First Commonwealth Financial (NYSE:FCF) has received an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $17.00.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, April 30th. ValuEngine cut shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of First Commonwealth Financial in a research note on Wednesday, April 24th.
A number of large investors have recently modified their holdings of the stock. West Chester Capital Advisors Inc. boosted its stake in First Commonwealth Financial by 7.7% during the 4th quarter. West Chester Capital Advisors Inc. now owns 11,240 shares of the bank’s stock worth $136,000 after purchasing an additional 800 shares during the period. Mason Street Advisors LLC lifted its stake in shares of First Commonwealth Financial by 2.6% in the 1st quarter. Mason Street Advisors LLC now owns 31,679 shares of the bank’s stock worth $399,000 after acquiring an additional 803 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of First Commonwealth Financial by 3.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 22,492 shares of the bank’s stock worth $283,000 after acquiring an additional 830 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of First Commonwealth Financial by 2.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 48,565 shares of the bank’s stock worth $611,000 after acquiring an additional 1,035 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its stake in shares of First Commonwealth Financial by 4.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 24,836 shares of the bank’s stock worth $313,000 after acquiring an additional 1,170 shares during the period. Hedge funds and other institutional investors own 66.58% of the company’s stock.
Shares of NYSE FCF traded down $0.12 during mid-day trading on Tuesday, reaching $12.70. The company had a trading volume of 2,136 shares, compared to its average volume of 284,438. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.49 and a beta of 1.18. First Commonwealth Financial has a 52-week low of $11.33 and a 52-week high of $17.91.
First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The company had revenue of $84.80 million during the quarter, compared to analysts’ expectations of $84.91 million. First Commonwealth Financial had a net margin of 27.84% and a return on equity of 11.25%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. As a group, sell-side analysts forecast that First Commonwealth Financial will post 1.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, May 2nd. First Commonwealth Financial’s dividend payout ratio is currently 36.36%.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services.
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