Research Analysts Issue Forecasts for FCF Q4 Earnings

First Commonwealth Financial Co. (NYSE:FCF - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of First Commonwealth Financial in a report issued on Friday, November 1st. DA Davidson analyst M. Navas anticipates that the bank will earn $0.34 per share for the quarter. The consensus estimate for First Commonwealth Financial's current full-year earnings is $1.44 per share.

FCF has been the topic of a number of other reports. Janney Montgomery Scott downgraded First Commonwealth Financial from a "buy" rating to a "neutral" rating and upped their price objective for the company from $16.00 to $19.00 in a research report on Monday, July 29th. Keefe, Bruyette & Woods increased their target price on shares of First Commonwealth Financial from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Thursday, July 25th. Piper Sandler dropped their price target on shares of First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Thursday. StockNews.com lowered shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their price objective on shares of First Commonwealth Financial from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $17.30.

First Commonwealth Financial Price Performance

Shares of FCF traded down $0.20 during mid-day trading on Monday, hitting $16.27. 421,421 shares of the stock were exchanged, compared to its average volume of 511,470. The company has a market cap of $1.67 billion, a PE ratio of 10.99 and a beta of 0.83. The firm has a 50-day moving average of $16.84 and a two-hundred day moving average of $15.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.91 and a current ratio of 0.92. First Commonwealth Financial has a 52-week low of $12.30 and a 52-week high of $19.01.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its 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). The company had revenue of $121.21 million for the quarter, compared to analysts' expectations of $119.47 million. First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The business's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share.

First Commonwealth Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a yield of 3.20%. First Commonwealth Financial's payout ratio is 35.14%.

Insider Buying and Selling at First Commonwealth Financial

In related news, EVP Michael P. Mccuen bought 2,919 shares of First Commonwealth Financial stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of $16.99 per share, with a total value of $49,593.81. Following the completion of the transaction, the executive vice president now owns 57,623 shares in the company, valued at $979,014.77. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Commonwealth Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of First Commonwealth Financial in the 3rd quarter valued at about $277,000. Easterly Investment Partners LLC increased its holdings in First Commonwealth Financial by 23.8% during the third quarter. Easterly Investment Partners LLC now owns 134,700 shares of the bank's stock valued at $2,310,000 after buying an additional 25,935 shares during the period. Principal Financial Group Inc. raised its stake in First Commonwealth Financial by 7.2% in the third quarter. Principal Financial Group Inc. now owns 538,964 shares of the bank's stock worth $9,243,000 after buying an additional 36,001 shares in the last quarter. 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 buying an additional 1,595 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position 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 acquiring an additional 1,112 shares in the last quarter. 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.