First Commonwealth Financial Stock To Go Ex-dividend Tomorrow (FCF)

NEW YORK ( TheStreet) -- The ex-dividend date for First Commonwealth Financial (NYSE: FCF) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $6.44 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for First Commonwealth Financial has been 594,600 shares per day over the past 30 days. First Commonwealth Financial has a market cap of $691 million and is part of the financial sector and banking industry. Shares are up 22.2% year to date as of the close of trading on Monday.

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 31.3, below the average banking industry P/E ratio of 43.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First Commonwealth Financial as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full First Commonwealth Financial Ratings Report.

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