First Commonwealth Financial Co. (NYSE:FCF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of First Commonwealth Financial Co. (NYSE:FCF) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three research 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 analysts that have covered the stock in the last year is $19.58.

FCF has been the subject of several analyst reports. StockNews.com raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of First Commonwealth Financial in a research note 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 company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler lowered their price objective on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, DA Davidson reaffirmed a “buy” rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th.

First Commonwealth Financial Stock Up 0.9 %

FCF stock opened at $16.60 on Friday. The firm has a 50-day moving average of $16.94 and a two-hundred day moving average of $17.14. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 11.94 and a beta of 0.87.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. As a group, analysts forecast that First Commonwealth Financial will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a yield of 3.13%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 37.41%.

Institutional Investors Weigh In On First Commonwealth Financial

A number of hedge funds have recently added to or reduced their stakes in FCF. Sanctuary Advisors LLC acquired a new stake in First Commonwealth Financial during the 2nd quarter worth approximately $203,000. CWM LLC lifted its holdings in First Commonwealth Financial by 92.0% during the 3rd quarter. CWM LLC now owns 3,830 shares of the bank’s stock worth $66,000 after buying an additional 1,835 shares in the last quarter. nVerses Capital LLC acquired a new stake in First Commonwealth Financial during the 3rd quarter worth approximately $72,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in First Commonwealth Financial by 12.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,184 shares of the bank’s stock worth $1,038,000 after buying an additional 6,771 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in First Commonwealth Financial by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock worth $332,000 after buying an additional 1,112 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors and hedge funds.

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.