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.
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