First Commonwealth Financial (NYSE:FCF) Issues Earnings Results, Beats Estimates By $0.01 EPS

First Commonwealth Financial (NYSE:FCF - Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01, Briefing.com reports. First Commonwealth Financial had a return on equity of 13.78% and a net margin of 25.07%. The business had revenue of $116.60 million during the quarter, compared to analysts' expectations of $119.80 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company's revenue was down .9% on a year-over-year basis.

First Commonwealth Financial Stock Up 1.1 %

NYSE:FCF traded up $0.15 during midday trading on Wednesday, reaching $13.73. The company had a trading volume of 478,826 shares, compared to its average volume of 516,417. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 8.92 and a beta of 0.87. The stock's fifty day simple moving average is $13.28 and its 200-day simple moving average is $13.61. First Commonwealth Financial has a 12-month low of $11.16 and a 12-month high of $15.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.14.

First Commonwealth Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from First Commonwealth Financial's previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 3.79%. First Commonwealth Financial's dividend payout ratio (DPR) is 32.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FCF shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of First Commonwealth Financial in a research note on Tuesday, April 9th. StockNews.com raised First Commonwealth Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, February 7th. Finally, Stephens dropped their price objective on First Commonwealth Financial from $16.50 to $15.50 and set an "overweight" rating for the company in a research note on Tuesday, February 6th.

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.