First Commonwealth Financial Corporation (NYSE:FCF) Receives $18.90 Consensus PT from Analysts

Shares of First Commonwealth Financial Corporation (NYSE:FCF) have earned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.90.

FCF has been the topic of a number of research reports. Wall Street Zen upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Zacks Research lowered First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. DA Davidson lowered First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of First Commonwealth Financial in a research report on Wednesday, October 8th.

First Commonwealth Financial Price Performance

First Commonwealth Financial stock opened at $16.38 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.93 and a current ratio of 0.93. First Commonwealth Financial has a 52 week low of $13.54 and a 52 week high of $19.96. The stock has a market capitalization of $1.71 billion, a P/E ratio of 12.60 and a beta of 0.82. The stock has a fifty day moving average of $17.08 and a 200-day moving average of $16.37.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, October 28th. The bank reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). First Commonwealth Financial had a return on equity of 9.71% and a net margin of 18.94%.The business had revenue of $135.96 million for the quarter, compared to analyst estimates of $136.30 million. During the same period last year, the firm posted $0.31 EPS. On average, sell-side analysts expect that First Commonwealth Financial will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, November 7th. This represents a $0.54 dividend on an annualized basis and a yield of 3.3%. First Commonwealth Financial’s payout ratio is currently 41.54%.

Insiders Place Their Bets

In related news, EVP Michael P. Mccuen purchased 2,826 shares of First Commonwealth Financial stock in a transaction on Wednesday, September 3rd. The shares were purchased at an average price of $17.67 per share, for a total transaction of $49,935.42. Following the transaction, the executive vice president owned 59,021 shares of the company’s stock, valued at approximately $1,042,901.07. This represents a 5.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James R. Reske sold 2,190 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $16.99, for a total value of $37,208.10. Following the completion of the sale, the chief financial officer owned 85,866 shares in the company, valued at $1,458,863.34. This trade represents a 2.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,570 shares of company stock worth $112,544 in the last 90 days. 2.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Commonwealth Financial

Institutional investors have recently made changes to their positions in the stock. Amalgamated Bank lifted its stake in shares of First Commonwealth Financial by 2.5% in the 2nd quarter. Amalgamated Bank now owns 29,654 shares of the bank’s stock valued at $481,000 after purchasing an additional 716 shares during the period. Bank of Montreal Can lifted its stake in shares of First Commonwealth Financial by 3.4% in the 2nd quarter. Bank of Montreal Can now owns 22,304 shares of the bank’s stock valued at $362,000 after purchasing an additional 730 shares during the period. CWM LLC lifted its stake in shares of First Commonwealth Financial by 10.0% in the 2nd quarter. CWM LLC now owns 8,724 shares of the bank’s stock valued at $142,000 after purchasing an additional 792 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of First Commonwealth Financial by 0.8% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 121,512 shares of the bank’s stock valued at $1,972,000 after purchasing an additional 907 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of First Commonwealth Financial by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,715 shares of the bank’s stock valued at $260,000 after purchasing an additional 918 shares during the period. Institutional investors own 72.58% of the company’s stock.

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.