Wall Road brokers anticipate First Commonwealth Monetary Co. (NYSE: FCF) to put up earnings of $ 0.28 per share for the present quarter, in line with Zacks funding analysis. Three analysts offered earnings estimates for First Commonwealth Monetary, with the bottom EPS estimate at $ 0.26 and the best estimate at $ 0.31. First Commonwealth Monetary posted earnings per share of $ 0.05 in the identical quarter final yr, which might point out a constructive year-over-year progress price of 460%. The corporate is anticipated to announce its subsequent earnings report on Tuesday, April 27.

In line with Zacks, analysts anticipate First Commonwealth Monetary to report annual earnings of $ 1.01 per share for the present fiscal yr, with EPS estimates starting from $ 0.90 to $ 1.10. For the following fiscal yr, analysts anticipate the corporate to put up earnings of $ 1.08 per share, with EPS estimates starting from $ 0.98 to $ 1.15. Zacks Funding Analysis’s EPS averages are a median primarily based on a survey of seller-side analysis analysts who cowl First Commonwealth Monetary.

First Commonwealth Monetary (NYSE: FCF) final revealed its quarterly outcomes on Monday, January 25. The financial institution reported EPS of $ 0.27 for the quarter, beating analyst consensus estimates of $ 0.23 by $ 0.04. First Commonwealth Monetary posted a return on fairness of seven.42% and a internet margin of 18.68%. The corporate posted income of $ 94.11 million for the quarter, in comparison with analysts’ estimates of $ 92.34 million. In the identical quarter of the earlier yr, the corporate posted EPS of $ 0.27.

The FCF has been the topic of quite a lot of analyst studies. B. Riley raised his value goal on First Commonwealth Monetary from $ 12.00 to $ 13.00 and rated the corporate as “impartial” in a analysis report on Thursday, January 7. Zacks funding analysis Upgraded First Commonwealth Monetary from a “preserve” ranking to a “purchase” ranking and set a goal value of $ 14.00 on the inventory in a analysis report on Tuesday, January 26. DA Davidson downgraded First Commonwealth Monetary from a “impartial” ranking to a “purchase” ranking in a analysis report on Monday, January 11. Lastly, Stephens assumed protection of First Commonwealth Monetary in a analysis report on Tuesday. They set an “obese” ranking and a goal value of $ 16.50 on the inventory. 5 analysis analysts rated the inventory with a sustaining ranking and three gave the inventory a purchase ranking. First Commonwealth Monetary has a consensus maintain ranking and a consensus goal value of $ 11.50.

NYSE FCF open for $ 14.50 on Fridays. The corporate’s 50-day cell common value is $ 14.10 and its two-hundred-day cell common value is $ 11.10. First Commonwealth Monetary has a 12 month low of $ 6.77 and a 12 month excessive of $ 15.56. The corporate has a market cap of $ 1.40 billion, a PE ratio of 19.08 and a beta of 1.13. The corporate has a present ratio of 0.93, a fast ratio of 0.93, and a debt ratio of 0.22.

The corporate additionally just lately declared a quarterly dividend, which was paid on Friday, February 19. Shareholders of document on Friday February 5 obtained a dividend of $ 0.11. The ex-dividend date of this dividend was Thursday, February 4. This represents an annualized dividend of $ 0.44 and a return of three.03%. First Commonwealth Monetary’s payout ratio is at present 40.00%.

In different First Commonwealth Monetary information, Government Vice President Brian G. Karrip bought 8,000 shares in a commerce that occurred on Friday, February 26. The inventory was bought for a median value of $ 13.69, for a complete worth of $ 109,520.00. Moreover, Government Vice President Matthew C. Tomb bought 12,500 shares in a commerce that occurred on Monday, February 8. The inventory was bought for a median value of $ 12.61, for a complete worth of $ 157,625.00. Within the final quarter, insiders bought 23,000 shares of the corporate valued at $ 303,395. Firm insiders personal 1.53% of the corporate’s shares.

Various massive buyers have just lately modified their positions within the firm. JPMorgan Chase & Co. elevated its holdings in First Commonwealth Monetary by 2.5% within the fourth quarter. JPMorgan Chase & Co. now owns 1,968,726 shares of the financial institution valued at $ 21,538,000 after buying a further 47,350 shares over the past quarter. Charles Schwab Funding Administration Inc. elevated its stake in shares of First Commonwealth Monetary by 1.6% within the fourth quarter. Charles Schwab Funding Administration Inc. now owns 1,676,743 shares of the financial institution valued at $ 18,344,000 after buying a further 26,864 shares within the final quarter. Financial institution of New York Mellon Corp elevated its stake in First Commonwealth Monetary shares by 3.9% within the fourth quarter. Financial institution of New York Mellon Corp now owns 1,457,987 shares of the financial institution valued at $ 15,950,000 after buying a further 54,133 shares within the final quarter. Norges Financial institution bought a brand new stake in First Commonwealth Monetary shares within the fourth quarter valued at roughly $ 13,120,000. Lastly, Arrowstreet Capital Restricted Partnership elevated its stake in First Commonwealth Monetary shares by 38.9% within the third quarter. Arrowstreet Capital Restricted Partnership now owns 997,535 shares of the financial institution valued at $ 7,721,000 after buying a further 279,620 shares over the past quarter. Institutional buyers and hedge funds maintain 66.95% of the corporate’s shares.

First Commonwealth Monetary Firm Profile

First Commonwealth Monetary Company, via its subsidiaries, gives banking providers to people and companies in the US. Its client providers embody private chequing accounts, interest-bearing chequing accounts, well being financial savings and financial savings accounts, insured cash market accounts, debit playing cards, funding certificates, money certificates. mounted and variable price deposit, mortgages, secured and unsecured installment loans, building and residential loans, safes, bank cards, strains of credit score with overdraft safety, IRA accounts and ATM providers (ATM), in addition to Web, cell and phone banking providers.

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