News articles about First Commonwealth Financial (NYSE:FCF) have trended somewhat positive recently, according to Alpha One Sentiment Analysis. The research group, a subsidiary of Accern, ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Commonwealth Financial earned a news impact score of 0.02 on Alpha One’s scale. Alpha One also gave media coverage about the bank an impact score of 40 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected AlphaOne Sentiment’s analysis:
Shares of First Commonwealth Financial (NYSE:FCF) traded up 2.90% on Friday, reaching $13.14. 1,589,759 shares of the company were exchanged. The firm’s 50 day moving average price is $12.75 and its 200 day moving average price is $13.37. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 18.53 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.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, April 25th. The bank reported $0.18 EPS for the quarter, beating 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 business had revenue of $68.76 million during the quarter, compared to analysts’ expectations of $69.45 million. During the same period in the previous year, the business posted $0.14 EPS. Equities research analysts anticipate that First Commonwealth Financial will post $0.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, May 3rd. First Commonwealth Financial’s dividend payout ratio is currently 47.76%.
A number of analysts have weighed in on FCF shares. Canaccord Genuity upgraded 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 report on Thursday, June 1st. Zacks Investment Research downgraded First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. FBR & Co reaffirmed a “hold” rating on shares of First Commonwealth Financial in a report on Wednesday, April 26th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$4.50 price target on shares of First Commonwealth Financial in a research report on Wednesday, March 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. First Commonwealth Financial has an average rating of “Buy” and a consensus price target of $8.67.
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In other First Commonwealth Financial news, Director Stephen Reid purchased 30,000 shares of First Commonwealth Financial stock in a transaction dated Tuesday, April 18th. The shares were acquired at an average price of $3.36 per share, with a total value of $100,800.00. Also, Director Bart E. Johnson bought 3,267 shares of First Commonwealth Financial stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average cost of $12.88 per share, for a total transaction of $42,078.96. Following the acquisition, the director now owns 52,220 shares of the company’s stock, valued at $672,593.60. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 101,270 shares of company stock valued at $369,774. Company insiders own 1.58% of the company’s stock.
First Commonwealth Financial Company Profile
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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