First Commonwealth Financial (NYSE:FCF) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $17.00.

FCF has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine downgraded shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Finally, Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research report on Wednesday, April 24th.

FCF stock traded down $0.11 during midday trading on Friday, hitting $13.36. The company’s stock had a trading volume of 16,126 shares, compared to its average volume of 363,076. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.19. First Commonwealth Financial has a twelve month low of $11.33 and a twelve month high of $17.91. The firm has a market capitalization of $1.31 billion, a P/E ratio of 12.15, a PEG ratio of 1.53 and a beta of 1.17.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). First Commonwealth Financial had a net margin of 27.84% and a return on equity of 11.25%. The firm had revenue of $84.80 million during the quarter, compared to the consensus estimate of $84.91 million. During the same period last year, the business earned $0.24 EPS. The business’s revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts forecast that First Commonwealth Financial will post 1.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, May 2nd. First Commonwealth Financial’s payout ratio is 36.36%.

Several hedge funds have recently made changes to their positions in FCF. Bank of New York Mellon Corp boosted its holdings in shares of First Commonwealth Financial by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,456,527 shares of the bank’s stock worth $23,508,000 after buying an additional 45,827 shares during the period. Legal & General Group Plc boosted its holdings in shares of First Commonwealth Financial by 6.9% during the 3rd quarter. Legal & General Group Plc now owns 237,651 shares of the bank’s stock worth $3,830,000 after buying an additional 15,311 shares during the period. Vanguard Group Inc. boosted its holdings in shares of First Commonwealth Financial by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,401,264 shares of the bank’s stock worth $167,876,000 after buying an additional 240,823 shares during the period. Vanguard Group Inc boosted its holdings in shares of First Commonwealth Financial by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 10,401,264 shares of the bank’s stock worth $167,876,000 after buying an additional 240,823 shares during the period. Finally, Lynch & Associates IN boosted its holdings in shares of First Commonwealth Financial by 7.6% during the 4th quarter. Lynch & Associates IN now owns 14,100 shares of the bank’s stock worth $170,000 after buying an additional 1,000 shares during the period. 68.31% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for First Commonwealth Financial (NYSE:FCF)

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