Shares of First Commonwealth Financial Co. (NYSE:FCF – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.88.
A number of research analysts have weighed in on the stock. Raymond James dropped their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 6th. Stephens cut shares of First Commonwealth Financial from an “overweight” rating to an “equal weight” rating and set a $15.50 price target on the stock. in a research note on Wednesday, August 3rd. B. Riley upped their price target on shares of First Commonwealth Financial from $16.00 to $17.00 in a research note on Monday, August 1st. Finally, DA Davidson restated a “buy” rating on shares of First Commonwealth Financial in a research note on Wednesday, July 27th.
First Commonwealth Financial Stock Down 0.9 %
FCF opened at $13.56 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 10.04 and a beta of 1.02. First Commonwealth Financial has a twelve month low of $12.60 and a twelve month high of $17.63. The company’s 50-day moving average price is $14.20 and its two-hundred day moving average price is $14.19.
First Commonwealth Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, August 4th. First Commonwealth Financial’s dividend payout ratio is presently 35.56%.
Institutional Trading of First Commonwealth Financial
Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its stake in First Commonwealth Financial by 40.4% in the 4th quarter. Citigroup Inc. now owns 76,330 shares of the bank’s stock worth $1,228,000 after purchasing an additional 21,948 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in First Commonwealth Financial in the 1st quarter worth approximately $4,114,000. Aigen Investment Management LP purchased a new stake in First Commonwealth Financial in the 1st quarter worth approximately $168,000. Waldron Private Wealth LLC increased its holdings in shares of First Commonwealth Financial by 0.7% in the 1st quarter. Waldron Private Wealth LLC now owns 1,205,568 shares of the bank’s stock worth $18,276,000 after buying an additional 8,757 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. increased its holdings in shares of First Commonwealth Financial by 24.0% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 15,497 shares of the bank’s stock worth $235,000 after buying an additional 2,997 shares during the last quarter. 70.36% of the stock is currently owned by hedge funds and other 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.
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