First Commonwealth Financial (FCF) Receives Consensus Rating of “Hold” from Analysts

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 (FCF) opened at $13.89 on Tuesday. The firm has a market cap of $1,355.62, a P/E ratio of 23.95 and a beta of 0.94. First Commonwealth Financial has a 52-week low of $12.05 and a 52-week high of $15.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.87 and a current ratio of 0.87.

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.

Analyst Recommendations for First Commonwealth Financial (NYSE:FCF)

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