First Commonwealth Financial Co. (NYSE:FCF) Receives $19.58 Average PT from Analysts

First Commonwealth Financial Co. (NYSE:FCF) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.58.

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

Institutional Investors Weigh In On First Commonwealth Financial

Several large investors have recently added to or reduced their stakes in FCF. Sanctuary Advisors LLC increased its stake in First Commonwealth Financial by 4.2% in 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 in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of First Commonwealth Financial by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank’s stock valued at $227,000 after buying an additional 705 shares during the period. Natixis Advisors LLC increased its position in First Commonwealth Financial by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock valued at $272,000 after buying an additional 883 shares in the last quarter. Sei Investments Co. raised its stake in First Commonwealth Financial by 3.9% during the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank’s stock worth $404,000 after buying an additional 895 shares during the period. Finally, Aigen Investment Management LP boosted its holdings in First Commonwealth Financial by 6.0% in the fourth quarter. Aigen Investment Management LP now owns 17,398 shares of the bank’s stock worth $294,000 after acquiring an additional 983 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Stock Up 0.5 %

FCF stock opened at $15.93 on Tuesday. The firm has a 50-day moving average price of $16.33 and a 200-day moving average price of $17.05. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.62 billion, a P/E ratio of 11.46 and a beta of 0.84.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. As a group, equities research analysts anticipate that First Commonwealth Financial will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial’s dividend payout ratio is 37.41%.

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.