Shares of First Commonwealth Financial (NYSE:FCF) saw strong trading volume on Friday . 1,330,900 shares were traded during mid-day trading, an increase of 154% from the previous session’s volume of 524,842 shares.The stock last traded at $14.81 and had previously closed at $14.69.
Several equities analysts recently weighed in on the stock. Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research note on Thursday, January 11th. B. Riley reissued a “hold” rating and issued a $16.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 target price on shares of First Commonwealth Financial in a research note on Monday, January 29th. ValuEngine raised shares of First Commonwealth Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research cut shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. First Commonwealth Financial has an average rating of “Hold” and an average price target of $11.86.
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $1,444.33, a P/E ratio of 18.06 and a beta of 0.94.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. The firm had revenue of $80.98 million during the quarter, compared to analysts’ expectations of $80.90 million. During the same period in the previous year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. equities research analysts anticipate that First Commonwealth Financial will post 1.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.32 dividend on an annualized basis and a yield of 2.16%. First Commonwealth Financial’s dividend payout ratio (DPR) is 55.17%.
A number of hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its holdings in shares of First Commonwealth Financial by 130.2% during the fourth quarter. Meeder Asset Management Inc. now owns 8,882 shares of the bank’s stock worth $127,000 after buying an additional 5,023 shares in the last quarter. Algert Global LLC acquired a new stake in shares of First Commonwealth Financial during the third quarter worth $141,000. NEXT Financial Group Inc acquired a new stake in shares of First Commonwealth Financial during the third quarter worth $181,000. Xact Kapitalforvaltning AB acquired a new stake in shares of First Commonwealth Financial during the fourth quarter worth $217,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of First Commonwealth Financial during the third quarter worth $249,000. 68.07% of the stock is owned by hedge funds and other institutional investors.
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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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