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

First Commonwealth Financial Co. (NYSE:FCF - Get Free Report) has earned a consensus recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.70.

FCF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on First Commonwealth Financial from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Piper Sandler cut their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st.

First Commonwealth Financial Stock Up 0.7 %

FCF traded up $0.12 on Thursday, hitting $17.22. 314,930 shares of the company were exchanged, compared to its average volume of 518,161. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.92. The stock's fifty day moving average is $17.98 and its 200-day moving average is $16.63. The company has a market cap of $1.75 billion, a PE ratio of 11.64 and a beta of 0.86. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96.

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

First Commonwealth Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, November 8th. First Commonwealth Financial's dividend payout ratio is 35.14%.

Institutional Trading of First Commonwealth Financial

A number of institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in First Commonwealth Financial by 2,572.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank's stock valued at $28,000 after buying an additional 1,595 shares during the period. Quest Partners LLC acquired a new position in shares of First Commonwealth Financial during the second quarter worth $34,000. Wilmington Savings Fund Society FSB acquired a new position in First Commonwealth Financial in the 3rd quarter worth about $46,000. Innealta Capital LLC bought a new stake in shares of First Commonwealth Financial during the second quarter worth about $51,000. Finally, CWM LLC increased its stake in shares of First Commonwealth Financial by 92.0% in the third quarter. CWM LLC now owns 3,830 shares of the bank's stock valued at $66,000 after buying an additional 1,835 shares during the period. Institutional investors own 72.58% of the company's stock.

First Commonwealth Financial Company Profile

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.