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

First Commonwealth Financial Co. (NYSE:FCF - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.58.

Several research analysts have recently issued reports on the stock. Stephens restated an "overweight" rating and issued a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. DA Davidson restated a "buy" rating and issued a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, StockNews.com downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Friday, April 4th.

Institutional Investors Weigh In On First Commonwealth Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in shares of First Commonwealth Financial by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock valued at $58,601,000 after purchasing an additional 456,119 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in First Commonwealth Financial by 46.6% in the fourth quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank's stock valued at $15,693,000 after buying an additional 295,011 shares in the last quarter. Norges Bank acquired a new stake in shares of First Commonwealth Financial during the 4th quarter valued at approximately $4,536,000. First Trust Advisors LP boosted its stake in shares of First Commonwealth Financial by 19.9% during the 4th quarter. First Trust Advisors LP now owns 1,268,410 shares of the bank's stock worth $21,461,000 after acquiring an additional 210,876 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of First Commonwealth Financial by 13.7% in the 4th quarter. Northern Trust Corp now owns 1,483,405 shares of the bank's stock worth $25,099,000 after acquiring an additional 179,250 shares during the period. Institutional investors and hedge funds own 72.58% of the company's stock.

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First Commonwealth Financial Stock Down 4.4 %

First Commonwealth Financial stock traded down $0.66 during midday trading on Friday, reaching $14.17. The company's stock had a trading volume of 241,874 shares, compared to its average volume of 590,002. The company has a market cap of $1.44 billion, a P/E ratio of 10.21 and a beta of 0.72. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $15.85 and a 200-day simple moving average of $16.83. First Commonwealth Financial has a fifty-two week low of $12.41 and a fifty-two week high of $19.96.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. On average, 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 declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.67%. 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.