First Commonwealth Financial (NYSE:FCF – Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01, Zacks reports. First Commonwealth Financial had a return on equity of 12.29% and a net margin of 23.39%. The firm had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.34 million. During the same period in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year.
First Commonwealth Financial Trading Up 6.7 %
FCF traded up $1.16 during midday trading on Thursday, reaching $18.46. 104,319 shares of the company were exchanged, compared to its average volume of 494,287. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. First Commonwealth Financial has a one year low of $11.16 and a one year high of $18.50. The stock has a market capitalization of $1.89 billion, a P/E ratio of 10.75 and a beta of 0.85. The stock’s 50-day simple moving average is $14.03 and its 200 day simple moving average is $13.76.
First Commonwealth Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, August 2nd. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 32.30%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on First Commonwealth Financial
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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