First Commonwealth Financial Corporation (NYSE:FCF) Stock to Pay Quarterly Dividend of $0.14

First Commonwealth Financial Corporation (NYSE:FCF) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Friday, November 6th will be given a dividend of $0.14 per share by the bank on Friday, November 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, November 6th.

First Commonwealth Financial has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Commonwealth Financial to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 28.7%.

First Commonwealth Financial Price Performance

FCF stock traded down $0.35 during mid-day trading on Wednesday, hitting $20.67. 27,089 shares of the stock were exchanged, compared to its average volume of 826,740. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 12.71 and a beta of 0.76. The business has a fifty day moving average price of $20.75 and a 200 day moving average price of $19.37. First Commonwealth Financial has a 12 month low of $15.00 and a 12 month high of $22.34.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, October 27th. The bank reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $143.34 million during the quarter, compared to the consensus estimate of $141.36 million. As a group, equities analysts forecast that First Commonwealth Financial will post 1.73 EPS for the current fiscal year.

About First Commonwealth Financial

First Commonwealth Financial Corporation (NYSE: FCF) is a bank holding company headquartered in Indiana, Pennsylvania. Through its principal subsidiary, First Commonwealth Bank, the company provides financial services to consumers, businesses, municipalities and nonprofit organizations.

Its offerings include checking and savings accounts, certificates of deposit, residential and consumer lending, commercial loans, mortgages, treasury management and online and mobile banking. The company also provides wealth management, investment and trust services, along with insurance and other financial solutions through affiliated businesses.

First Commonwealth Bank serves communities primarily in western and central Pennsylvania and northeastern Ohio through a network of community banking offices and digital channels.