DA Davidson Has Bullish Forecast for FCF FY2025 Earnings

First Commonwealth Financial Co. (NYSE:FCF) – Analysts at DA Davidson upped their FY2025 EPS estimates for First Commonwealth Financial in a research note 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 issued its quarterly 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 return on equity of 11.19% and a net margin of 21.87%. The company had revenue of $121.21 million during the quarter, compared to analysts’ expectations of $119.47 million. During the same quarter in the previous year, the company earned $0.39 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year.

FCF has been the topic of a number of other reports. Keefe, Bruyette & Woods raised their price target on First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Piper Sandler dropped their price target on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.70.

First Commonwealth Financial Stock Performance

Shares of NYSE FCF opened at $17.00 on Friday. The stock has a market cap of $1.73 billion, a PE ratio of 11.49 and a beta of 0.86. First Commonwealth Financial has a 1 year low of $12.41 and a 1 year high of $19.96. The firm has a fifty day moving average price of $17.97 and a 200-day moving average price of $16.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92.

First Commonwealth Financial Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC increased its position in First Commonwealth Financial by 4.2% in the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock worth $268,000 after purchasing an additional 633 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of First Commonwealth Financial by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock worth $272,000 after buying an additional 883 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of First Commonwealth Financial by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the bank’s stock worth $708,000 after buying an additional 900 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of First Commonwealth Financial by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock valued at $332,000 after buying an additional 1,112 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of 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. 72.58% of the stock is currently owned by institutional investors.

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.