Analysts Anticipate First Commonwealth Financial (FCF) Will Post Quarterly Sales of $85.28 Million

Wall Street analysts expect that First Commonwealth Financial (NYSE:FCF) will report $85.28 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for First Commonwealth Financial’s earnings, with estimates ranging from $84.45 million to $87.22 million. First Commonwealth Financial reported sales of $81.73 million during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The company is scheduled to report its next earnings results on Tuesday, April 23rd.

On average, analysts expect that First Commonwealth Financial will report full-year sales of $351.33 million for the current year, with estimates ranging from $347.32 million to $358.54 million. For the next financial year, analysts expect that the business will report sales of $366.50 million, with estimates ranging from $361.30 million to $377.24 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for First Commonwealth Financial.

First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Tuesday, January 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The firm had revenue of $85.58 million during the quarter, compared to analyst estimates of $84.90 million. First Commonwealth Financial had a net margin of 28.22% and a return on equity of 11.43%. During the same quarter in the prior year, the firm posted $0.21 EPS.

A number of equities analysts recently issued reports on FCF shares. ValuEngine upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Raymond James reiterated a “hold” rating on shares of First Commonwealth Financial in a research report on Tuesday, December 11th. Finally, Zacks Investment Research upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.20.

A number of hedge funds and other institutional investors have recently modified their holdings of FCF. Norges Bank acquired a new stake in First Commonwealth Financial in the 4th quarter valued at about $15,566,000. WINTON GROUP Ltd lifted its holdings in First Commonwealth Financial by 2,360.4% in the 4th quarter. WINTON GROUP Ltd now owns 767,973 shares of the bank’s stock valued at $9,277,000 after acquiring an additional 736,760 shares during the last quarter. BlackRock Inc. lifted its holdings in First Commonwealth Financial by 4.0% in the 3rd quarter. BlackRock Inc. now owns 14,632,667 shares of the bank’s stock valued at $236,172,000 after acquiring an additional 569,462 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in First Commonwealth Financial in the 4th quarter valued at about $38,000. Finally, Renaissance Technologies LLC lifted its holdings in First Commonwealth Financial by 19.4% in the 3rd quarter. Renaissance Technologies LLC now owns 1,570,600 shares of the bank’s stock valued at $25,349,000 after acquiring an additional 255,200 shares during the last quarter. 68.21% of the stock is owned by institutional investors.

FCF traded down $0.10 on Tuesday, reaching $12.60. The company had a trading volume of 529,340 shares, compared to its average volume of 464,977. The firm has a market capitalization of $1.24 billion, a PE ratio of 11.45, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. First Commonwealth Financial has a one year low of $11.33 and a one year high of $17.91.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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.

Recommended Story: Book Value Per Share in Stock Trading

Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for First Commonwealth Financial (NYSE:FCF)

Receive News & Ratings for First Commonwealth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Commonwealth Financial and related companies with MarketBeat.com's FREE daily email newsletter.