First Commonwealth Financial Co. (NYSE:FCF – Get Free Report) declared a quarterly dividend on Tuesday, July 23rd, NASDAQ reports. Stockholders of record on Friday, August 2nd will be given a dividend of 0.13 per share by the bank on Friday, August 16th. This represents a $0.52 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, August 2nd.
First Commonwealth Financial has raised its dividend payment by an average of 4.0% annually over the last three years. First Commonwealth Financial has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Commonwealth Financial to earn $1.42 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 36.6%.
First Commonwealth Financial Price Performance
FCF traded up $0.51 on Wednesday, hitting $17.30. 1,264,759 shares of the company’s stock traded hands, compared to its average volume of 497,053. The company’s 50 day simple moving average is $13.97 and its 200-day simple moving average is $13.73. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 10.43 and a beta of 0.85. First Commonwealth Financial has a one year low of $11.16 and a one year high of $17.70. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.14.
Analysts Set New Price Targets
Several brokerages recently issued reports on FCF. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 25th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of First Commonwealth Financial in a report on Tuesday, April 9th.
Check Out Our Latest Stock Report on First Commonwealth Financial
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.
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