According to Zacks, First Commonwealth Financial Co. (NYSE: FCF) disclosed information about a quarterly dividend payment on Tuesday, October 25, when it announced the payment. Shareholders whose accounts were in good standing on November 4 will be eligible to receive dividend payments of $0.12 per share, to be paid on November 18. When results are annualized, the dividend payout amounts to $0.48 per year, resulting in a dividend yield of 3.50%. Also, this particular dividend has a date considered to be “ex-dividend”, which is November 3.
The dividend distributed by First Commonwealth Financial has increased annually for the past six years, with an average annualized growth rate of 9.1% over the past three years. The fact that First Commonwealth Financial maintains a dividend payout ratio of 31.2% demonstrates that the dividend is adequately supported by company earnings and well supported by company earnings. First Commonwealth Financial is anticipated to generate earnings per share of $1.62. Additionally, the company has a 29.6% payout rate, which means that it should be able to continue to pay its current dividend of $0.48 per share each year.
FCF’s first day of trading took place on Thursday, with shares opening at $13.70. The company has a beta of 0.98 and a P/E ratio of 10.15, contributing to the total market value of $1.28 billion. Over the past 52 weeks, the price of a First Commonwealth Financial share has fluctuated between a low of $12.76 and a high of $17.63. Although the current ratio, quick ratio, and debt-to-equity ratio equal 0.90, the debt-to-equity ratio is significantly lower at 0.17. The moving average price of the company’s shares over the last fifty days is currently $13.70; for the past 200 days, it has been trading at $13.85.
First Commonwealth Financial (NYSE: FCF) published the results of its most recent quarterly financial report on Tuesday, July 26. The bank’s earnings per share for the quarter came in at $0.33, which was in line with most people’s prediction of $0.33. First Commonwealth Financial, which had a net margin of 32.04%, achieved a return on equity of 11.74% despite its high level. Compared to the $98.20 million expected by industry analysts for the company’s sales in the quarter, the company’s actual sales revenue for the quarter was $98.17 million. The company’s earnings per share were $0.31 for the same period in the prior year’s financial statements. Sell-side analysts predict First Commonwealth Financial will generate earnings of 1.4 cents per share for the current fiscal year.
Major investors have recently revised the percentage of the company corresponding to the share they own in the company. Captrust Financial Advisors increased the number of shares in First Commonwealth Financial by 59.3% during the first three months of the year. Captrust Financial Advisors now owns 8,689 shares of the bank, which have a total value of $132,000 after purchasing an additional 3,233 shares during the quarter. During the second quarter, Verition Fund Management LLC invested approximately $135,000 more in First Commonwealth Financial to increase its ownership interest in that company. NewEdge Advisors LLC increased its holding in First Commonwealth Financial during the second quarter by investing approximately $144,000. This was part of the company’s effort to diversify its holdings. During the second quarter, Quantbot Technologies LP achieved a 1,833.5% increase in the proportion of First Commonwealth Financial shares it owned. As a result, Quantbot Technologies LP now owns 11,901 shares of the bank, which have a combined value of $159,000 due to the company’s purchase of an additional 11,301 shares during the relevant period. Last but not least, Dynamic Technology Lab Private Ltd. purchased a new investment in First Commonwealth Financial for approximately $235,000 in cash during the first three months of this year. At 70.36 percent, the company’s shares are held by institutional investors and hedge funds.
Recent research by analysts has focused on FCF in various contexts. First, Commonwealth Financial was the subject of an in-depth research report made available on StockNews.com for the first time on Wednesday, October 12. They recommended that shareholders “keep” their shares of the company. In a research note published on Wednesday, October 5, Piper Sandler stated that they were lowering their price target on First Commonwealth Financial to $15.00. In a research report issued on Tuesday, September 6, Raymond James lowered his price target for First Commonwealth Financial from $17.00 to $16.00 in a research report. The report was on the company’s stock and was published on Tuesday. After reviewing their results, Raymond James gave the study a “superior performance” rating. Janney Montgomery Scott’s investigative report published in First Commonwealth Financial on September 29 marked the beginning of the company’s coverage of First Commonwealth Financial’s shares. They suggested making a “buy” investment in the company and determined that a price range of $16.00 was appropriate for it. B. Riley increased his price target on First Commonwealth Financial from $16.00 to $17.00 in a research report published Monday, August 1. The final and most significant adjustment was made here. There are a total of five research analysts who have assigned a buy rating to the company, while there are only three who have assigned a hold rating. According to data provided by Bloomberg, the company is currently rated “Moderate Buy” and a price target of $16.42 has been set for each share.
The financial holding company, First Commonwealth Financial Corporation, in the United States, provides a wide range of banking services to individual customers and commercial companies. These services can be used for a variety of banking needs. Customer services include safe deposit boxes, credit cards, checking account overdraft lines of credit, individual retirement accounts (IRAs), interest-paying checking accounts, savings and health savings accounts, money market accounts secured, debit cards, investment certificates, and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, and ATMs. IRA accounts are individual retirement accounts. Current accounts that pay interest. Savings and health savings accounts. Current accounts that pay interest. Savings and health savings accounts.