Brokerages Set First Commonwealth Financial Co. (NYSE:FCF) Target Price at $17.70

Shares of First Commonwealth Financial Co. (NYSE:FCF) have earned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.70.

A number of research analysts have commented on FCF shares. Keefe, Bruyette & Woods increased their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reduced their price objective on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st.

Institutional Trading of First Commonwealth Financial

A number of hedge funds and other institutional investors have recently modified their holdings of FCF. Sanctuary Advisors LLC lifted its stake in First Commonwealth Financial by 4.2% during the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock valued at $268,000 after purchasing an additional 633 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of First Commonwealth Financial by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock valued at $272,000 after acquiring an additional 883 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Commonwealth Financial by 6.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock valued at $332,000 after purchasing an additional 1,112 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of First Commonwealth Financial by 2,572.6% during the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,595 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of First Commonwealth Financial by 92.0% during the third quarter. CWM LLC now owns 3,830 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,835 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

First Commonwealth Financial Stock Performance

NYSE:FCF opened at $16.47 on Monday. The stock has a market cap of $1.68 billion, a P/E ratio of 11.13 and a beta of 0.88. First Commonwealth Financial has a 1-year low of $12.41 and a 1-year high of $19.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50-day moving average of $17.64 and a two-hundred day moving average of $17.08.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $121.21 million for the quarter, compared to the consensus estimate of $119.47 million. During the same quarter last year, the company earned $0.39 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. On average, research analysts expect that First Commonwealth Financial will post 1.4 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.16%. First Commonwealth Financial’s dividend payout ratio (DPR) is 35.14%.

About First Commonwealth Financial

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.