First Commonwealth Financial Co. (NYSE:FCF) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of First Commonwealth Financial Co. (NYSE:FCF - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.58.

A number of brokerages recently issued reports on FCF. Royal Bank of Canada restated an "outperform" rating and set a $20.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price objective on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Stephens reiterated an "overweight" rating and issued a $21.50 target price on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. DA Davidson reissued a "buy" rating and issued a $21.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a report on Friday, February 14th.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 1,595 shares during the period. Crowley Wealth Management Inc. purchased a new position in First Commonwealth Financial in the fourth quarter valued at about $42,000. Wilmington Savings Fund Society FSB acquired a new position in shares of First Commonwealth Financial during the third quarter worth about $46,000. Sterling Capital Management LLC grew its stake in shares of First Commonwealth Financial by 815.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,187 shares of the bank's stock valued at $54,000 after buying an additional 2,839 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock worth $57,000 after acquiring an additional 2,154 shares during the period. 72.58% of the stock is owned by institutional investors and hedge funds.

First Commonwealth Financial Price Performance

NYSE:FCF traded up $0.38 during trading hours on Tuesday, reaching $15.84. 615,444 shares of the company traded hands, compared to its average volume of 515,027. First Commonwealth Financial has a 1-year low of $12.41 and a 1-year high of $19.96. The stock has a market cap of $1.61 billion, a P/E ratio of 11.40 and a beta of 0.84. The firm's 50-day moving average is $16.38 and its 200-day moving average is $17.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. Equities research analysts expect that First Commonwealth Financial will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial's dividend payout ratio (DPR) is presently 37.41%.

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.