First Commonwealth Financial Corporation (NYSE:FCF) Earning Somewhat Favorable Media Coverage, Report Shows
Media headlines about First Commonwealth Financial Corporation (NYSE:FCF) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Commonwealth Financial Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.367035416484 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
FCF has been the topic of several research reports. Zacks Investment Research upgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, August 2nd. Canaccord Genuity upgraded shares of First Commonwealth Financial Corporation from a “speculative buy” rating to a “buy” rating and set a C$4.25 price objective on the stock in a research note on Thursday, June 1st. BidaskClub upgraded shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. FBR & Co reiterated a “hold” rating on shares of First Commonwealth Financial Corporation in a research note on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.21.
First Commonwealth Financial Corporation (NYSE FCF) opened at 12.42 on Friday. First Commonwealth Financial Corporation has a 52-week low of $9.62 and a 52-week high of $14.61. The firm has a 50-day moving average of $12.82 and a 200 day moving average of $13.14. The company has a market cap of $1.21 billion, a PE ratio of 17.54 and a beta of 0.97.
First Commonwealth Financial Corporation (NYSE:FCF) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $76.72 million during the quarter, compared to the consensus estimate of $76.82 million. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. During the same period last year, the firm earned $0.14 EPS. Equities research analysts expect that First Commonwealth Financial Corporation will post $0.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, August 3rd. First Commonwealth Financial Corporation’s payout ratio is 45.07%.
In other First Commonwealth Financial Corporation news, Director Stephen Reid acquired 35,700 shares of First Commonwealth Financial Corporation stock in a transaction dated Thursday, June 1st. The stock was bought at an average cost of $3.35 per share, with a total value of $119,595.00. Insiders have bought a total of 88,444 shares of company stock valued at $271,168 over the last ninety days. 1.72% of the stock is owned by insiders.
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About First Commonwealth Financial Corporation
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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