First Commonwealth Financial (NYSE:FCF) Share Price Crosses Above Two Hundred Day Moving Average of $13.60

First Commonwealth Financial Co. (NYSE:FCF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.60 and traded as high as $13.86. First Commonwealth Financial shares last traded at $13.58, with a volume of 813,317 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FCF. Stephens decreased their price objective on shares of First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of First Commonwealth Financial in a research report on Tuesday, April 9th. Finally, StockNews.com raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th.

First Commonwealth Financial Price Performance

The stock’s 50-day moving average price is $13.27 and its 200 day moving average price is $13.60. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 8.82 and a beta of 0.87. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.14.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. First Commonwealth Financial had a net margin of 25.07% and a return on equity of 13.78%. The firm had revenue of $168.55 million during the quarter, compared to analyst estimates of $123.17 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. Equities research analysts predict that First Commonwealth Financial Co. will post 1.44 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.50 annualized dividend and a yield of 3.68%. First Commonwealth Financial’s dividend payout ratio is 32.47%.

Institutional Trading of First Commonwealth Financial

Several hedge funds have recently modified their holdings of FCF. Dimensional Fund Advisors LP raised its holdings in shares of First Commonwealth Financial by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,569,502 shares of the bank’s stock worth $101,435,000 after acquiring an additional 28,553 shares during the period. Charles Schwab Investment Management Inc. grew its position in First Commonwealth Financial by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,798,856 shares of the bank’s stock valued at $43,214,000 after purchasing an additional 23,924 shares in the last quarter. Franklin Resources Inc. grew its position in First Commonwealth Financial by 155.0% in the fourth quarter. Franklin Resources Inc. now owns 2,697,502 shares of the bank’s stock valued at $41,649,000 after purchasing an additional 1,639,667 shares in the last quarter. Mariner LLC bought a new position in shares of First Commonwealth Financial in the 3rd quarter valued at about $32,855,000. Finally, Waldron Private Wealth LLC grew its position in shares of First Commonwealth Financial by 10,699.1% in the 3rd quarter. Waldron Private Wealth LLC now owns 1,204,858 shares of the bank’s stock valued at $14,711,000 after acquiring an additional 1,193,701 shares during the period. 72.58% of the stock is owned by institutional investors.

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.