First Commonwealth Financial Co. (NYSE: FCF – Get a rating) received an average rating of “moderate buy” from the seven research companies that cover the business, Marketbeat reports. Three research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokerages that have reported on the stock over the past year is $16.88.
Several research companies have recently published reports on FCF. Stephens downgraded shares of First Commonwealth Financial from an “overweight” rating to an “equal weight” rating and set a target price of $15.50 for the stock. in a report on Wednesday August 3. B. Riley raised his price target on shares of First Commonwealth Financial from $16.00 to $17.00 in a Monday, August 1 report. Raymond James lowered its price target on shares of First Commonwealth Financial from $17.00 to $16.00 and set an “outperform” rating on the stock in a Tuesday, September 6 report. Finally, DA Davidson reiterated a “buy” rating on First Commonwealth Financial shares in a Wednesday, July 27 report.
First Commonwealth Financial Awards performance
Shares of NYSE:FCF opened at $13.56 on Thursday. The company has a market capitalization of $1.27 billion, a PE ratio of 10.04 and a beta of 1.02. The company’s fifty-day moving average is $14.20 and its 200-day moving average is $14.19. The company has a debt ratio of 0.17, a quick ratio of 0.90 and a current ratio of 0.90. First Commonwealth Financial has a 52-week low of $12.60 and a 52-week high of $17.63.
First Commonwealth Financial (NYSE: FCF – Get a rating) last released its quarterly results on Tuesday, July 26. The bank reported EPS of $0.33 for the quarter, meeting analyst consensus estimates of $0.33. First Commonwealth Financial had a net margin of 32.04% and a return on equity of 11.74%. In the same quarter last year, the company achieved EPS of $0.31. Sell-side analysts expect First Commonwealth Financial to post earnings per share of 1.39 for the current year.
First Commonwealth Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19. Shareholders of record on Friday August 5 received a dividend of $0.12 per share. The ex-dividend date was Thursday August 4th. This represents an annualized dividend of $0.48 and a dividend yield of 3.54%. First Commonwealth Financial’s dividend payout ratio is currently 35.56%.
Hedge funds weigh on First Commonwealth Financial
Several institutional investors have recently changed their positions in FCF. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of First Commonwealth Financial during the second quarter worth approximately $63,000. Psagot Value Holdings Ltd. Israel bought a new stake in the shares of First Commonwealth Financial during the first quarter for a value of approximately $76,000. KBC Group NV purchased a new equity stake in First Commonwealth Financial during the second quarter for a value of approximately $92,000. Captrust Financial Advisors increased its position in First Commonwealth Financial shares by 59.3% during the first quarter. Captrust Financial Advisors now owns 8,689 shares of the bank worth $132,000 after acquiring 3,233 additional shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of First Commonwealth Financial during the second quarter at a value of approximately $136,000. Institutional investors and hedge funds hold 70.36% of the company’s shares.
Profile of the Commonwealth’s First Financial Corporation
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, mortgages, secured and unsecured installment loans, construction and home loans, safe deposit boxes, credit cards, lines of credit with overdraft protection, IRA accounts and ATM services ATMs, as well as internet, mobile and telephone banking.
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