Analysts Set First Commonwealth Financial Co. (NYSE:FCF) Price Target at $19.58

First Commonwealth Financial Co. (NYSE:FCF) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.58.

Several equities research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens reaffirmed an “overweight” rating and set a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Institutional Trading of First Commonwealth Financial

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in First Commonwealth Financial by 2,572.6% during the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,595 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of First Commonwealth Financial in the fourth quarter worth approximately $42,000. Wilmington Savings Fund Society FSB purchased a new position in First Commonwealth Financial during the 3rd quarter valued at $46,000. Sterling Capital Management LLC boosted its holdings in First Commonwealth Financial by 815.8% during the 4th quarter. Sterling Capital Management LLC now owns 3,187 shares of the bank’s stock valued at $54,000 after acquiring an additional 2,839 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank’s stock valued at $57,000 after acquiring an additional 2,154 shares during the last quarter. 72.58% of the stock is currently owned by institutional investors.

First Commonwealth Financial Trading Up 0.3 %

NYSE:FCF opened at $15.48 on Tuesday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 11.14 and a beta of 0.84. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average price is $16.38 and its 200-day moving average price is $17.08. First Commonwealth Financial has a 52 week low of $12.41 and a 52 week high of $19.96.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. On average, equities research analysts forecast that First Commonwealth Financial will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial’s dividend payout ratio is presently 37.41%.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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.