First Commonwealth Financial: Downgrading To Hold And Reducing The Earnings Estimate [Seeking Alpha]
First Commonwealth Financial Corporation (FCF)
Last first commonwealth financial corporation earnings: 4/28 07:00 am
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US:NYSE Investor Relations:
fcbanking.com/why-us
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Source: Seeking Alpha
Follow Play 11min Summary Interest rate cuts will boost residential mortgage loans, which will, in turn, lift total loan growth. The net interest margin will likely shrink due to interest rate cuts, promotional rates on time deposits, and the ending of purchase accounting accretion. I've reduced the earnings estimate for 2024 to $1.48 as I've reduced my loan growth estimate following the first half's disappointing performance. The December 2024 target price is close to the current stock price. Further, FCF is offering a dividend yield of 3.0%. Althom Earnings of First Commonwealth Financial ( NYSE: FCF ) will likely drop this year, partly because of margin pressure. The earnings will likely recover next year as subdued loan growth will counter the pressure on the margin. Overall, I'm expecting the earnings to drop by 4% to $1.48 per share in 2024 and rise by 2% to $1.50 per share in 2025. Compared to my last report on the company, I've reduced my earnings estimate f
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FCF
News
- First Commonwealth Financial (NYSE:FCF) Has Announced A Dividend Of $0.13 [Yahoo! Finance]Yahoo! Finance
- First Commonwealth Financial Corporation Just Missed EPS By 13%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- First Commonwealth Financial Co. (NYSE: FCF) had its price target lowered by analysts at Piper Sandler from $17.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- First Commonwealth Announces Third Quarter 2024 Earnings; Declares Quarterly DividendGlobeNewswire
- First Commonwealth to Host Third Quarter 2024 Earnings Conference Call on Wednesday, October 30, 2024GlobeNewswire
FCF
Earnings
- 10/29/24 - Miss
FCF
Sec Filings
- 11/13/24 - Form 13F-HR
- 11/12/24 - Form 10-Q
- 10/29/24 - Form 8-K
- FCF's page on the SEC website