First Commonwealth Financial (FCF) Expected to Post Earnings of $0.28 Per Share
Analysts expect that First Commonwealth Financial (NYSE:FCF) will post $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for First Commonwealth Financial’s earnings, with estimates ranging from $0.27 to $0.28. First Commonwealth Financial reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, October 23rd.
On average, analysts expect that First Commonwealth Financial will report full year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.07. For the next financial year, analysts expect that the business will report earnings of $1.12 per share, with EPS estimates ranging from $1.08 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. First Commonwealth Financial had a return on equity of 10.81% and a net margin of 22.17%. The business had revenue of $89.98 million during the quarter, compared to analyst estimates of $82.38 million. During the same period in the prior year, the company earned $0.21 earnings per share.
Several institutional investors have recently bought and sold shares of the company. Atria Investments LLC purchased a new stake in shares of First Commonwealth Financial in the third quarter worth $358,000. Northern Trust Corp raised its position in shares of First Commonwealth Financial by 3.3% in the second quarter. Northern Trust Corp now owns 1,603,929 shares of the bank’s stock worth $24,877,000 after buying an additional 50,811 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of First Commonwealth Financial by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 1,410,700 shares of the bank’s stock worth $21,879,000 after buying an additional 22,901 shares in the last quarter. California Public Employees Retirement System raised its position in shares of First Commonwealth Financial by 17.4% in the second quarter. California Public Employees Retirement System now owns 267,545 shares of the bank’s stock worth $4,150,000 after buying an additional 39,648 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of First Commonwealth Financial by 12.6% in the second quarter. Renaissance Technologies LLC now owns 1,315,400 shares of the bank’s stock worth $20,402,000 after buying an additional 147,400 shares in the last quarter. 68.69% of the stock is owned by hedge funds and other institutional investors.
First Commonwealth Financial stock opened at $15.14 on Friday. First Commonwealth Financial has a one year low of $13.50 and a one year high of $17.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $1.62 billion, a PE ratio of 18.46 and a beta of 1.00.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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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