Press coverage about First Commonwealth Financial (NYSE:FCF) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Commonwealth Financial earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.1552656435576 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
FCF has been the topic of several recent research reports. Zacks Investment Research upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, August 23rd. Canaccord Genuity reduced their price objective on First Commonwealth Financial from C$4.25 to C$3.25 and set a “buy” rating on the stock in a research report on Wednesday, August 30th. Raymond James Financial reduced their price objective on First Commonwealth Financial from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. Royal Bank of Canada restated a “buy” rating and set a $14.00 price target on shares of First Commonwealth Financial in a research report on Friday, September 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price target on shares of First Commonwealth Financial in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.83.
First Commonwealth Financial (NYSE:FCF) opened at $14.79 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. First Commonwealth Financial has a 1 year low of $12.05 and a 1 year high of $15.67. The stock has a market capitalization of $1,398.54, a P/E ratio of 17.29 and a beta of 0.97.
First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. First Commonwealth Financial had a return on equity of 9.53% and a net margin of 21.96%. The business had revenue of $80.46 million for the quarter, compared to analyst estimates of $79.29 million. During the same period last year, the company earned $0.19 EPS. First Commonwealth Financial’s revenue for the quarter was up 20.8% compared to the same quarter last year. analysts predict that First Commonwealth Financial will post 0.82 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date was Friday, November 3rd. This represents a $0.32 annualized dividend and a yield of 2.16%. First Commonwealth Financial’s payout ratio is 43.24%.
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About First Commonwealth Financial
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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