News articles about First Commonwealth Financial (NYSE:FCF) have trended somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Commonwealth Financial earned a coverage optimism score of 0.10 on AlphaOne’s scale. AlphaOne also gave news headlines about the bank an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near future.
Shares of First Commonwealth Financial (NYSE:FCF) opened at 12.57 on Wednesday. The firm’s 50-day moving average price is $12.83 and its 200 day moving average price is $13.28. First Commonwealth Financial has a 12-month low of $8.46 and a 12-month high of $14.61. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 17.73 and a beta of 0.96.
First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, April 25th. The bank reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $68.76 million during the quarter, compared to analysts’ expectations of $69.45 million. During the same period last year, the company posted $0.14 earnings per share. On average, analysts predict that First Commonwealth Financial will post $0.77 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were issued a $0.08 dividend. The ex-dividend date was Wednesday, May 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.55%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 47.76%.
FCF has been the subject of a number of research reports. Zacks Investment Research cut First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. FBR & Co reiterated a “hold” rating on shares of First Commonwealth Financial in a research report on Wednesday, April 26th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$4.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, March 1st. Finally, Canaccord Genuity reduced their price objective on First Commonwealth Financial from C$4.50 to C$4.25 and set a “speculative buy” rating for the company in a research report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.67.
In other First Commonwealth Financial news, Director Stephen Reid purchased 15,000 shares of the stock in a transaction dated Tuesday, March 28th. The shares were acquired at an average cost of $3.38 per share, for a total transaction of $50,700.00. Also, Director Bart E. Johnson purchased 3,267 shares of the stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $12.88 per share, for a total transaction of $42,078.96. Following the completion of the transaction, the director now directly owns 52,220 shares of the company’s stock, valued at $672,593.60. The disclosure for this purchase can be found here. Insiders bought 63,570 shares of company stock worth $246,729 over the last quarter. Company 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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