FY2025 Earnings Forecast for FCF Issued By DA Davidson

First Commonwealth Financial Co. (NYSE:FCF) – Research analysts at DA Davidson increased their FY2025 earnings per share estimates for First Commonwealth Financial in a research report issued on Tuesday, December 24th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $1.42 per share for the year, up from their previous estimate of $1.40. The consensus estimate for First Commonwealth Financial’s current full-year earnings is $1.40 per share.

First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, October 29th. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The firm had revenue of $121.21 million for the quarter, compared to the consensus estimate of $119.47 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. Piper Sandler lowered 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 report on Thursday, October 31st. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, Keefe, Bruyette & Woods lifted their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, First Commonwealth Financial has a consensus rating of “Hold” and an average price target of $17.70.

First Commonwealth Financial Price Performance

FCF stock opened at $17.00 on Friday. The company has a fifty day simple moving average of $17.97 and a two-hundred day simple moving average of $16.69. First Commonwealth Financial has a 52 week low of $12.41 and a 52 week high of $19.96. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.73 billion, a P/E ratio of 11.49 and a beta of 0.86.

Institutional Investors Weigh In On First Commonwealth Financial

Several hedge funds and other institutional investors have recently modified their holdings of FCF. Farther Finance Advisors LLC grew its position in First Commonwealth Financial by 2,572.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,595 shares during the last quarter. Quest Partners LLC bought a new position in shares of First Commonwealth Financial in the second quarter worth about $34,000. Wilmington Savings Fund Society FSB bought a new position in shares of First Commonwealth Financial in the third quarter worth about $46,000. Innealta Capital LLC purchased a new position in First Commonwealth Financial in the 2nd quarter worth about $51,000. Finally, CWM LLC lifted its holdings in First Commonwealth Financial by 92.0% during the 3rd quarter. CWM LLC now owns 3,830 shares of the bank’s stock valued at $66,000 after buying an additional 1,835 shares in the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.06%. First Commonwealth Financial’s dividend payout ratio is 35.14%.

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.