Shares of First Commonwealth Financial Co. (NYSE: FCF – Get a rating) received an average recommendation of “Hold” from the seven analysts who currently cover the company, reports MarketBeat.com. Four research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The average 1-year price target among brokerages that updated their coverage on the stock in the last year is $18.50.
A number of research analysts have recently released FCF stock reports. Raymond James downgraded shares of First Commonwealth Financial from an “outperform” rating to a “market performer” rating in a research report on Thursday. B. Riley lowered his price target on shares of First Commonwealth Financial from $19.00 to $18.00 in a Tuesday, April 12 research report. To finish, StockNews.com began covering First Commonwealth Financial shares in a research report on Thursday, March 31. They issued a “hold” rating on the stock.
NYSE: FCF opened at $13.63 on Friday. The company’s 50-day simple moving average is $13.55 and its 200-day simple moving average is $15.05. The company has a debt ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89. First Commonwealth Financial has a one-year low of $12.36 and a one-year high of $17.63. The company has a market capitalization of $1.29 billion, a PE ratio of 10.25 and a beta of 1.00.
First Commonwealth Financial (NYSE: FCF – Get a rating) last reported results on Tuesday, April 26. The bank reported EPS of $0.29 for the quarter, missing the consensus estimate of $0.30 per ($0.01). The company posted revenue of $92.15 million for the quarter, versus analyst estimates of $93.91 million. First Commonwealth Financial had a return on equity of 11.51% and a net margin of 32.00%. The company’s quarterly revenue fell 4.8% year over year. In the same quarter a year earlier, the company had earned earnings per share of $0.41. Equity research analysts expect First Commonwealth Financial to post EPS of 1.35 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Friday, May 6 received a dividend of $0.12. The ex-dividend date was Thursday, May 5. This represents an annualized dividend of $0.48 and a dividend yield of 3.52%. This is a positive change from First Commonwealth Financial’s previous quarterly dividend of $0.12. First Commonwealth Financial’s payout ratio is currently 36.09%.
Several large investors have recently increased or reduced their stake in FCF. Invesco Ltd. increased its stake in shares of First Commonwealth Financial by 107.1% in Q1. Invesco Ltd. now owns 1,100,043 shares of the bank valued at $16,677,000 after acquiring an additional 568,755 shares last quarter. State Street Corp increased its stake in shares of First Commonwealth Financial by 12.8% in Q1. State Street Corp now owns 4,611,897 shares of the bank valued at $69,916,000 after acquiring an additional 524,228 shares last quarter. Artemis Investment Management LLP purchased a new equity stake in First Commonwealth Financial in Q4 valued at $7,274,000. Assenagon Asset Management SA increased its stake in First Commonwealth Financial by 542.6% during the 4th quarter. Assenagon Asset Management SA now owns 386,816 shares in the bank valued at $6,224,000 after purchasing an additional 326,622 shares last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in First Commonwealth Financial during the 1st quarter at a value of $4,114,000. Institutional investors hold 68.56% of the company’s shares.
Profile of the Commonwealth’s First Financial Corporation (Get a rating)
First Commonwealth Financial Corporation, a financial holding company, provides various retail and corporate banking services in the United States. Its consumer services include personal checking accounts, interest-bearing checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, interest rate certificates of deposit fixed and variable loans, mortgages, secured and unsecured installment loans, construction and home loans, safe deposit boxes, credit cards, lines of credit with overdraft protection, IRA accounts and automated teller machine (ATM) services ), as well as internet, mobile and telephone banking.
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