NEW YORK ( TheStreet) -- The ex-dividend date for First Commonwealth Financial (NYSE: FCF) is tomorrow, April 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $6.21 as of 9:31 a.m. ET, the dividend yield is 2%.

The average volume for First Commonwealth Financial has been 560,700 shares per day over the past 30 days. First Commonwealth Financial has a market cap of $632.2 million and is part of the financial sector and banking industry. Shares are down 12.1% year to date as of the close of trading on Tuesday.

First Commonwealth Financial Corporation operates as the holding company for First Commonwealth Bank that provides consumer and commercial banking services to individuals and small and mid-sized businesses in central and western Pennsylvania. The company has a P/E ratio of 12.8, below the average banking industry P/E ratio of 24.1 and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates First Commonwealth Financial as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full First Commonwealth Financial Ratings Report.

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