Other equities analysts have also recently issued reports about the company. Stephens reaffirmed an “overweight” rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday. Piper Sandler dropped their price objective on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.58.

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NYSE FCF opened at $16.69 on Thursday. The stock’s fifty day moving average price is $17.34 and its 200-day moving average price is $17.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.70 billion, a P/E ratio of 12.01 and a beta of 0.88. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96.

First Commonwealth Financial (NYSE:FCF – Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.43%. As a group, equities analysts forecast that First Commonwealth Financial will post 1.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, February 7th. First Commonwealth Financial’s payout ratio is currently 37.41%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in First Commonwealth Financial by 2,572.6% during the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after buying an additional 1,595 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Commonwealth Financial in the 3rd quarter worth $46,000. CWM LLC raised its holdings in First Commonwealth Financial by 92.0% in the 3rd quarter. CWM LLC now owns 3,830 shares of the bank’s stock worth $66,000 after purchasing an additional 1,835 shares during the period. nVerses Capital LLC purchased a new position in First Commonwealth Financial during the third quarter valued at $72,000. Finally, KBC Group NV grew its holdings in First Commonwealth Financial by 61.6% during the fourth quarter. KBC Group NV now owns 5,842 shares of the bank’s stock valued at $99,000 after purchasing an additional 2,226 shares during the period. Hedge funds and other institutional investors own 72.58% of the company’s stock.

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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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