Brokerages Set First Commonwealth Financial Co. (NYSE:FCF) PT at $19.58

Shares of First Commonwealth Financial Co. (NYSE:FCF - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.58.

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

First Commonwealth Financial Stock Down 0.5 %

NYSE:FCF traded down $0.08 during trading hours on Friday, reaching $16.54. The company's stock had a trading volume of 290,993 shares, compared to its average volume of 694,216. First Commonwealth Financial has a one year low of $12.41 and a one year high of $19.96. The business's 50-day moving average is $16.86 and its 200-day moving average is $17.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 11.90 and a beta of 0.87.

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

First Commonwealth Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.14%. First Commonwealth Financial's dividend payout ratio (DPR) is currently 37.41%.

Institutional Investors Weigh In On First Commonwealth Financial

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in First Commonwealth Financial by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank's stock worth $66,947,000 after purchasing an additional 173,817 shares in the last quarter. Franklin Resources Inc. increased its position in shares of First Commonwealth Financial by 15.3% during the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock worth $58,601,000 after acquiring an additional 456,119 shares in the last quarter. American Century Companies Inc. increased its position in shares of First Commonwealth Financial by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,992,712 shares of the bank's stock worth $33,717,000 after acquiring an additional 9,588 shares in the last quarter. Northern Trust Corp increased its position in shares of First Commonwealth Financial by 13.7% during the fourth 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 in the last quarter. Finally, First Trust Advisors LP lifted its position in First Commonwealth Financial by 19.9% in the 4th quarter. First Trust Advisors LP now owns 1,268,410 shares of the bank's stock valued at $21,461,000 after acquiring an additional 210,876 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company's stock.

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.