FY2022 EPS estimates for First Commonwealth Financial Co. boosted by analyst (NYSE: FCF)

First Commonwealth Financial Co. (NYSE: FCF) – DA Davidson investment analysts increased their estimates of earnings per share for fiscal 2022 for shares of First Commonwealth Financial in a report released Thursday, April 29. DA Davidson analyst R. Gunther now predicts the bank will post earnings of $ 1.20 per share for the year, up from their previous estimate of $ 1.15. DA Davidson currently has a “Buy” rating on the stock. First Commonwealth Financial (NYSE: FCF) last published its results on Tuesday, April 27. The bank reported EPS of $ 0.41 for the quarter, beating the consensus estimate of $ 0.29 by $ 0.12. First Commonwealth Financial posted a return on equity of 7.42% and a net margin of 18.68%. The company posted revenue of $ 96.80 million for the quarter, compared to a consensus estimate of $ 95.98 million. In the same quarter of the previous year, the company achieved earnings per share of $ 0.05. The company’s revenue for the quarter increased 11.3% year over year.

FCF has been the subject of several other reports. B. Riley raised his price target on First Commonwealth Financial from $ 12.00 to $ 13.00 and rated the stock “neutral” in a research note on Thursday January 7th. Zacks investment research In a research note on Wednesday, First Commonwealth Financial upgraded the “buy” rating to a “maintain” rating. Finally, Stephens assumed coverage of First Commonwealth Financial in a report on Tuesday, March 30. They issued an “overweight” rating and a price target of $ 16.50 for the company. Six investment analysts rated the stock with a sustaining rating and two gave the company’s stock a buy rating. The company has an average “Hold” rating and a consensus price target of $ 11.50.

Shares of FCF shares opened at $ 14.70 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93, and a debt ratio of 0.22. The stock has a market cap of $ 1.41 billion, a P / E ratio of 19.34 and a beta of 1.13. The stock has a 50-day simple moving average of $ 14.57 and a 200-day simple moving average of $ 11.97. First Commonwealth Financial has a one-year low of $ 6.77 and a one-year high of $ 15.56.

Large investors recently changed their holdings of stocks. Everence Capital Management Inc. purchased a new stake in First Commonwealth Financial during the first quarter valued at approximately $ 252,000. The Ontario Health Care Pension Plan Trust Fund increased its holdings in First Commonwealth Financial by 2,119.7% in the fourth quarter. The Ontario Health Care Pension Plan Trust Fund now holds 199,400 shares of the bank valued at $ 2,181,000 after purchasing an additional 190,417 shares in the last quarter. Rhumbline Advisers increased its stakes in First Commonwealth Financial by 9.3% in the fourth quarter. Rhumbline Advisers now owns 355,275 shares of the bank valued at $ 3,887,000 after purchasing an additional 30,257 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in First Commonwealth Financial by 2.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 58,088 shares of the bank valued at $ 635,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Allegheny Financial Group LTD purchased a new stake in First Commonwealth Financial during the fourth quarter valued at approximately $ 595,000. 66.95% of the stock is currently held by institutional investors.

Similarly, Executive Vice President Brian G. Karrip sold 8,000 shares of the company in a transaction dated Friday, February 26. The shares were sold for an average price of $ 13.69, for a total value of $ 109,520.00. In addition, Executive Vice President Matthew C. Tomb sold 12,500 shares of the company in a transaction dated Monday, February 8. The stock was sold at an average price of $ 12.61, for a total trade of $ 157,625.00. Insiders have sold a total of 23,000 shares of the company valued at $ 303,395 in the past three months. 1.53% of the stock is held by insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 21. Investors of record on Friday, May 7 will receive a dividend of $ 0.115. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $ 0.11. This represents a dividend of $ 0.46 on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, May 6. First Commonwealth Financial’s payout ratio is 40.00%.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides various banking services to individuals and businesses in the United States. Its consumer services include personal chequing accounts, interest-bearing chequing accounts, health savings and savings accounts, insured money market accounts, debit cards, investment certificates, cash certificates. fixed and variable rate deposit, mortgages, secured and unsecured installment loans, construction and home loans, safes, credit cards, lines of credit with overdraft protection, IRA accounts and ATM services (ATM), as well as Internet, mobile and telephone banking services.

Featured Story: Hedge Funds – How They Work for Investors

History and Revenue Estimates of First Commonwealth Financial (NYSE: FCF)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: Why is the cost of capital important?

7 Penny Stocks That Don’t Care About Robinhood

As you read this, Vladimir Tenev, the CEO of the Robinhood trading app, will be testifying before Congress. The company’s role in the GameStop (NYSE: GME) short squeeze will be called into question.

However, the real issue is the right of traders to buy and sell the stocks of their choice. In the case of Robinhood, some traders buy a lot of penny stocks. Although definitions vary, penny stocks are generally considered to be stocks that trade for less than $ 10 per share. These stocks are largely ignored by the investing community.

One of the reasons is that many of these stocks are cheap for a reason. For example, the company may have an outdated business model. In other cases, they operate in a very small niche market that doesn’t generate a lot of income.

And most of these stocks are ignored by the investing community. They are simply not considered important enough to spend time debating.

But some penny stocks are getting the attention of Wall Street. And they are largely ignored by the day trading community. The purpose of this special presentation is to direct you to penny stocks which have a history that “smart money” thinks will end up trading at much higher prices.

And that’s why you should watch them now.

See the “7 Penny Stocks That Don’t Care About Robinhood”.

Source link

About Alexander Carter

Check Also

Financial Empowerment: Wise Advice Highlights Mavericks’ Latest HUDDLE

The latest edition of the Mavericks’ HUDDLE was designed to help people who are just …