First Commonwealth Financial (NYSE:FCF) Reaches New 52-Week Low at $12.21

First Commonwealth Financial Co. (NYSE:FCF – Get Rating) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.21 and last traded at $12.80, with a volume of 359929 shares changing hands. The stock had previously closed at $13.53.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FCF shares. StockNews.com lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 17th. Raymond James lowered First Commonwealth Financial from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.90.

First Commonwealth Financial Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $14.26. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.60 and a beta of 0.98.

First Commonwealth Financial (NYSE:FCF – Get Rating) last issued its earnings results on Tuesday, January 24th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). First Commonwealth Financial had a return on equity of 12.36% and a net margin of 29.90%. The firm had revenue of $120.59 million for the quarter, compared to analyst estimates of $113.63 million. During the same period in the previous year, the company earned $0.37 earnings per share. As a group, research analysts anticipate that First Commonwealth Financial Co. will post 1.74 EPS for the current year.

First Commonwealth Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Friday, February 3rd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 2nd. First Commonwealth Financial’s payout ratio is 35.29%.

Insider Activity at First Commonwealth Financial

In related news, CEO T Michael Price purchased 13,212 shares of the stock in a transaction that occurred on Friday, January 27th. The stock was acquired at an average cost of $13.87 per share, with a total value of $183,250.44. Following the transaction, the chief executive officer now owns 321,756 shares of the company’s stock, valued at approximately $4,462,755.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ray T. Charley purchased 4,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average cost of $13.26 per share, with a total value of $53,040.00. Following the transaction, the director now owns 313,174 shares of the company’s stock, valued at approximately $4,152,687.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO T Michael Price purchased 13,212 shares of the stock in a transaction that occurred on Friday, January 27th. The stock was bought at an average cost of $13.87 per share, with a total value of $183,250.44. Following the completion of the transaction, the chief executive officer now directly owns 321,756 shares in the company, valued at approximately $4,462,755.72. The disclosure for this purchase can be found here. 1.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First Commonwealth Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY raised its position in First Commonwealth Financial by 14.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 5,758 shares of the bank’s stock valued at $80,000 after buying an additional 710 shares during the last quarter. Captrust Financial Advisors grew its stake in First Commonwealth Financial by 59.3% in the 1st quarter. Captrust Financial Advisors now owns 8,689 shares of the bank’s stock valued at $132,000 after purchasing an additional 3,233 shares during the period. Financial Enhancement Group LLC bought a new position in First Commonwealth Financial in the 3rd quarter valued at $116,000. Tower Research Capital LLC TRC grew its stake in First Commonwealth Financial by 237.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,955 shares of the bank’s stock valued at $128,000 after purchasing an additional 7,001 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in First Commonwealth Financial in the 4th quarter valued at $140,000. 69.47% of the stock is owned by hedge funds and other institutional investors.

First Commonwealth Financial Company Profile

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First Commonwealth Financial Corp. is a holding company, which engages in the provision of consumer and commercial banking services. The firm is also involved in providing trust and wealth management services and offers insurance products. The company was founded on November 15, 1982 and is headquartered in Indiana, PA.