First Commonwealth Financial Co. (NYSE:FCF) Receives $19.58 Consensus Price Target from Analysts

Shares of First Commonwealth Financial Co. (NYSE:FCF) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.58.

FCF has been the topic of several research analyst reports. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Stephens reiterated an “overweight” rating and set a $21.50 price target on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 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 stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson reiterated a “buy” rating and set a $21.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th.

First Commonwealth Financial Trading Up 2.5 %

NYSE:FCF opened at $15.84 on Tuesday. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 11.40 and a beta of 0.84. 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’s 50 day moving average is $16.34 and its 200-day moving average is $17.06.

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

First Commonwealth Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.28%. First Commonwealth Financial’s dividend payout ratio is presently 37.41%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in First Commonwealth Financial by 2,572.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock worth $28,000 after purchasing an additional 1,595 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in First Commonwealth Financial during the 4th quarter worth about $42,000. Wilmington Savings Fund Society FSB bought a new stake in First Commonwealth Financial during the 3rd quarter worth about $46,000. Sterling Capital Management LLC raised its holdings in First Commonwealth Financial by 815.8% during the 4th quarter. Sterling Capital Management LLC now owns 3,187 shares of the bank’s stock worth $54,000 after purchasing an additional 2,839 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in First Commonwealth Financial by 173.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank’s stock worth $57,000 after purchasing an additional 2,154 shares during the last quarter. 72.58% of the stock is owned by institutional investors.

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.