Analysts Set First Commonwealth Financial Co. (NYSE:FCF) Target Price at $19.58

First Commonwealth Financial Co. (NYSE:FCF) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.58.

FCF has been the subject of several research analyst reports. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 14th. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens restated an “overweight” rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in First Commonwealth Financial by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank’s stock worth $64,876,000 after purchasing an additional 105,116 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of First Commonwealth Financial in the 4th quarter worth approximately $2,147,000. Barclays PLC grew its stake in shares of First Commonwealth Financial by 121.8% in the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank’s stock worth $3,631,000 after buying an additional 116,295 shares during the last quarter. Royce & Associates LP bought a new position in First Commonwealth Financial during the 3rd quarter valued at approximately $678,000. Finally, BNP Paribas Financial Markets raised its stake in First Commonwealth Financial by 64.2% during the third quarter. BNP Paribas Financial Markets now owns 34,892 shares of the bank’s stock valued at $598,000 after buying an additional 13,643 shares during the last quarter. 72.58% of the stock is currently owned by institutional investors.

First Commonwealth Financial Stock Up 0.3 %

Shares of NYSE FCF opened at $15.48 on Tuesday. The firm’s fifty day moving average is $16.38 and its 200 day moving average is $17.08. First Commonwealth Financial has a 52 week low of $12.41 and a 52 week high of $19.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 11.14 and a beta of 0.84.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. On average, equities research analysts expect that First Commonwealth Financial will post 1.45 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 37.41%.

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.