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

First Commonwealth Financial logo with Finance background

First Commonwealth Financial Co. (NYSE:FCF - Free Report) - DA Davidson lifted their FY2025 earnings estimates for First Commonwealth Financial in a report issued on Tuesday, December 24th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $1.42 for the year, up from their prior forecast 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.31 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $121.21 million for the quarter, compared to analysts' expectations of $119.47 million. During the same period in the prior year, the company earned $0.39 EPS. The firm's quarterly revenue was down 1.1% on a year-over-year basis.

FCF has been the topic of several other research reports. Keefe, Bruyette & Woods increased their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler cut 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, October 31st. Finally, StockNews.com upgraded First Commonwealth Financial from a "sell" rating to a "hold" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.70.

Check Out Our Latest Research Report on First Commonwealth Financial

First Commonwealth Financial Stock Performance

Shares of NYSE FCF traded down $0.22 during midday trading on Friday, hitting $17.00. The company's stock had a trading volume of 465,316 shares, compared to its average volume of 517,950. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.49 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $17.97 and a 200 day moving average price of $16.66. First Commonwealth Financial has a one year low of $12.41 and a one year high of $19.96.

Hedge Funds Weigh In On First Commonwealth Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of FCF. Principal Financial Group Inc. grew its position in First Commonwealth Financial by 7.2% during the third quarter. Principal Financial Group Inc. now owns 538,964 shares of the bank's stock valued at $9,243,000 after acquiring an additional 36,001 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of First Commonwealth Financial by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock valued at $58,601,000 after purchasing an additional 456,119 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of First Commonwealth Financial during the 3rd quarter valued at $46,000. Sanctuary Advisors LLC raised its position in First Commonwealth Financial by 4.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank's stock worth $268,000 after purchasing an additional 633 shares during the period. Finally, Barclays PLC lifted its stake in First Commonwealth Financial by 121.8% in the third quarter. Barclays PLC now owns 211,797 shares of the bank's stock worth $3,631,000 after purchasing an additional 116,295 shares during the last quarter. Hedge funds and other institutional investors own 72.58% of the company's stock.

First Commonwealth Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 3.06%. First Commonwealth Financial's payout ratio is currently 35.14%.

First Commonwealth Financial Company Profile

(Get Free Report)

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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