First Commonwealth Financial (NYSE:FCF) has been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.86.
FCF has been the subject of several analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of First Commonwealth Financial in a report on Thursday, January 25th. FBR & Co reaffirmed a “neutral” rating and issued a $14.00 price objective on shares of First Commonwealth Financial in a report on Friday, October 27th. B. Riley reaffirmed a “hold” rating and issued a $16.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 25th. Zacks Investment Research raised shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, October 27th. Finally, ValuEngine downgraded shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 16th.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in First Commonwealth Financial by 4.8% in the 4th quarter. BlackRock Inc. now owns 12,727,851 shares of the bank’s stock valued at $182,262,000 after purchasing an additional 584,411 shares during the period. Vanguard Group Inc. boosted its holdings in First Commonwealth Financial by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,864,321 shares of the bank’s stock valued at $112,399,000 after purchasing an additional 177,076 shares during the period. Dimensional Fund Advisors LP boosted its holdings in First Commonwealth Financial by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,532,469 shares of the bank’s stock valued at $106,434,000 after purchasing an additional 43,795 shares during the period. State Street Corp boosted its holdings in First Commonwealth Financial by 10.0% in the 2nd quarter. State Street Corp now owns 3,301,635 shares of the bank’s stock valued at $41,864,000 after purchasing an additional 299,793 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in First Commonwealth Financial by 1.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,612,966 shares of the bank’s stock valued at $23,097,000 after purchasing an additional 30,361 shares during the period. 65.42% of the stock is owned by hedge funds and other institutional investors.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $80.98 million during the quarter, compared to the consensus estimate of $80.90 million. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. First Commonwealth Financial’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. sell-side analysts anticipate that First Commonwealth Financial will post 1.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, February 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, February 1st. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 55.17%.
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About First Commonwealth Financial
First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.
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