News headlines about First Commonwealth Financial (NYSE:FCF) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Commonwealth Financial earned a news sentiment score of 0.07 on AlphaOne’s scale. AlphaOne also gave press coverage about the bank an impact score of 17 out of 100, indicating that recent press coverage is very unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted AlphaOne’s rankings:
First Commonwealth Financial (FCF) opened at 12.48 on Thursday. The stock has a market cap of $1.11 billion, a PE ratio of 17.60 and a beta of 0.96. The stock has a 50 day moving average price of $12.74 and a 200 day moving average price of $13.37. First Commonwealth Financial has a 1-year low of $8.46 and a 1-year high of $14.61.
First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Tuesday, April 25th. The bank reported $0.18 earnings per share 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 business had revenue of $68.76 million during the quarter, compared to the consensus estimate of $69.45 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. On average, analysts predict that First Commonwealth Financial will post $0.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.56%. First Commonwealth Financial’s dividend payout ratio (DPR) is 47.76%.
Several equities research analysts have commented on FCF shares. Zacks Investment Research downgraded First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$4.50 target price on shares of First Commonwealth Financial in a report on Wednesday, March 1st. FBR & Co reissued a “hold” rating on shares of First Commonwealth Financial in a report on Wednesday, April 26th. Finally, Canaccord Genuity cut First Commonwealth Financial from a “buy” rating to a “speculative buy” rating and decreased their price target for the stock from C$4.50 to C$4.25 in a research note on Monday, May 8th. 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 has a consensus rating of “Buy” and an average price target of $8.67.
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In other First Commonwealth Financial news, Director Stephen Reid bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The stock was acquired at an average price of $3.38 per share, for a total transaction of $50,700.00. Also, Director Bart E. Johnson bought 3,267 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were acquired at an average price of $12.88 per share, with a total value of $42,078.96. Following the purchase, the director now directly owns 52,220 shares of the company’s stock, valued at approximately $672,593.60. The disclosure for this purchase can be found here. Insiders have bought 98,270 shares of company stock valued at $360,774 in the last quarter. Insiders own 1.58% of the company’s stock.
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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