Shares of First Commonwealth Financial Corporation (NYSE:FCF) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.83.
Several research firms have commented on FCF. Zacks Investment Research raised First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, September 19th. ValuEngine downgraded First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price target on shares of First Commonwealth Financial in a report on Thursday, August 10th. Canaccord Genuity lowered their price target on First Commonwealth Financial from C$4.25 to C$3.25 and set a “buy” rating on the stock in a report on Wednesday, August 30th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price target on shares of First Commonwealth Financial in a report on Friday, September 8th.
First Commonwealth Financial (FCF) traded up $0.03 during trading on Thursday, reaching $15.15. The company’s stock had a trading volume of 749,489 shares, compared to its average volume of 409,473. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.09. First Commonwealth Financial has a twelve month low of $12.05 and a twelve month high of $15.42. The company has a market capitalization of $1,476.50, a P/E ratio of 18.25 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, November 3rd. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 43.24%.
A number of institutional investors have recently bought and sold shares of FCF. State Street Corp increased its position in First Commonwealth Financial by 10.0% during the second quarter. State Street Corp now owns 3,301,635 shares of the bank’s stock valued at $41,864,000 after acquiring an additional 299,793 shares during the last quarter. Citadel Advisors LLC purchased a new stake in First Commonwealth Financial in the second quarter worth about $3,416,000. BlackRock Inc. increased its position in First Commonwealth Financial by 2.3% in the second quarter. BlackRock Inc. now owns 11,236,579 shares of the bank’s stock worth $142,479,000 after buying an additional 257,186 shares in the last quarter. Koch Industries Inc. purchased a new stake in First Commonwealth Financial in the second quarter worth about $201,000. Finally, Marshall Wace North America L.P. purchased a new stake in First Commonwealth Financial in the second quarter worth about $2,731,000. Institutional investors own 65.70% of the company’s stock.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.
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