News articles about First Commonwealth Financial (NYSE:FCF) have been trending somewhat positive on Monday, according to Alpha One Sentiment Analysis. The research firm, a subsidiary 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 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 0.22 on Alpha One’s scale. Alpha One also assigned news stories about the bank an impact score of 25 out of 100, indicating that recent news coverage is very unlikely to have an impact on the company’s share price in the immediate future.
Shares of First Commonwealth Financial (NYSE FCF) opened at 12.44 on Monday. First Commonwealth Financial has a 52-week low of $8.46 and a 52-week high of $14.61. The stock has a market capitalization of $1.11 billion, a PE ratio of 17.55 and a beta of 0.96. The firm has a 50-day moving average of $12.76 and a 200 day moving average of $13.35.
First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, April 25th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $68.76 million during the quarter, compared to the consensus estimate of $69.45 million. First Commonwealth Financial had a net margin of 21.11% and a return on equity of 8.27%. During the same quarter in the prior year, the company earned $0.14 EPS. Equities research analysts forecast that First Commonwealth Financial will post $0.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were given a $0.08 dividend. 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 dividend payout ratio (DPR) is 47.76%.
A number of analysts have recently weighed in on FCF shares. Zacks Investment Research downgraded shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th. Canaccord Genuity cut shares of First Commonwealth Financial from a “buy” rating to a “speculative buy” rating and dropped their price target for the stock from C$4.50 to C$4.25 in a research note on Monday, May 8th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$4.50 price target on shares of First Commonwealth Financial in a research note on Wednesday, March 1st. Finally, FBR & Co reaffirmed a “hold” rating on shares of First Commonwealth Financial in a research note on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock 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 bought 15,000 shares of First Commonwealth Financial stock in a transaction dated Tuesday, March 28th. The stock was bought at an average cost of $3.38 per share, for a total transaction of $50,700.00. Also, Director Bart E. Johnson bought 3,267 shares of First Commonwealth Financial 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 completion of the purchase, the director now owns 52,220 shares in the company, valued at approximately $672,593.60. The disclosure for this purchase can be found here. Insiders acquired 97,270 shares of company stock valued at $357,734 in the last ninety days. 1.58% of the stock is owned by corporate insiders.
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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