First Commonwealth Financial Co. (NYSE:FCF) Given Consensus Recommendation of “Hold” by Brokerages

First Commonwealth Financial Co. (NYSE:FCF) has earned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.70.

FCF has been the subject of a number of analyst reports. StockNews.com raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods raised 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 note on Wednesday, December 4th. Finally, Piper Sandler lowered their price objective on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st.

First Commonwealth Financial Stock Up 0.3 %

NYSE FCF opened at $17.10 on Thursday. First Commonwealth Financial has a twelve month low of $12.41 and a twelve month high of $19.96. The stock has a market cap of $1.74 billion, a PE ratio of 11.55 and a beta of 0.86. The firm has a 50-day simple moving average of $17.99 and a 200 day simple moving average of $16.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.92.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, October 29th. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $119.47 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts forecast that First Commonwealth Financial will post 1.4 EPS for the current year.

First Commonwealth Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 3.04%. First Commonwealth Financial’s dividend payout ratio is presently 35.14%.

Hedge Funds Weigh In On First Commonwealth Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of First Commonwealth Financial by 2,572.6% in the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,595 shares during the period. Quest Partners LLC bought a new position in First Commonwealth Financial in the 2nd quarter valued at about $34,000. Wilmington Savings Fund Society FSB acquired a new stake in First Commonwealth Financial during the third quarter worth approximately $46,000. Innealta Capital LLC bought a new stake in shares of First Commonwealth Financial during the second quarter worth approximately $51,000. Finally, CWM LLC grew its position 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 purchasing an additional 1,835 shares during the last quarter. Institutional investors 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.