First Commonwealth Financial (NYSE:FCF) Director Purchases $18,580.00 in Stock
by Renee Jackson · The Cerbat GemFirst Commonwealth Financial Corporation (NYSE:FCF – Get Free Report) Director Todd Brice bought 1,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average cost of $18.58 per share, with a total value of $18,580.00. Following the completion of the purchase, the director directly owned 14,500 shares in the company, valued at $269,410. This represents a 7.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
First Commonwealth Financial Stock Up 0.0%
FCF traded up $0.01 on Monday, hitting $18.47. 762,319 shares of the company were exchanged, compared to its average volume of 862,730. First Commonwealth Financial Corporation has a twelve month low of $15.00 and a twelve month high of $19.14. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 12.23 and a beta of 0.75. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $17.86 and a two-hundred day moving average price of $17.26.
First Commonwealth Financial (NYSE:FCF – Get Free Report) last released its earnings results on Tuesday, April 28th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). First Commonwealth Financial had a return on equity of 10.56% and a net margin of 21.19%.The company had revenue of $133.70 million for the quarter, compared to analyst estimates of $134.32 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities analysts predict that First Commonwealth Financial Corporation will post 1.71 earnings per share for the current year.
First Commonwealth Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.14 per share. This is a positive change from First Commonwealth Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.56 dividend on an annualized basis and a yield of 3.0%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 37.09%.
Institutional Investors Weigh In On First Commonwealth Financial
Several hedge funds and other institutional investors have recently bought and sold shares of FCF. EverSource Wealth Advisors LLC lifted its holdings in shares of First Commonwealth Financial by 2,250.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the bank’s stock valued at $42,000 after purchasing an additional 2,498 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of First Commonwealth Financial in the 4th quarter valued at about $51,000. TD Private Client Wealth LLC lifted its holdings in shares of First Commonwealth Financial by 20.7% in the 4th quarter. TD Private Client Wealth LLC now owns 3,621 shares of the bank’s stock valued at $61,000 after purchasing an additional 621 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of First Commonwealth Financial in the 3rd quarter valued at about $85,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of First Commonwealth Financial by 58.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 5,285 shares of the bank’s stock valued at $91,000 after purchasing an additional 1,950 shares during the last quarter. 72.58% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Raymond James Financial set a $20.00 target price on First Commonwealth Financial and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Commonwealth Financial in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of First Commonwealth Financial from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, First Commonwealth Financial has a consensus rating of “Moderate Buy” and a consensus target price of $20.33.
View Our Latest Research Report on First Commonwealth Financial
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, headquartered in Indiana, Pennsylvania, is a bank holding company whose primary subsidiary is First Commonwealth Bank. Established in 1889 as Indiana National Bank, the company has grown through a combination of organic expansion and strategic acquisitions to build a diversified platform of commercial banking, retail banking and wealth management services.
First Commonwealth offers a comprehensive suite of financial products, including deposit accounts, personal and business lending solutions, mortgage origination and servicing, treasury management, and trust and investment services.