First Commonwealth Financial Co. (FCF) To Go Ex-Dividend on May 2nd

First Commonwealth Financial Co. (NYSE:FCF) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, May 3rd will be given a dividend of 0.13 per share by the bank on Friday, May 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $0.13.

First Commonwealth Financial has increased its dividend payment by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. First Commonwealth Financial has a dividend payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Commonwealth Financial to earn $1.43 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 36.4%.

First Commonwealth Financial Stock Performance

Shares of FCF stock opened at $13.39 on Tuesday. First Commonwealth Financial has a 12 month low of $11.16 and a 12 month high of $15.90. The company’s fifty day simple moving average is $13.28 and its 200-day simple moving average is $13.64. The firm has a market cap of $1.37 billion, a PE ratio of 8.31 and a beta of 0.87. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.14.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $116.60 million for the quarter, compared to analysts’ expectations of $119.80 million. First Commonwealth Financial had a net margin of 24.96% and a return on equity of 12.89%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. Equities research analysts expect that First Commonwealth Financial will post 1.4 EPS for the current fiscal year.

Analyst Ratings Changes

FCF has been the subject of a number of analyst reports. Stephens decreased their price target on First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of First Commonwealth Financial in a report on Tuesday, April 9th. Finally, StockNews.com lowered shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th.

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.