First Commonwealth Financial Co. (NYSE:FCF) Short Interest Update

First Commonwealth Financial Co. (NYSE:FCF - Get Free Report) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,070,000 shares, a growth of 10.6% from the November 15th total of 967,200 shares. Based on an average daily volume of 514,800 shares, the days-to-cover ratio is currently 2.1 days.

Analyst Ratings Changes

FCF has been the subject of a number of research reports. Piper Sandler decreased their price target on 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. StockNews.com raised First Commonwealth Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods increased their price target on First Commonwealth Financial from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $17.70.

Insider Transactions at First Commonwealth Financial

In other First Commonwealth Financial news, EVP Michael P. Mccuen acquired 2,919 shares of the firm's stock in a transaction that occurred on 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 acquisition, the executive vice president now directly owns 57,623 shares of the company's stock, valued at $979,014.77. This represents a 5.34 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.97% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. CWM LLC grew its holdings in shares of First Commonwealth Financial by 451.1% in the 2nd quarter. CWM LLC now owns 1,995 shares of the bank's stock valued at $28,000 after buying an additional 1,633 shares during the period. Farther Finance Advisors LLC grew its stake 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 last quarter. Quest Partners LLC acquired a new position in First Commonwealth Financial in the 2nd quarter valued at about $34,000. Wilmington Savings Fund Society FSB acquired a new position in First Commonwealth Financial in the 3rd quarter valued at about $46,000. Finally, Innealta Capital LLC acquired a new position in shares of First Commonwealth Financial during the 2nd quarter worth approximately $51,000. Institutional investors own 72.58% of the company's stock.

First Commonwealth Financial Stock Up 0.2 %

NYSE FCF traded up $0.03 during trading on Friday, hitting $18.28. 305,491 shares of the company traded hands, compared to its average volume of 512,828. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The business has a fifty day simple moving average of $17.91 and a 200 day simple moving average of $16.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.86 billion, a P/E ratio of 12.35 and a beta of 0.86.

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

First Commonwealth Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Friday, November 8th. First Commonwealth Financial's dividend payout ratio is 35.14%.

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.