Equities analysts forecast that First Commonwealth Financial (NYSE:FCF) will post earnings of $0.19 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for First Commonwealth Financial’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.18. First Commonwealth Financial posted earnings per share of $0.28 during the same quarter last year, which indicates a negative year over year growth rate of 32.1%. The firm is expected to announce its next earnings results on Tuesday, July 28th.

On average, analysts expect that First Commonwealth Financial will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.31 to $0.82. For the next financial year, analysts anticipate that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.65 to $0.78. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow First Commonwealth Financial.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.14). First Commonwealth Financial had a return on equity of 8.46% and a net margin of 20.80%. The business had revenue of $87.00 million during the quarter, compared to analysts’ expectations of $89.07 million. During the same quarter in the prior year, the firm earned $0.25 EPS.

Several research analysts have recently weighed in on the company. DA Davidson decreased their price target on First Commonwealth Financial from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Zacks Investment Research lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 16th. B. Riley lowered First Commonwealth Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $9.00 in a report on Wednesday, March 25th. ValuEngine lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Friday, April 3rd. Finally, Piper Sandler lowered First Commonwealth Financial from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $11.00 to $10.00 in a report on Friday, May 1st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $10.40.

In related news, EVP Matthew C. Tomb purchased 4,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $6.93 per share, with a total value of $27,720.00. Following the completion of the acquisition, the executive vice president now owns 63,647 shares of the company’s stock, valued at approximately $441,073.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.53% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FCF. Norges Bank bought a new stake in First Commonwealth Financial during the fourth quarter valued at about $18,697,000. First Trust Advisors LP lifted its position in shares of First Commonwealth Financial by 328.1% in the first quarter. First Trust Advisors LP now owns 355,584 shares of the bank’s stock valued at $3,250,000 after acquiring an additional 272,528 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of First Commonwealth Financial by 25.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 970,747 shares of the bank’s stock valued at $14,085,000 after acquiring an additional 194,286 shares in the last quarter. State Street Corp lifted its position in shares of First Commonwealth Financial by 6.0% in the first quarter. State Street Corp now owns 3,420,357 shares of the bank’s stock valued at $31,262,000 after acquiring an additional 194,156 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of First Commonwealth Financial by 7.3% in the first quarter. JPMorgan Chase & Co. now owns 2,055,077 shares of the bank’s stock valued at $18,784,000 after acquiring an additional 139,320 shares in the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Shares of FCF stock traded up $0.46 during mid-day trading on Tuesday, hitting $8.01. The company’s stock had a trading volume of 598,600 shares, compared to its average volume of 535,046. First Commonwealth Financial has a 52-week low of $6.77 and a 52-week high of $14.93. The business has a 50-day moving average price of $8.10 and a 200 day moving average price of $10.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $740.92 million, a price-to-earnings ratio of 9.21 and a beta of 1.08.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, through its subsidiaries, 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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Earnings History and Estimates for First Commonwealth Financial (NYSE:FCF)

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