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

Shares of First Commonwealth Financial Co. (NYSE:FCFGet Rating) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.33.

A number of research firms have issued reports on FCF. StockNews.com began coverage on First Commonwealth Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, January 5th. DA Davidson reiterated a “buy” rating on shares of First Commonwealth Financial in a research report on Thursday, January 27th. Finally, B. Riley cut their target price on First Commonwealth Financial from $19.00 to $18.00 in a research report on Tuesday, April 12th.

Several hedge funds have recently bought and sold shares of FCF. SG Americas Securities LLC purchased a new position in shares of First Commonwealth Financial in the third quarter valued at $638,000. D.A. Davidson & CO. bought a new stake in shares of First Commonwealth Financial in the 4th quarter valued at about $341,000. Franklin Resources Inc. bought a new stake in shares of First Commonwealth Financial in the 3rd quarter valued at about $460,000. Metropolitan Life Insurance Co NY increased its holdings in First Commonwealth Financial by 9.9% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 24,282 shares of the bank’s stock valued at $331,000 after purchasing an additional 2,186 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in First Commonwealth Financial by 22.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 201,287 shares of the bank’s stock valued at $2,744,000 after purchasing an additional 36,739 shares during the period. Institutional investors own 67.70% of the company’s stock.

FCF opened at $14.43 on Monday. First Commonwealth Financial has a twelve month low of $12.36 and a twelve month high of $17.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.36 billion, a PE ratio of 9.95 and a beta of 1.02. The business’s 50 day moving average is $15.44 and its 200-day moving average is $15.66.

First Commonwealth Financial (NYSE:FCFGet Rating) last announced its quarterly earnings results on Tuesday, January 25th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. First Commonwealth Financial had a return on equity of 12.55% and a net margin of 34.51%. The company had revenue of $96.33 million during the quarter, compared to analysts’ expectations of $97.09 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, analysts forecast that First Commonwealth Financial will post 1.31 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Friday, February 4th were paid a $0.115 dividend. The ex-dividend date of this dividend was Thursday, February 3rd. This represents a $0.46 annualized dividend and a dividend yield of 3.19%. First Commonwealth Financial’s payout ratio is 31.72%.

First Commonwealth Financial Company Profile (Get Rating)

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.

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Analyst Recommendations for First Commonwealth Financial (NYSE:FCF)

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