Shares of First Commonwealth Financial (NYSE:FCF) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.86.
A number of brokerages recently weighed in on FCF. Zacks Investment Research upgraded shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 price target on shares of First Commonwealth Financial in a research report on Monday, January 29th. B. Riley reiterated a “hold” rating and issued a $16.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 25th. Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research note on Thursday, January 25th. Finally, ValuEngine cut shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its position in First Commonwealth Financial by 11.1% during the second quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock valued at $108,000 after purchasing an additional 846 shares during the last quarter. Meeder Asset Management Inc. lifted its position in First Commonwealth Financial by 130.2% during the fourth quarter. Meeder Asset Management Inc. now owns 8,882 shares of the bank’s stock valued at $127,000 after purchasing an additional 5,023 shares during the last quarter. Algert Global LLC bought a new position in First Commonwealth Financial during the third quarter valued at $141,000. Amalgamated Bank lifted its position in First Commonwealth Financial by 9.7% during the second quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock valued at $167,000 after purchasing an additional 1,160 shares during the last quarter. Finally, NEXT Financial Group Inc bought a new position in First Commonwealth Financial during the third quarter valued at $181,000. 65.42% of the stock is owned by hedge funds and other institutional investors.
Shares of First Commonwealth Financial (NYSE:FCF) traded up $0.19 on Tuesday, reaching $14.48. 200,495 shares of the company’s stock were exchanged, compared to its average volume of 538,725. The stock has a market capitalization of $1,382.91, a PE ratio of 25.02 and a beta of 0.94. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. First Commonwealth Financial has a twelve month low of $12.05 and a twelve month high of $15.67.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. The business had revenue of $80.98 million for the quarter, compared to analysts’ expectations of $80.90 million. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. sell-side analysts forecast that First Commonwealth Financial will post 1.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.21%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 55.17%.
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First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.
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