According to Zacks, “First Commonwealth Financial Corporation is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Corporation operates two chartered banks, First Commonwealth Bank and Southwest Bank. Personal financial planning and other financial services and insurance products are also provided through First Commonwealth Trust Company and First Commonwealth Insurance Agency. The Corporation also operates through Commonwealth Systems Corporation, a data processing subsidiary. “
Several other research analysts have also commented on FCF. Boenning Scattergood reissued a neutral rating on shares of First Commonwealth Financial in a research report on Thursday, June 20th. B. Riley set a $16.00 price target on First Commonwealth Financial and gave the stock a buy rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. First Commonwealth Financial presently has a consensus rating of Hold and an average target price of $14.67.
Shares of FCF stock opened at $13.48 on Wednesday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.51 and a beta of 1.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. First Commonwealth Financial has a twelve month low of $11.33 and a twelve month high of $16.65. The stock has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $13.10.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $89.03 million during the quarter, compared to analyst estimates of $88.15 million. First Commonwealth Financial had a return on equity of 10.49% and a net margin of 26.30%. During the same period in the previous year, the company posted $0.33 EPS. Research analysts predict that First Commonwealth Financial will post 1.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Thursday, August 1st. First Commonwealth Financial’s payout ratio is 36.36%.
A number of large investors have recently made changes to their positions in the stock. Mason Street Advisors LLC increased its position in First Commonwealth Financial by 2.6% during the 1st quarter. Mason Street Advisors LLC now owns 31,679 shares of the bank’s stock valued at $399,000 after buying an additional 803 shares in the last quarter. Jennison Associates LLC increased its position in First Commonwealth Financial by 2.2% during the 2nd quarter. Jennison Associates LLC now owns 54,432 shares of the bank’s stock valued at $733,000 after buying an additional 1,168 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in First Commonwealth Financial by 4.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 24,836 shares of the bank’s stock valued at $313,000 after buying an additional 1,170 shares in the last quarter. Comerica Bank increased its position in First Commonwealth Financial by 1.4% during the 1st quarter. Comerica Bank now owns 97,882 shares of the bank’s stock valued at $1,308,000 after buying an additional 1,351 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in First Commonwealth Financial by 2.9% during the 1st quarter. Texas Permanent School Fund now owns 66,976 shares of the bank’s stock valued at $844,000 after buying an additional 1,915 shares in the last quarter. 67.05% of the stock is currently owned by institutional investors.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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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