What is DA Davidson’s Estimate for FCF FY2025 Earnings?

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

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

First Commonwealth Financial Stock Up 0.7 %

Shares of FCF opened at $17.22 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. First Commonwealth Financial has a 52-week low of $12.41 and a 52-week high of $19.96. The company has a market cap of $1.75 billion, a PE ratio of 11.64 and a beta of 0.86. The business has a fifty day moving average of $17.98 and a 200 day moving average of $16.63.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $0.31 earnings per share 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 analysts’ expectations of $119.47 million. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis.

First Commonwealth Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 3.02%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 35.14%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake 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 acquiring an additional 900 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in First Commonwealth Financial by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 1,209,436 shares of the bank’s stock valued at $16,702,000 after acquiring an additional 33,759 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in First Commonwealth Financial by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,656 shares of the bank’s stock worth $451,000 after acquiring an additional 4,262 shares during the period. Innealta Capital LLC acquired a new stake in First Commonwealth Financial during the second quarter worth $51,000. Finally, Hantz Financial Services Inc. purchased a new stake in First Commonwealth Financial in the second quarter valued at $693,000. 72.58% of the stock is owned by institutional investors and hedge funds.

About First Commonwealth Financial

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.