First Commonwealth Financial Corporation (FCF) To Go Ex-Dividend on August 7th

First Commonwealth Financial Corporation (NYSE:FCF) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of 0.14 per share by the bank on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 7th.

First Commonwealth Financial has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 9 consecutive years. First Commonwealth Financial has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Commonwealth Financial to earn $1.96 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 28.6%.

First Commonwealth Financial Price Performance

NYSE FCF opened at $21.81 on Thursday. The company has a 50-day moving average price of $19.95 and a 200-day moving average price of $18.67. First Commonwealth Financial has a 52 week low of $15.00 and a 52 week high of $22.34. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.22 billion, a P/E ratio of 13.38 and a beta of 0.74.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $139.42 million for the quarter, compared to the consensus estimate of $137.48 million. First Commonwealth Financial had a net margin of 22.62% and a return on equity of 10.82%. Equities research analysts anticipate that First Commonwealth Financial will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of First Commonwealth Financial in a research note on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.33.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, headquartered in Indiana, Pennsylvania, is a bank holding company whose primary subsidiary is First Commonwealth Bank. Established in 1889 as Indiana National Bank, the company has grown through a combination of organic expansion and strategic acquisitions to build a diversified platform of commercial banking, retail banking and wealth management services.

First Commonwealth offers a comprehensive suite of financial products, including deposit accounts, personal and business lending solutions, mortgage origination and servicing, treasury management, and trust and investment services.