Equities Analysts Issue Forecasts for FCF FY2025 Earnings

First Commonwealth Financial Corporation (NYSE:FCF) – Stock analysts at DA Davidson raised their FY2025 earnings estimates for shares of First Commonwealth Financial in a research report issued to clients and investors on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $1.48 per share for the year, up from their prior estimate of $1.47. The consensus estimate for First Commonwealth Financial’s current full-year earnings is $1.45 per share.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $118.51 million for the quarter, compared to the consensus estimate of $117.70 million. First Commonwealth Financial had a return on equity of 9.80% and a net margin of 19.68%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS.

FCF has been the topic of several other research reports. Keefe, Bruyette & Woods lowered their price objective on shares of First Commonwealth Financial from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada decreased their price target on shares of First Commonwealth Financial from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen cut shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.92.

First Commonwealth Financial Trading Up 1.6%

Shares of NYSE:FCF opened at $17.26 on Wednesday. The stock’s 50-day simple moving average is $15.80 and its two-hundred day simple moving average is $15.93. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.88 and a beta of 0.81. First Commonwealth Financial has a 52-week low of $13.54 and a 52-week high of $19.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.92.

First Commonwealth Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.135 per share. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a yield of 3.13%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 40.30%.

Insiders Place Their Bets

In other news, Director Todd D. Brice acquired 7,000 shares of First Commonwealth Financial stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $16.09 per share, with a total value of $112,630.00. Following the completion of the purchase, the director directly owned 10,500 shares in the company, valued at approximately $168,945. This trade represents a 200.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FCF. Pictet Asset Management Holding SA raised its holdings in First Commonwealth Financial by 5.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank’s stock valued at $227,000 after acquiring an additional 705 shares during the period. Sei Investments Co. grew its position in shares of First Commonwealth Financial by 3.9% during the fourth quarter. Sei Investments Co. now owns 23,857 shares of the bank’s stock worth $404,000 after purchasing an additional 895 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in First Commonwealth Financial by 5.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,715 shares of the bank’s stock valued at $260,000 after purchasing an additional 918 shares during the period. Aigen Investment Management LP raised its stake in First Commonwealth Financial by 6.0% during the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank’s stock valued at $294,000 after purchasing an additional 983 shares during the period. Finally, Bank of Montreal Can lifted its holdings in First Commonwealth Financial by 6.2% in the 4th quarter. Bank of Montreal Can now owns 17,932 shares of the bank’s stock worth $303,000 after purchasing an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.

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.