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On Thursday, First Commonwealth Financial (NYSE:), Pinnacle Financial Partners (NASDAQ:), and Pacific Premier Bancorp Inc. (NASDAQ:) are slated to trade ex-dividend. The declaration of dividends by these firms is anticipated to result in a reduction in their share prices. Specifically, FCF’s dividend of $0.125 is forecasted to cause a decrease of 1.03%, while PNFP’s $0.22 dividend could lead to a 0.35% drop, and PPBI’s $0.33 dividend might induce a 1.72% decline.
In the event these dividends persist, the projected annual yields stand at 4.11% for FCF, 1.42% for PNFP, and a substantial 6.89% for PPBI. These projections can provide investors with an indication of potential returns on their investment in these stocks.
In the trading session on Tuesday, there were mixed movements in these stocks’ prices. FCF shares saw a minor decrease of about 0.1%, while both PNFP and PPBI shares experienced an uptick, rising approximately 1.4% and 1% respectively.
Investors are advised to keep track of S.A.F.E dividend stocks and Auto Parts Dividend Stocks, which can offer insights into future dividends based on company profitability and past dividend history. Additional resources like EXPO Videos and ETFs Holding UNFI are also useful tools for investment strategies and news updates.
InvestingPro Insights
As per InvestingPro’s real-time data, First Commonwealth Financial (FCF) has a promising market cap of 1240M USD and a low P/E ratio of 8.13. The company has seen a revenue growth of 16.4% over the last twelve months as of Q3 2023. This aligns with InvestingPro Tips that highlight FCF’s high earnings quality, with free cash flow exceeding net income, and its accelerating revenue growth. An additional 3 InvestingPro Tips related to FCF can be found on the InvestingPro platform.
On the other hand, Pinnacle Financial Partners (PNFP) boasts a robust market cap of 4720M USD and a P/E ratio of 7.98. The company’s revenue growth over the last twelve months as of Q3 2023 stands at 11.23%. InvestingPro Tips suggest that PNFP’s strong earnings should allow management to continue dividend payments and that the company has been consistently increasing its earnings per share. For more detailed analysis, investors can refer to the 6 additional InvestingPro Tips available for PNFP.
These insights suggest that both FCF and PNFP have strong financial fundamentals that could potentially mitigate the anticipated decrease in their share prices due to the declaration of dividends. However, investors are encouraged to consider these insights along with their own research and risk tolerance.
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