First Commonwealth Financial (NYSE:FCF) Stock Price Passes Above 200-Day Moving Average - Here's Why

First Commonwealth Financial Corporation (NYSE:FCF - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.92 and traded as high as $16.32. First Commonwealth Financial shares last traded at $16.29, with a volume of 460,467 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FCF shares. Wall Street Zen lowered First Commonwealth Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada cut their target price on First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods lowered their price target on First Commonwealth Financial from $19.00 to $18.00 and set a "market perform" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, First Commonwealth Financial presently has an average rating of "Hold" and an average target price of $18.90.

First Commonwealth Financial Stock Down 0.6%

The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $16.20 and a 200-day simple moving average of $15.92. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 12.61 and a beta of 0.81.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. First Commonwealth Financial had a return on equity of 9.71% and a net margin of 18.94%. The company had revenue of $131.33 million during the quarter, compared to analyst estimates of $125.88 million. During the same quarter in the previous year, the firm posted $0.37 EPS. As a group, analysts predict that First Commonwealth Financial Corporation will post 1.45 EPS for the current year.

First Commonwealth Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.135 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.54 annualized dividend and a dividend yield of 3.3%. First Commonwealth Financial's dividend payout ratio is 40.30%.

Insider Buying and Selling at First Commonwealth Financial

In other news, Director Todd D. Brice acquired 7,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $16.09 per share, for a total transaction of $112,630.00. Following the completion of the acquisition, the director directly owned 10,500 shares in the company, valued at $168,945. This represents a 200.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.17% of the stock is currently owned by company insiders.

Institutional Trading of First Commonwealth Financial

Institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of First Commonwealth Financial by 2,911.4% in the first quarter. US Bancorp DE now owns 2,379 shares of the bank's stock valued at $37,000 after buying an additional 2,300 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of First Commonwealth Financial by 815.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,187 shares of the bank's stock valued at $54,000 after buying an additional 2,839 shares during the period. GAMMA Investing LLC lifted its holdings in shares of First Commonwealth Financial by 109.6% in the second quarter. GAMMA Investing LLC now owns 4,438 shares of the bank's stock valued at $72,000 after buying an additional 2,321 shares during the period. CWM LLC lifted its holdings in shares of First Commonwealth Financial by 73.6% during the first quarter. CWM LLC now owns 7,932 shares of the bank's stock valued at $123,000 after purchasing an additional 3,362 shares during the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in shares of First Commonwealth Financial by 128.9% during the fourth quarter. Aquatic Capital Management LLC now owns 8,011 shares of the bank's stock valued at $136,000 after purchasing an additional 4,511 shares during the last quarter. Institutional investors and hedge funds own 72.58% of the company's stock.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.