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

Shares of First Commonwealth Financial Co. (NYSE:FCFGet Rating) have been given an average rating of “Hold” by the six research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several analysts have recently commented on the company. StockNews.com assumed coverage on First Commonwealth Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley lowered their price objective on First Commonwealth Financial from $19.00 to $18.00 in a research note on Tuesday, April 12th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in First Commonwealth Financial during the first quarter valued at $866,000. Dynamic Technology Lab Private Ltd bought a new position in First Commonwealth Financial during the first quarter valued at $235,000. Captrust Financial Advisors grew its holdings in First Commonwealth Financial by 59.3% during the first quarter. Captrust Financial Advisors now owns 8,689 shares of the bank’s stock valued at $132,000 after purchasing an additional 3,233 shares during the period. State Street Corp grew its holdings in First Commonwealth Financial by 12.8% during the first quarter. State Street Corp now owns 4,611,897 shares of the bank’s stock valued at $69,916,000 after purchasing an additional 524,228 shares during the period. Finally, Psagot Value Holdings Ltd. Israel bought a new position in First Commonwealth Financial during the first quarter valued at $76,000. 68.56% of the stock is owned by institutional investors and hedge funds.

FCF stock opened at $13.13 on Tuesday. The stock’s 50 day simple moving average is $13.93 and its 200 day simple moving average is $15.28. First Commonwealth Financial has a fifty-two week low of $12.36 and a fifty-two week high of $17.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $1.24 billion, a P/E ratio of 9.81 and a beta of 1.03.

First Commonwealth Financial (NYSE:FCFGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). First Commonwealth Financial had a return on equity of 11.51% and a net margin of 32.00%. The firm had revenue of $92.15 million for the quarter, compared to analyst estimates of $93.91 million. During the same period last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities analysts predict that First Commonwealth Financial will post 1.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, May 6th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 5th. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 36.09%.

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.

Further Reading

Analyst Recommendations for First Commonwealth Financial (NYSE:FCF)

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