Brokers Offer Predictions for FCF Q4 Earnings

First Commonwealth Financial Co. (NYSE:FCF) – DA Davidson issued their Q4 2024 earnings per share estimates for First Commonwealth Financial in a report released on Friday, November 1st. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $0.34 for the quarter. The consensus estimate for First Commonwealth Financial’s current full-year earnings is $1.44 per share.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The company had revenue of $121.21 million during the quarter, compared to analyst estimates of $119.47 million. During the same period in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis.

Several other research firms have also recently commented on FCF. StockNews.com cut First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Piper Sandler decreased their target price on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday. Royal Bank of Canada raised their target price on First Commonwealth Financial from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods increased their price target on First Commonwealth Financial from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Janney Montgomery Scott lowered First Commonwealth Financial from a “buy” rating to a “neutral” rating and increased their price target for the stock from $16.00 to $19.00 in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.30.

First Commonwealth Financial Trading Up 0.2 %

NYSE FCF opened at $16.47 on Monday. The business has a 50 day simple moving average of $16.84 and a 200 day simple moving average of $15.36. First Commonwealth Financial has a one year low of $12.24 and a one year high of $19.01. The stock has a market capitalization of $1.69 billion, a P/E ratio of 11.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.91.

Institutional Trading of First Commonwealth Financial

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in First Commonwealth Financial by 2,572.6% during the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock worth $28,000 after acquiring an additional 1,595 shares during the period. CWM LLC lifted its holdings in First Commonwealth Financial by 451.1% during the second quarter. CWM LLC now owns 1,995 shares of the bank’s stock worth $28,000 after acquiring an additional 1,633 shares during the period. Quest Partners LLC bought a new stake in First Commonwealth Financial during the second quarter worth $34,000. Innealta Capital LLC purchased a new stake in First Commonwealth Financial in the second quarter worth $51,000. Finally, nVerses Capital LLC purchased a new stake in First Commonwealth Financial in the third quarter worth $72,000. 72.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Michael P. Mccuen bought 2,919 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were bought at an average price of $16.99 per share, for a total transaction of $49,593.81. Following the completion of the acquisition, the executive vice president now directly owns 57,623 shares of the company’s stock, valued at $979,014.77. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.97% of the company’s stock.

First Commonwealth Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.13 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.16%. First Commonwealth Financial’s dividend payout ratio is presently 35.14%.

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.