First Commonwealth Financial (NYSE:FCF) Issues Earnings Results

First Commonwealth Financial (NYSE:FCF - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32, Zacks reports. First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. The company had revenue of $118.51 million for the quarter, compared to analyst estimates of $117.70 million. During the same quarter last year, the business earned $0.37 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis.

First Commonwealth Financial Price Performance

Shares of FCF stock traded up $0.38 during trading hours on Friday, reaching $15.89. The company had a trading volume of 725,159 shares, compared to its average volume of 618,587. First Commonwealth Financial has a 12-month low of $12.71 and a 12-month high of $19.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 11.43 and a beta of 0.72. The stock has a fifty day moving average of $15.27 and a 200-day moving average of $16.61.

First Commonwealth Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.40%. This is a positive change from First Commonwealth Financial's previous quarterly dividend of $0.13. The ex-dividend date is Friday, May 9th. First Commonwealth Financial's dividend payout ratio (DPR) is 40.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Stephens reaffirmed an "overweight" rating and issued a $21.50 price target on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their price target on shares of First Commonwealth Financial from $19.00 to $18.00 and set a "market perform" rating on the stock in a research note on Friday. DA Davidson restated a "buy" rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Royal Bank of Canada cut their target price on shares of First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, StockNews.com lowered shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, First Commonwealth Financial has an average rating of "Hold" and an average target price of $18.92.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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.