth Financial by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,655,003 shares of the bank worth $22,557,000 after purchasing an additional 4,486 shares last quarter. Finally, Northern Trust Corp strengthened its position 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 worth $23,860,000 after buying an additional 13,166 shares last quarter. Currently, 68.56% of the shares are owned by institutional investors.

Profile of the First Commonwealth Finance Company (get rating)

First Commonwealth Financial Corporation, a financial holding company, offers various commercial and consumer banking services in the United States. Its consumer services include personal checking accounts, interest-bearing checking accounts, savings and health accounts, secured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installments, construction and real estate loans, security deposit facilities, credit cards, lines of credit with overdraft protection, IRAs and ATM services, as well as Internet, mobile and telephone banking services .

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First Commonwealth Financial (NYSE:FCF) earnings history and estimates

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