According to Zacks, First Commonwealth Financial Co. (NYSE: FCF) disclosed information about a quarterly dividend payment on Tuesday, October 25, when it announced the payment. Shareholders whose accounts were in good standing as of November 4 will be eligible to receive dividend payments of $0.12 per share, which will be paid on November 18. When the results are annualized, the dividend payment amounts to $0.48 per year, giving a dividend yield of 3.50%. Also, this particular dividend has a date considered “ex-dividend”, which is November 3rd.
The dividend that First Commonwealth Financial distributes has increased every year for the past six years, with an average annualized growth rate of 9.1% over the past three years. The fact that First Commonwealth Financial maintains a dividend payout ratio of 31.2% demonstrates that the dividend is sufficiently supported by company earnings and well supported by company earnings. First Commonwealth Financial is expected to generate earnings of $1.62 per share. Additionally, the company has a payout ratio of 29.6%, which means it should be able to continue paying its current dividend of $0.48 per share each year.
The first day of trading for FCF was on Thursday, with the stock opening at $13.70. The company has a beta of 0.98 and a price-earnings ratio of 10.15, contributing to the total market value of $1.28 billion. Over the past 52 weeks, the price of a share of First Commonwealth Financial has fluctuated between a low of $12.76 and a high of $17.63. Although the current ratio, quick ratio and debt ratio are all equal to 0.90, the debt ratio is significantly lower at 0.17. The company’s moving average stock price over the last fifty days is currently $13.70; over the past 200 days it has traded at $13.85.
First Commonwealth Financial (NYSE: FCF) released the results of its latest quarterly financial report on Tuesday, July 26. The bank’s earnings per share for the quarter came in at $0.33, matching most people’s prediction of $0.33. First Commonwealth Financial, which had a net margin of 32.04%, achieved a return on equity of 11.74% despite its high level. Compared to the $98.20 million forecast by industry analysts for the company’s sales for the quarter, the company’s actual sales revenue for the quarter was $98.17 million. The company’s earnings per share were $0.31 for the same period in the prior year’s financial statements. Sell-side analysts expect First Commonwealth Financial to generate earnings of 1.4 cents per share in the current fiscal year.
Major investors have recently revised the percentage of business corresponding to the stake they hold in the company. Captrust Financial Advisors increased the number of shares held by First Commonwealth Financial by 59.3% in the first three months of the year. Captrust Financial Advisors now owns 8,689 shares of the bank, which have a total value of $132,000 after purchasing 3,233 additional shares during the quarter. During the second quarter, Verition Fund Management LLC invested an additional approximately $135,000 in First Commonwealth Financial to increase its stake in that company. NewEdge Advisors LLC increased its stake in First Commonwealth Financial during the second quarter by investing approximately $144,000. This was part of the company’s efforts to diversify its holdings. During the second quarter, Quantbot Technologies LP achieved a 1,833.5% increase in the proportion of First Commonwealth Financial shares it held. As a result, Quantbot Technologies LP now owns 11,901 shares of the bank, which have a combined value of $159,000 due to the company purchasing an additional 11,301 shares during the relevant period. Finally, Dynamic Technology Lab Private Ltd. bought a new investment in First Commonwealth Financial for about $235,000 in cash in the first three months of this year. At 70.36%, the shares of the company are held by institutional investors and hedge funds.
Recent research by analysts has focused on FCF in various contexts. First, Commonwealth Financial was the subject of an in-depth research report made available on StockNews.com for the first time on Wednesday, October 12. They recommended that shareholders “keep” their shares in the company. In a research note published Wednesday, October 5, Piper Sandler said they are lowering their price target on First Commonwealth Financial to $15.00. In a research report released Tuesday, September 6, Raymond James lowered his price target for First Commonwealth Financial from $17.00 to $16.00 in a research report. The report focused on the company’s stock and was released on Tuesday. After analyzing its results, Raymond James gave the study an “outperforming” rating. The research report that Janney Montgomery Scott released on First Commonwealth Financial on September 29 marked the start of the company’s coverage of First Commonwealth Financial stocks. They suggested making a “buy” investment in the business and determined that a price range of $16.00 was appropriate for this. B. Riley raised his target price on First Commonwealth Financial from $16.00 to $17.00 in a research report released Monday, August 1. The final and most important adjustment has been made here. There are a total of five research analysts who gave the company a buy rating, while there are only three who gave a hold rating. According to data provided by Bloomberg, the company currently has a “Moderate Buy” rating and a price target of $16.42 has been set for each stock.
The financial holding company, First Commonwealth Financial Corporation, in the United States, provides a wide range of retail and commercial banking services. These services can be used for a variety of banking needs. Customer services include safes, credit cards, lines of credit that cover overdrafts on checking accounts, Individual Retirement Accounts (IRA), interest-paying checking accounts, savings accounts and health savings, insured money market accounts, debit cards, investment certificates, fixed accounts and floating rate certificates of deposit, mortgages, secured and unsecured installment loans, construction and real estate loans and ATMs. IRAs are individual retirement accounts. Verification of accounts that earn interest. Savings and health savings accounts. Verification of accounts that earn interest. Savings and health savings accounts.