First Commonwealth Financial Co. (NYSE:FCF) Given Average Recommendation of “Hold” by Brokerages

Shares of First Commonwealth Financial Co. (NYSE:FCF) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.70.

A number of analysts have issued reports on the company. Piper Sandler decreased their price target on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Keefe, Bruyette & Woods boosted their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Wednesday.

First Commonwealth Financial Stock Performance

Shares of First Commonwealth Financial stock opened at $16.92 on Thursday. The business has a 50-day simple moving average of $17.97 and a 200-day simple moving average of $16.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.92. First Commonwealth Financial has a one year low of $12.41 and a one year high of $19.96. The company has a market cap of $1.72 billion, a PE ratio of 11.43 and a beta of 0.86.

First Commonwealth Financial (NYSE:FCF) last announced 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). The firm had revenue of $121.21 million during the quarter, compared to analysts’ expectations of $119.47 million. First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. On average, equities research analysts forecast that First Commonwealth Financial will post 1.4 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.13 dividend. 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 3.07%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 35.14%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position 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 worth $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 purchased a new stake in shares of First Commonwealth Financial in the third quarter valued at about $46,000. Innealta Capital LLC acquired a new stake in shares of First Commonwealth Financial during the second quarter worth about $51,000. Finally, CWM LLC grew 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 worth $66,000 after buying an additional 1,835 shares during the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

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.