First Commonwealth Financial Corporation (FCF) Cut to “Sell” at BidaskClub

BidaskClub cut shares of First Commonwealth Financial Corporation (NYSE:FCF) from a hold rating to a sell rating in a report published on Thursday, July 27th.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada began coverage on shares of First Commonwealth Financial Corporation in a research report on Monday, July 17th. They issued an outperform rating and a $14.00 price target on the stock. Zacks Investment Research cut shares of First Commonwealth Financial Corporation from a buy rating to a hold rating in a research report on Monday, July 3rd. Canaccord Genuity raised shares of First Commonwealth Financial Corporation from a speculative buy rating to a buy rating and set a C$4.25 price objective for the company in a research note on Thursday, June 1st. Finally, FBR & Co reaffirmed a hold rating on shares of First Commonwealth Financial Corporation in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. First Commonwealth Financial Corporation currently has an average rating of Buy and an average price target of $9.57.

First Commonwealth Financial Corporation (FCF) traded up 0.08% during trading on Thursday, reaching $12.83. 218,376 shares of the company’s stock were exchanged. The company has a market cap of $1.25 billion, a P/E ratio of 18.12 and a beta of 0.97. First Commonwealth Financial Corporation has a 12-month low of $9.62 and a 12-month high of $14.61. The stock’s 50-day moving average is $12.82 and its 200-day moving average is $13.17.

First Commonwealth Financial Corporation (NYSE:FCF) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. The company had revenue of $76.72 million for the quarter, compared to analysts’ expectations of $76.82 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. Analysts predict that First Commonwealth Financial Corporation will post $0.80 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/first-commonwealth-financial-corporation-fcf-lowered-to-sell-at-bidaskclub-updated/1314499.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.49%. First Commonwealth Financial Corporation’s dividend payout ratio is presently 45.07%.

In other news, Director Stephen Reid bought 35,700 shares of First Commonwealth Financial Corporation stock in a transaction on Thursday, June 1st. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $119,595.00. Insiders acquired 88,444 shares of company stock valued at $271,168 over the last quarter. 1.72% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in First Commonwealth Financial Corporation by 0.5% in the first quarter. IFP Advisors Inc now owns 20,404 shares of the bank’s stock valued at $271,000 after buying an additional 106 shares during the period. State of Alaska Department of Revenue increased its position in First Commonwealth Financial Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 9,820 shares of the bank’s stock valued at $130,000 after buying an additional 190 shares during the period. Municipal Employees Retirement System of Michigan increased its position in First Commonwealth Financial Corporation by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,330 shares of the bank’s stock valued at $270,000 after buying an additional 260 shares during the period. Louisiana State Employees Retirement System increased its position in First Commonwealth Financial Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the bank’s stock valued at $481,000 after buying an additional 500 shares during the period. Finally, Arizona State Retirement System increased its position in First Commonwealth Financial Corporation by 1.1% in the first quarter. Arizona State Retirement System now owns 46,338 shares of the bank’s stock valued at $614,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 60.19% of the company’s stock.

First Commonwealth Financial Corporation 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.

Analyst Recommendations for First Commonwealth Financial Corporation (NYSE:FCF)

Receive News & Ratings for First Commonwealth Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Commonwealth Financial Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.