First Commonwealth Financial Co. (NYSE:FCF) Receives $19.58 Consensus PT from Brokerages

Shares of First Commonwealth Financial Co. (NYSE:FCF) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.58.

A number of analysts recently issued reports on FCF shares. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. DA Davidson restated a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. StockNews.com cut shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Stephens reissued an “overweight” rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On First Commonwealth Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its position in shares of First Commonwealth Financial by 4.2% during the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock worth $268,000 after acquiring an additional 633 shares during the period. Pictet Asset Management Holding SA grew its stake in First Commonwealth Financial by 5.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank’s stock worth $227,000 after purchasing an additional 705 shares in the last quarter. Sei Investments Co. increased its holdings in First Commonwealth Financial by 3.9% during the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank’s stock worth $404,000 after purchasing an additional 895 shares during the period. Aigen Investment Management LP increased its holdings in First Commonwealth Financial by 6.0% during the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank’s stock worth $294,000 after purchasing an additional 983 shares during the period. Finally, Bank of Montreal Can raised its position in First Commonwealth Financial by 6.2% during the 4th quarter. Bank of Montreal Can now owns 17,932 shares of the bank’s stock valued at $303,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors own 72.58% of the company’s stock.

First Commonwealth Financial Price Performance

Shares of First Commonwealth Financial stock opened at $14.07 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The stock has a 50 day moving average of $16.02 and a 200 day moving average of $16.90. The firm has a market cap of $1.43 billion, a PE ratio of 10.12 and a beta of 0.72.

First Commonwealth Financial (NYSE:FCF) last issued 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%. On average, research analysts expect that First Commonwealth Financial will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial’s payout ratio 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.