Todd Brice Acquires 1,000 Shares of First Commonwealth Financial (NYSE:FCF) Stock

First Commonwealth Financial Corporation (NYSE:FCF) Director Todd Brice acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $15.27 per share, with a total value of $15,270.00. Following the transaction, the director directly owned 12,500 shares of the company’s stock, valued at $190,875. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Commonwealth Financial Stock Up 1.0%

Shares of NYSE FCF opened at $15.61 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 11.31 and a beta of 0.82. First Commonwealth Financial Corporation has a 12 month low of $13.54 and a 12 month high of $19.96. The stock has a 50-day moving average price of $16.89 and a two-hundred day moving average price of $16.42.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, October 28th. The bank reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $135.96 million for the quarter, compared to analyst estimates of $136.30 million. First Commonwealth Financial had a return on equity of 10.12% and a net margin of 20.00%.During the same period in the previous year, the firm posted $0.31 EPS. As a group, analysts forecast that First Commonwealth Financial Corporation will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.54 annualized dividend and a yield of 3.5%. First Commonwealth Financial’s payout ratio is presently 39.13%.

Analyst Ratings Changes

FCF has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of First Commonwealth Financial in a research note on Wednesday, October 8th. DA Davidson lowered shares of First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Zacks Research lowered shares of First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.63.

Institutional Trading of First Commonwealth Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCF. Wealth Enhancement Advisory Services LLC increased its position in First Commonwealth Financial by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,680 shares of the bank’s stock valued at $337,000 after purchasing an additional 2,088 shares during the period. Principal Financial Group Inc. increased its position in First Commonwealth Financial by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 576,222 shares of the bank’s stock valued at $8,954,000 after purchasing an additional 18,825 shares during the period. D.A. Davidson & CO. increased its position in First Commonwealth Financial by 26.0% during the 1st quarter. D.A. Davidson & CO. now owns 23,815 shares of the bank’s stock valued at $370,000 after purchasing an additional 4,911 shares during the period. Envestnet Asset Management Inc. increased its position in First Commonwealth Financial by 52.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 41,877 shares of the bank’s stock valued at $651,000 after purchasing an additional 14,419 shares during the period. Finally, Cerity Partners LLC acquired a new stake in First Commonwealth Financial during the 1st quarter valued at approximately $163,000. Institutional investors and hedge funds own 72.58% of the company’s stock.

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.