First Commonwealth Financial Corporation (NYSE:FCF) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FCF to report 3Q20 income of $ 0.23 per share.
For the full year, analysts anticipate top line of $ 366.42 million, while looking forward to income of $ 0.75 per share bottom line.
Previous Quarter Performance
First Commonwealth Financial Corporation communicated income for the second quarter of $ 0.24 per share, from the revenue of $ 88.86 million. The quarterly earnings shrunk 14.29 percent while revenues decreased 0.69 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.09 per share from $ 88.13 million in revenue. The bottom line results beat street analysts by $ 0.15 or 166.67 percent, at the same time, top line results outshined analysts by $ 0.73 million or 0.83 percent.
Stock Performance
Shares of First Commonwealth Financial Corporation traded up $ 0.05 or 0.55 percent on Friday, reaching $ 9.13 with volume of 359.20 thousand shares. First Commonwealth Financial Corporation has traded high as $ 9.29 and has cracked $ 9.02 on the downward trend
According to the previous trading day, closing price of $ 9.13, representing a 34.12 % increase from the 52 week low of $ 6.77 and a 39.18 % decrease over the 52 week high of $ 14.93.
The company has a market capital of $ 895.95 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 9.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.11 per share on July 28, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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. The companys commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services.
