Brokerages expect First Commonwealth Financial Co. (NYSE: FCF) to report revenue of $ 94.48 million for the current quarter, according to Zacks. Three analysts made estimates for First Commonwealth Financial earnings, with the lowest sales estimate at $ 92.84 million and the highest estimate at $ 95.95 million. First Commonwealth Financial reported revenue of $ 88.50 million in the same quarter last year, suggesting a positive 6.8% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Tuesday, July 27.
On average, analysts expect First Commonwealth Financial to report annual revenue of $ 378.61 million for the current fiscal year, with estimates ranging from $ 371.68 million to $ 382.25 million. millions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 376.31 million, with estimates ranging from $ 372.99 million to $ 379.67 million. Zacks Investment Research sales averages are an average based on a survey of sales analysts who track First Commonwealth Financial.
First Commonwealth Financial (NYSE: FCF) last reported its results on Tuesday, April 27. The bank reported earnings per share (EPS) of $ 0.41 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.29 of $ 0.12. First Commonwealth Financial posted a return on equity of 10.56% and a net margin of 27.23%. The company posted revenue of $ 96.80 million for the quarter, compared to analysts’ estimates of $ 95.98 million. In the same quarter of the previous year, the company achieved EPS of $ 0.05. First Commonwealth Financial revenues increased 11.3% year-on-year.
Several equity research analysts weighed in on FCF shares. Stephens began covering First Commonwealth Financial in a report on Tuesday, March 30. They set an “overweight” rating and a price target of $ 16.50 on the stock. Zacks investment research upgraded First Commonwealth Financial from a “hold” rating to a “strong buy” rating and set a price target of $ 17.00 on the stock in a report released on Friday, April 30. Five investment analysts assigned a conservation rating to the stock, two issued a buy rating and one assigned a high buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $ 12.42.
Actions of NYSE FCF open for $ 13.95 on Mondays. The company’s 50-day moving average is $ 14.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt ratio of 0.21. First Commonwealth Financial has a one-year minimum of $ 7.14 and a one-year maximum of $ 15.69. The stock has a market cap of $ 1.34 billion, a P / E ratio of 12.46 and a beta of 1.14.
The company also recently announced a quarterly dividend, which was paid on Friday, May 21. Investors registered on Friday, May 7 received a dividend of $ 0.115. The ex-dividend date of this dividend was Thursday, May 6. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $ 0.11. This represents a dividend of $ 0.46 on an annualized basis and a dividend yield of 3.30%. First Commonwealth Financial’s dividend payout ratio is 56.79%.
In related news, Executive Vice President Norman J. Montgomery sold 20,000 shares of the company in a transaction dated Tuesday, June 8. The stock was sold for an average price of $ 15.22, for a total value of $ 304,400.00. After the sale is finalized, the Executive Vice President now directly owns 56,137 shares of the company, valued at approximately $ 854,405.14. The sale was disclosed in a legal file with the SEC, which can be accessed through the SEC website. 1.68% of the shares are held by company insiders.
A number of institutional investors have recently bought and sold shares in the company. Hancock Whitney Corp increased its position in First Commonwealth Financial by 2.1% during the 1st quarter. Hancock Whitney Corp now owns 35,273 shares of the bank valued at $ 507,000 after acquiring an additional 726 shares during the period. The Oregon Public Employees Retirement Fund increased its position in First Commonwealth Financial by 2.0% during the 1st quarter. The Oregon Public Employees Retirement Fund now owns 40,089 shares of the bank valued at $ 576,000 after acquiring an additional 800 shares during the period. Mutual of America Capital Management LLC increased its position in First Commonwealth Financial by 7.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 12,843 shares of the bank valued at $ 185,000 after acquiring 837 additional shares during the period. AQR Capital Management LLC strengthened its position in First Commonwealth Financial by 2.7% in the 1st quarter. AQR Capital Management LLC now owns 41,967 shares of the bank valued at $ 603,000 after acquiring an additional 1,089 shares during the period. Finally, Federated Hermes Inc. increased its stake in First Commonwealth Financial shares by 0.9% in the 4th quarter. Federated Hermes Inc. now owns 147,750 shares of the bank valued at $ 1,616,000 after purchasing an additional 1,265 shares during the period. 66.41% of the capital is held by institutional investors.
Profile of the leading Commonwealth finance company
First Commonwealth Financial Corporation, a financial holding company, provides a variety of personal and business banking services to individuals and small and medium-sized businesses in the United States. Its consumer services include personal chequing accounts, interest-bearing chequing accounts, health savings and savings accounts, insured money market accounts, debit cards, investment certificates, interest rate certificates of deposit. fixed and variable, mortgages, secured and unsecured installment loans, construction and real estate loans, safes, credit cards, lines of credit with overdraft protection, IRA accounts, and automated teller machines (ABMs) ), as well as Internet, mobile and telephone banking services.
Featured article: What is a balanced fund?
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What is the Shanghai Stock Exchange Composite Index?
7 stocks to buy that will benefit from inflation
There are two tales that merge when it comes to inflation. The first is whether or not inflation is occurring. And the second is whether inflation is going to get out of hand.
To the first point, the clear answer is absolutely. There are price increases in everything from commodities to semiconductor chips. And even if wood prices have come down, it’s a safe bet that many consumers will put off their decking projects until another day.
And, of course, inflation numbers tend to exclude gasoline and groceries – but these are precisely the areas where consumers feel inflation the most. Inflation is real.
But is it just “transient” as many analysts and the Fed itself claim? Or is this just the start of something much worse? The answer to these questions is probably above our pay level.
As an investor, the inflation story only changes when you allocate your investment dollars. And for the most part, you’re probably only looking at a small percentage of your portfolio.
However, the first rule of investing is not to lose money, so it is important to identify companies that can provide inflation hedges – transient or not.
This is the subject of this special presentation. Today, many strong companies are profiting from rising inflation.
Check out the “7 stocks to buy that will benefit from inflation”.