Insider Buying: First Commonwealth Financial (NYSE:FCF) Director Purchases 1,000 Shares of Stock

First Commonwealth Financial Corporation (NYSE:FCF) Director Todd Brice acquired 1,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $15.27 per share, for a total transaction of $15,270.00. Following the acquisition, the director owned 12,500 shares of the company’s stock, valued at approximately $190,875. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Commonwealth Financial Stock Performance

Shares of NYSE FCF traded up $0.16 during mid-day trading on Monday, hitting $15.45. The stock had a trading volume of 1,057,131 shares, compared to its average volume of 669,417. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.93 and a current ratio of 0.94. The company has a 50 day moving average of $16.97 and a two-hundred day moving average of $16.40. First Commonwealth Financial Corporation has a twelve month low of $13.54 and a twelve month high of $19.96. The firm has a market cap of $1.62 billion, a PE ratio of 11.20 and a beta of 0.82.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $135.96 million during the quarter, compared to analyst estimates of $136.30 million. First Commonwealth Financial had a net margin of 20.00% and a return on equity of 10.12%. During the same period in the prior year, the company posted $0.31 earnings per share. Research analysts predict that First Commonwealth Financial Corporation will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a $0.135 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.5%. First Commonwealth Financial’s dividend payout ratio is presently 39.13%.

Institutional Trading of First Commonwealth Financial

A number of institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Commonwealth Financial by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,680 shares of the bank’s stock worth $337,000 after purchasing an additional 2,088 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of First Commonwealth Financial by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 576,222 shares of the bank’s stock valued at $8,954,000 after purchasing an additional 18,825 shares during the last quarter. D.A. Davidson & CO. lifted its position in First Commonwealth Financial by 26.0% in the first quarter. D.A. Davidson & CO. now owns 23,815 shares of the bank’s stock valued at $370,000 after buying an additional 4,911 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in First Commonwealth Financial by 52.5% in the first quarter. Envestnet Asset Management Inc. now owns 41,877 shares of the bank’s stock valued at $651,000 after buying an additional 14,419 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in First Commonwealth Financial in the first quarter valued at about $163,000. 72.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FCF has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Commonwealth Financial in a research note on Wednesday, October 8th. DA Davidson lowered First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Zacks Research lowered First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Wall Street Zen raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Commonwealth Financial has a consensus rating of “Moderate Buy” and an average target price of $19.63.

About First Commonwealth Financial

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.