What is DA Davidson’s Forecast for FCF FY2025 Earnings?

First Commonwealth Financial Co. (NYSE:FCF) – Equities research analysts at DA Davidson lifted their FY2025 earnings per share estimates for First Commonwealth Financial in a research report issued on Tuesday, December 24th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $1.42 for the year, up from their prior estimate of $1.40. The consensus estimate for First Commonwealth Financial’s current full-year earnings is $1.40 per share.

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

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods upped their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Sandler dropped their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.70.

First Commonwealth Financial Stock Performance

NYSE:FCF opened at $17.00 on Friday. The business’s fifty day moving average is $17.97 and its 200 day moving average is $16.66. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 11.49 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.92. First Commonwealth Financial has a 52-week low of $12.41 and a 52-week high of $19.96.

Hedge Funds Weigh In On First Commonwealth Financial

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its stake in shares of First Commonwealth Financial by 4.2% in the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock worth $268,000 after buying an additional 633 shares in the last quarter. Natixis Advisors LLC raised its holdings in First Commonwealth Financial by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock worth $272,000 after acquiring an additional 883 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in First Commonwealth Financial by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the bank’s stock valued at $708,000 after acquiring an additional 900 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in First Commonwealth Financial by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock valued at $332,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of First Commonwealth Financial by 2,572.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock worth $28,000 after purchasing an additional 1,595 shares in the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, November 8th. First Commonwealth Financial’s dividend payout ratio (DPR) 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.