First Commonwealth Financial (NYSE:FCF) Posts Earnings Results

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

First Commonwealth Financial Trading Up 1.5 %

FCF stock traded up $0.23 during trading on Thursday, reaching $15.55. 713,916 shares of the stock were exchanged, compared to its average volume of 616,143. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $15.28 and a 200-day moving average price of $16.63. First Commonwealth Financial has a 1 year low of $12.71 and a 1 year high of $19.96. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.18 and a beta of 0.72.

First Commonwealth Financial Increases Dividend

The company 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 dividend of $0.135 per share. The ex-dividend date is Friday, May 9th. This is an increase from First Commonwealth Financial's previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a yield of 3.47%. First Commonwealth Financial's payout ratio is 40.30%.

Analysts Set New Price Targets

FCF has been the topic of several analyst reports. Royal Bank of Canada cut their target price on First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Thursday. Stephens reaffirmed an "overweight" rating and set a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. StockNews.com downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. Finally, DA Davidson reissued a "buy" rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.25.

About First Commonwealth Financial

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.