First Commonwealth Financial Co. (NYSE:FCF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Commonwealth Financial Co. (NYSE:FCF) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, 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 twelve-month target price among brokers that have issued a report on the stock in the last year is $19.58.

A number of brokerages recently weighed in on FCF. Keefe, Bruyette & Woods raised their price objective on First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lowered 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 report on Thursday, October 31st. StockNews.com raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 14th. DA Davidson reissued a “buy” rating and issued a $21.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Finally, Stephens reaffirmed an “overweight” rating and set a $21.50 price objective on shares of First Commonwealth Financial in a research note on Wednesday, January 29th.

First Commonwealth Financial Stock Performance

Shares of FCF opened at $16.35 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $16.74 and a 200-day moving average price of $17.09. The company has a market cap of $1.66 billion, a PE ratio of 11.76 and a beta of 0.87. First Commonwealth Financial has a 12-month low of $12.41 and a 12-month high of $19.96.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.35 EPS 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%. As a group, equities analysts forecast that First Commonwealth Financial will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, February 7th. First Commonwealth Financial’s dividend payout ratio is 37.41%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of First Commonwealth Financial in the second quarter worth $203,000. CWM LLC boosted its holdings in First Commonwealth Financial by 92.0% in the 3rd 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 period. nVerses Capital LLC purchased a new stake in First Commonwealth Financial in the 3rd quarter worth $72,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in First Commonwealth Financial by 12.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,184 shares of the bank’s stock valued at $1,038,000 after acquiring an additional 6,771 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of First Commonwealth Financial by 6.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock valued at $332,000 after acquiring an additional 1,112 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors.

About First Commonwealth Financial

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.