First Commonwealth Financial Corporation (NYSE:FCF – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Friday, November 6th will be paid a dividend of $0.14 per share by the bank on Friday, November 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 6th.
First Commonwealth Financial has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Commonwealth Financial to earn $2.01 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 27.9%.
First Commonwealth Financial Stock Down 1.7%
Shares of NYSE:FCF opened at $21.14 on Wednesday. The company has a market capitalization of $2.14 billion, a PE ratio of 12.51 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.92 and a quick ratio of 0.91. The business has a fifty day moving average price of $20.75 and a two-hundred day moving average price of $19.47. First Commonwealth Financial has a 1 year low of $15.30 and a 1 year high of $22.34.
First Commonwealth Financial (NYSE:FCF – Get Free Report) last released its earnings results on Tuesday, October 27th. The bank reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $143.34 million for the quarter, compared to the consensus estimate of $141.36 million. First Commonwealth Financial had a return on equity of 11.17% and a net margin of 23.06%. Analysts forecast that First Commonwealth Financial will post 1.74 earnings per share for the current year.
About First Commonwealth Financial
First Commonwealth Financial Corporation (NYSE: FCF) is a bank holding company headquartered in Indiana, Pennsylvania. Through its principal subsidiary, First Commonwealth Bank, the company provides financial services to consumers, businesses, municipalities and nonprofit organizations.
Its offerings include checking and savings accounts, certificates of deposit, residential and consumer lending, commercial loans, mortgages, treasury management and online and mobile banking. The company also provides wealth management, investment and trust services, along with insurance and other financial solutions through affiliated businesses.
First Commonwealth Bank serves communities primarily in western and central Pennsylvania and northeastern Ohio through a network of community banking offices and digital channels.
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