First Commonwealth Financial (NYSE:FCF) Share Price Crosses Above Two Hundred Day Moving Average of $13.60

Shares of First Commonwealth Financial Co. (NYSE:FCF) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.60 and traded as high as $13.86. First Commonwealth Financial shares last traded at $13.58, with a volume of 813,317 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FCF shares. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Stephens lowered their target price on First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of First Commonwealth Financial in a research note on Tuesday, April 9th.

First Commonwealth Financial Stock Performance

The firm has a market cap of $1.39 billion, a PE ratio of 8.82 and a beta of 0.87. The firm has a 50-day moving average price of $13.27 and a two-hundred day moving average price of $13.60. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.14.

First Commonwealth Financial (NYSE:FCF) last released its earnings results on Tuesday, January 30th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $168.55 million for the quarter, compared to the consensus estimate of $123.17 million. First Commonwealth Financial had a return on equity of 13.78% and a net margin of 25.07%. During the same quarter last year, the business posted $0.39 earnings per share. Research analysts forecast that First Commonwealth Financial Co. will post 1.44 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.125 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.50 annualized dividend and a dividend yield of 3.68%. First Commonwealth Financial’s dividend payout ratio is presently 32.47%.

Institutional Investors Weigh In On First Commonwealth Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mariner LLC acquired a new stake in shares of First Commonwealth Financial in the third quarter valued at $32,855,000. Illinois Municipal Retirement Fund purchased a new position in First Commonwealth Financial in the third quarter valued at $746,000. Charles Schwab Investment Management Inc. boosted its holdings in First Commonwealth Financial by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,774,932 shares of the bank’s stock valued at $33,882,000 after purchasing an additional 84,832 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in First Commonwealth Financial by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,365 shares of the bank’s stock worth $688,000 after buying an additional 3,208 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in First Commonwealth Financial during the 3rd quarter worth about $332,000. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Company Profile

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.