First Commonwealth Financial Co. (NYSE:FCF) Receives $17.30 Average Price Target from Analysts

First Commonwealth Financial Co. (NYSE:FCF) has earned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.30.

FCF has been the subject of several recent research reports. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Piper Sandler dropped their price target on 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.

Insider Transactions at First Commonwealth Financial

In other First Commonwealth Financial news, EVP Michael P. Mccuen acquired 2,919 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average price of $16.99 per share, for a total transaction of $49,593.81. Following the completion of the acquisition, the executive vice president now directly owns 57,623 shares of the company’s stock, valued at $979,014.77. This trade represents a 5.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in First Commonwealth Financial by 451.1% in the second quarter. CWM LLC now owns 1,995 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,633 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in First Commonwealth Financial by 2,572.6% in the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,595 shares during the last quarter. Quest Partners LLC acquired a new position in First Commonwealth Financial in the second quarter valued at $34,000. Wilmington Savings Fund Society FSB acquired a new position in First Commonwealth Financial in the third quarter valued at $46,000. Finally, Innealta Capital LLC purchased a new position in First Commonwealth Financial in the second quarter valued at about $51,000. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Stock Performance

NYSE FCF opened at $18.70 on Friday. First Commonwealth Financial has a 1-year low of $12.41 and a 1-year high of $19.96. The company has a market capitalization of $1.90 billion, a P/E ratio of 12.64 and a beta of 0.86. The business has a 50 day moving average price of $17.57 and a 200 day moving average price of $16.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The firm had revenue of $121.21 million during the quarter, compared to analysts’ expectations of $119.47 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts expect that First Commonwealth Financial will post 1.4 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Friday, November 8th. First Commonwealth Financial’s dividend payout ratio (DPR) is 35.14%.

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.