First Commonwealth Financial Co. (NYSE:FCF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of First Commonwealth Financial Co. (NYSE:FCF) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $19.58.

A number of research analysts have weighed in on FCF shares. DA Davidson reiterated a “buy” rating and issued a $21.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price objective on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler decreased their price objective on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Stephens reiterated an “overweight” rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, January 29th.

First Commonwealth Financial Price Performance

NYSE:FCF opened at $16.60 on Friday. First Commonwealth Financial has a one year low of $12.41 and a one year high of $19.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 11.94 and a beta of 0.87. The firm’s fifty day moving average is $16.94 and its two-hundred day moving average is $17.14.

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

First Commonwealth Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.13%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 37.41%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in First Commonwealth Financial by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank’s stock valued at $58,601,000 after acquiring an additional 456,119 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in First Commonwealth Financial by 46.6% in the 4th quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank’s stock valued at $15,693,000 after acquiring an additional 295,011 shares during the last quarter. Norges Bank acquired a new stake in First Commonwealth Financial in the 4th quarter valued at about $4,536,000. Charles Schwab Investment Management Inc. raised its holdings in First Commonwealth Financial by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank’s stock valued at $66,947,000 after acquiring an additional 173,817 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in First Commonwealth Financial in the 4th quarter valued at about $2,456,000. 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.