Shares of First Commonwealth Financial Corp. (NYSE:FCF) have been given an average rating of “Hold” by the six brokerages that are covering the company. Six research analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.50.

Several equities research analysts have recently weighed in on FCF shares. Zacks Investment Research raised First Commonwealth Financial Corp. from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Wednesday, October 5th. Keefe, Bruyette & Woods cut their target price on First Commonwealth Financial Corp. from $10.00 to $9.50 and set a “market perform” rating on the stock in a research report on Wednesday, September 21st. Finally, FBR & Co raised their target price on First Commonwealth Financial Corp. from $9.50 to $10.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th.

Shares of First Commonwealth Financial Corp. (NYSE:FCF) opened at 11.55 on Friday. The firm has a 50-day moving average price of $10.04 and a 200 day moving average price of $9.62. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 19.91 and a beta of 0.85. First Commonwealth Financial Corp. has a 52-week low of $7.85 and a 52-week high of $11.59.

First Commonwealth Financial Corp. (NYSE:FCF) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. First Commonwealth Financial Corp. had a return on equity of 7.43% and a net margin of 18.77%. During the same period in the previous year, the firm posted $0.14 earnings per share. Analysts expect that First Commonwealth Financial Corp. will post $0.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, November 7th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, November 3rd. First Commonwealth Financial Corp.’s dividend payout ratio (DPR) is 48.28%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. raised its position in First Commonwealth Financial Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 11,085 shares of the company’s stock valued at $102,000 after buying an additional 440 shares during the period. Amalgamated Bank purchased a new position in First Commonwealth Financial Corp. during the second quarter valued at approximately $104,000. Citadel Advisors LLC raised its position in First Commonwealth Financial Corp. by 1.4% in the second quarter. Citadel Advisors LLC now owns 12,173 shares of the company’s stock valued at $112,000 after buying an additional 171 shares during the period. Teacher Retirement System of Texas raised its position in First Commonwealth Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,439 shares of the company’s stock valued at $114,000 after buying an additional 1,506 shares during the period. Finally, KCG Holdings Inc. purchased a new position in First Commonwealth Financial Corp. during the third quarter valued at approximately $126,000. 60.70% of the stock is currently owned by institutional investors.

About First Commonwealth Financial Corp.

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.

5 Day Chart for NYSE:FCF

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