First Commonwealth Financial (NYSE:FCF) Sees Unusually-High Trading Volume

First Commonwealth Financial Co. (NYSE:FCF) shares saw unusually-high trading volume on Thursday . Approximately 491,299 shares changed hands during trading, an increase of 3% from the previous session’s volume of 476,554 shares.The stock last traded at $16.88 and had previously closed at $16.64.

Wall Street Analysts Forecast Growth

FCF has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of First Commonwealth Financial in a report on Tuesday, April 9th. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 25th.

First Commonwealth Financial Trading Down 0.8 %

The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.69 billion, a P/E ratio of 10.34 and a beta of 0.85. The business has a 50-day moving average price of $13.75 and a two-hundred day moving average price of $13.70.

First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $116.60 million during the quarter, compared to the consensus estimate of $119.80 million. First Commonwealth Financial had a return on equity of 12.89% and a net margin of 24.96%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, analysts expect that First Commonwealth Financial Co. will post 1.38 EPS for the current fiscal year.

First Commonwealth Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were paid a $0.13 dividend. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.52 annualized dividend and a dividend yield of 3.15%. First Commonwealth Financial’s dividend payout ratio is presently 32.30%.

Institutional Investors Weigh In On First Commonwealth Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Buckingham Capital Management Inc. lifted its position in shares of First Commonwealth Financial by 54.9% during the 2nd quarter. Buckingham Capital Management Inc. now owns 45,355 shares of the bank’s stock valued at $626,000 after acquiring an additional 16,082 shares during the period. CWM LLC grew its stake in shares of First Commonwealth Financial by 451.1% in the 2nd quarter. CWM LLC now owns 1,995 shares of the bank’s stock worth $28,000 after acquiring an additional 1,633 shares in the last quarter. Somerset Trust Co bought a new stake in shares of First Commonwealth Financial in the 2nd quarter worth $248,000. Boston Partners grew its stake in shares of First Commonwealth Financial by 67.9% in the 1st quarter. Boston Partners now owns 94,123 shares of the bank’s stock worth $1,310,000 after acquiring an additional 38,068 shares in the last quarter. Finally, EMC Capital Management grew its position in First Commonwealth Financial by 28.6% during the first quarter. EMC Capital Management now owns 15,823 shares of the bank’s stock valued at $220,000 after buying an additional 3,523 shares during the period. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.