Media headlines about First Commonwealth Financial (NYSE:FCF) have been trending somewhat positive recently, according to AlphaOne. The research group, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Commonwealth Financial earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also assigned media coverage about the bank an impact score of 16 out of 100, indicating that recent news coverage is very unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Alpha One Sentiment Analysis’s analysis:
FCF has been the subject of several recent analyst reports. Zacks Investment Research raised shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, March 28th. Canaccord Genuity raised shares of First Commonwealth Financial from a “speculative buy” rating to a “buy” rating and set a C$4.25 price target for the company in a research note on Thursday, June 1st. FBR & Co reissued a “hold” rating on shares of First Commonwealth Financial in a research note on Wednesday, April 26th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$4.50 price target on shares of First Commonwealth Financial in a research note on Wednesday, March 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $8.67.
Shares of First Commonwealth Financial (NYSE FCF) traded up 2.32% during midday trading on Thursday, hitting $12.77. 867,570 shares of the stock were exchanged. The firm has a market cap of $1.14 billion, a PE ratio of 18.01 and a beta of 0.96. First Commonwealth Financial has a 52-week low of $8.46 and a 52-week high of $14.61. The firm’s 50-day moving average is $12.74 and its 200 day moving average is $13.37.
First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, April 25th. The bank reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. First Commonwealth Financial had a net margin of 21.11% and a return on equity of 8.27%. The firm had revenue of $68.76 million during the quarter, compared to analyst estimates of $69.45 million. During the same period last year, the firm posted $0.14 earnings per share. On average, analysts forecast that First Commonwealth Financial will post $0.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Wednesday, May 3rd. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 47.76%.
In other First Commonwealth Financial news, Director Bart E. Johnson bought 3,267 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average cost of $12.88 per share, with a total value of $42,078.96. Following the completion of the acquisition, the director now owns 52,220 shares in the company, valued at approximately $672,593.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Reid bought 35,700 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was acquired at an average cost of $3.35 per share, with a total value of $119,595.00. Over the last three months, insiders purchased 98,270 shares of company stock valued at $360,774. 1.58% of the stock is currently owned by insiders.
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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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