Media stories about First Commonwealth Financial (NYSE:FCF) have trended somewhat positive recently, Alpha One Sentiment reports. The research firm, a unit of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Commonwealth Financial earned a news impact score of 0.05 on Alpha One’s scale. Alpha One also gave media stories about the bank an impact score of 95 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near term.
A number of brokerages have recently commented on FCF. Canaccord Genuity dropped their price target on First Commonwealth Financial from C$4.50 to C$4.25 and set a “speculative buy” rating on the stock in a research report on Monday, May 15th. 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 report on Wednesday, March 1st. Zacks Investment Research cut First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, FBR & Co reaffirmed a “hold” rating on shares of First Commonwealth Financial in a research report on Wednesday, April 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.67.
First Commonwealth Financial (NYSE:FCF) traded down 0.87% during trading on Monday, reaching $12.47. The company had a trading volume of 262,357 shares. First Commonwealth Financial has a 12-month low of $8.46 and a 12-month high of $14.61. The stock has a 50 day moving average of $12.80 and a 200-day moving average of $13.26. The stock has a market capitalization of $1.11 billion, a P/E ratio of 17.59 and a beta of 0.96.
First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings data on Tuesday, April 25th. The bank reported $0.18 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $69.45 million. During the same period in the prior year, the business posted $0.14 EPS. On average, analysts forecast that First Commonwealth Financial will post $0.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.57%. The ex-dividend date was Wednesday, May 3rd. First Commonwealth Financial’s payout ratio is currently 47.76%.
In other First Commonwealth Financial news, Director Stephen Reid bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were purchased at an average cost of $3.44 per share, with a total value of $34,400.00. Also, Director Bart E. Johnson bought 3,267 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average cost of $12.88 per share, for a total transaction of $42,078.96. Following the completion of the purchase, the director now owns 52,220 shares in the company, valued at $672,593.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 63,570 shares of company stock worth $246,729. 1.58% of the stock is 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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