Shares of First Commonwealth Financial (NYSE:FCF) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. One 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.00.

FCF has been the subject of several research reports. Boenning Scattergood reiterated an “outperform” rating and set a $47.75 price objective on shares of WSFS Financial in a research note on Thursday, June 20th. B. Riley reiterated a “buy” rating on shares of Gold Standard Ventures in a research note on Wednesday, July 24th. Finally, Zacks Investment Research downgraded shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd.

FCF traded down $0.12 during trading on Wednesday, hitting $13.54. 17,267 shares of the company’s stock were exchanged, compared to its average volume of 286,965. 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 1 year low of $11.33 and a 1 year high of $17.91. The stock’s 50 day moving average is $13.10. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.57 and a beta of 1.16.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. First Commonwealth Financial had a net margin of 26.30% and a return on equity of 10.49%. The company had revenue of $89.03 million during the quarter, compared to the consensus estimate of $88.15 million. During the same period in the previous year, the firm earned $0.33 earnings per share. Sell-side analysts forecast that First Commonwealth Financial will post 1.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 1st. This represents a $0.40 annualized dividend and a yield of 2.95%. First Commonwealth Financial’s dividend payout ratio is currently 36.36%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY lifted its position in shares of First Commonwealth Financial by 371.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 32,303 shares of the bank’s stock worth $390,000 after purchasing an additional 25,450 shares in the last quarter. LSV Asset Management raised its holdings in First Commonwealth Financial by 14.2% in the first quarter. LSV Asset Management now owns 900,434 shares of the bank’s stock valued at $11,345,000 after acquiring an additional 111,700 shares in the last quarter. Stifel Financial Corp raised its holdings in First Commonwealth Financial by 39.3% in the fourth quarter. Stifel Financial Corp now owns 16,478 shares of the bank’s stock valued at $199,000 after acquiring an additional 4,646 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Commonwealth Financial by 3.7% in the first quarter. JPMorgan Chase & Co. now owns 2,427,337 shares of the bank’s stock valued at $30,584,000 after acquiring an additional 85,816 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in First Commonwealth Financial in the fourth quarter valued at $1,248,000. Institutional investors own 66.53% of the company’s stock.

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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