First Commonwealth Financial Co. (FCF) To Go Ex-Dividend on February 7th

First Commonwealth Financial Co. (NYSE:FCF) declared a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Investors of record on Friday, February 7th will be paid a dividend of 0.13 per share by the bank on Friday, February 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Friday, February 7th.

First Commonwealth Financial has increased its dividend by an average of 4.2% per year over the last three years. First Commonwealth Financial has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Commonwealth Financial to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 33.5%.

First Commonwealth Financial Stock Performance

Shares of FCF opened at $16.96 on Wednesday. First Commonwealth Financial has a 52-week low of $12.41 and a 52-week high of $19.96. The firm has a market capitalization of $1.73 billion, a PE ratio of 12.24 and a beta of 0.87. The firm has a 50-day moving average price of $17.23 and a 200 day moving average price of $17.17. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. On average, sell-side analysts anticipate that First Commonwealth Financial will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FCF shares. Keefe, Bruyette & Woods boosted their target price on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson reissued a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Piper Sandler reduced 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 research report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Finally, StockNews.com lowered shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.58.

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.