First Commonwealth Financial Co. (NYSE:FCF) Receives Average Rating of "Hold" from Analysts

Shares of First Commonwealth Financial Co. (NYSE:FCF - Get Free Report) have been assigned an average rating of "Hold" from the five analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.30.

FCF has been the subject of a number of analyst reports. StockNews.com raised shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a research note on Wednesday. Piper Sandler cut their price target on First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st.

Insider Activity at First Commonwealth Financial

In related news, EVP Michael P. Mccuen acquired 2,919 shares of First Commonwealth Financial stock in a transaction dated Monday, September 23rd. The stock was acquired at an average cost of $16.99 per share, with a total value of $49,593.81. Following the purchase, the executive vice president now directly owns 57,623 shares in the company, valued at $979,014.77. The trade was a 5.34 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.97% of the company's stock.

Institutional Investors Weigh In On First Commonwealth Financial

A number of institutional investors and hedge funds have recently modified their holdings of FCF. Charles Schwab Investment Management Inc. raised its holdings in shares of First Commonwealth Financial by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank's stock valued at $64,876,000 after acquiring an additional 105,116 shares during the period. Royce & Associates LP acquired a new stake in First Commonwealth Financial during the 3rd quarter valued at $678,000. Texas Permanent School Fund Corp raised its stake in First Commonwealth Financial by 53.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 136,563 shares of the bank's stock valued at $1,886,000 after purchasing an additional 47,466 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of First Commonwealth Financial by 7.2% in the third quarter. Principal Financial Group Inc. now owns 538,964 shares of the bank's stock valued at $9,243,000 after purchasing an additional 36,001 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of First Commonwealth Financial in the second quarter worth $693,000. 72.58% of the stock is owned by institutional investors and hedge funds.

First Commonwealth Financial Stock Performance

Shares of NYSE FCF traded down $0.15 during mid-day trading on Friday, hitting $18.83. The company had a trading volume of 388,874 shares, compared to its average volume of 543,872. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 12.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92. The firm's 50 day simple moving average is $17.53 and its two-hundred day simple moving average is $16.07.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its earnings results on Tuesday, October 29th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). The company had revenue of $121.21 million during the quarter, compared to the consensus estimate of $119.47 million. First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The business's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, equities research analysts forecast that First Commonwealth Financial will post 1.4 earnings per share for the current year.

First Commonwealth Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Friday, November 8th. First Commonwealth Financial's dividend payout ratio (DPR) is presently 35.14%.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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.