First Commonwealth Financial Co. (NYSE:FCF – Get Rating) – Investment analysts at DA Davidson issued their Q3 2022 earnings per share estimates for shares of First Commonwealth Financial in a research note issued on Tuesday, August 2nd. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.39 for the quarter. DA Davidson has a “Buy” rating on the stock. The consensus estimate for First Commonwealth Financial’s current full-year earnings is $1.41 per share. DA Davidson also issued estimates for First Commonwealth Financial’s FY2022 earnings at $1.43 EPS and FY2023 earnings at $1.62 EPS.
A number of other research analysts have also weighed in on FCF. B. Riley raised their price objective on First Commonwealth Financial from $16.00 to $17.00 in a research report on Monday. Stephens lowered First Commonwealth Financial from an “overweight” rating to an “equal weight” rating and set a $15.50 price objective for the company. in a research report on Wednesday. Finally, Raymond James reiterated a “maintains” rating on shares of First Commonwealth Financial in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.17.
First Commonwealth Financial Stock Down 1.1 %
First Commonwealth Financial (NYSE:FCF – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The bank reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. First Commonwealth Financial had a return on equity of 11.74% and a net margin of 32.04%. During the same period in the previous year, the company posted $0.31 earnings per share.
First Commonwealth Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.28%. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 35.56%.
Hedge Funds Weigh In On First Commonwealth Financial
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in First Commonwealth Financial during the fourth quarter valued at about $27,000. Aaron Wealth Advisors LLC bought a new stake in First Commonwealth Financial during the first quarter valued at about $263,000. Moisand Fitzgerald Tamayo LLC bought a new stake in First Commonwealth Financial during the second quarter valued at about $63,000. Psagot Value Holdings Ltd. Israel bought a new stake in First Commonwealth Financial during the first quarter valued at about $76,000. Finally, UMB Bank N A MO bought a new stake in First Commonwealth Financial during the fourth quarter valued at about $89,000. 68.56% of the stock is currently owned by hedge funds and other institutional investors.
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.
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