NYSE:FCFFirst Commonwealth Financial Stock Price, Forecast & News

$8.18

-0.28 (-3.31 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$8.01

Now: $8.18▼

$8.31

50-Day Range

$7.07

MA: $8.51▼

$9.98

52-Week Range

$6.77

Now: $8.18▼

$14.93

Volume406,440 shs

Average Volume505,215 shs

Market Capitalization$802.79 million

P/E Ratio9.40

Dividend Yield5.38%

Beta1.14

First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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. The company's commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. As of March 4, 2019, the company operated 137 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio. It also leases 3 mortgage loan production offices and 3 corporate loan production offices, as well as operates a network of 150 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
First Commonwealth Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.25, First Commonwealth Financial has a potential upside of 13.1% from its current price of $8.18.
Amount of Analyst Coverage
First Commonwealth Financial has only been the subject of 4 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
First Commonwealth Financial has received 253 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Commonwealth Financial has received 378 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Commonwealth Financial has received 59.90% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Commonwealth Financial and other stocks. Vote “Outperform” if you believe FCF will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FCF will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
First Commonwealth Financial is a leading dividend payer. It pays a dividend yield of 5.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Commonwealth Financial has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of First Commonwealth Financial is 40.00 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Commonwealth Financial will have a dividend payout ratio of 58.67 % next year. This indicates that First Commonwealth Financial will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Commonwealth Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $67,362.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.53% of the stock of First Commonwealth Financial is held by insiders.
Percentage Held by Institutions
68.03% of the stock of First Commonwealth Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for First Commonwealth Financial are expected to grow by 17.19% in the coming year, from $0.64 to $0.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Commonwealth Financial is 9.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Commonwealth Financial is 9.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.53.
Price to Book Value per Share Ratio
First Commonwealth Financial has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.77 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FCF

Previous Symbol

CUSIP31982910

CIK712537

Webwww.fcbanking.com

Phone724-349-7220

Debt

Debt-to-Equity Ratio0.22

Current Ratio0.90

Quick Ratio0.90

Price-To-Earnings

Trailing P/E Ratio9.40

Forward P/E Ratio12.78

P/E GrowthN/A

Sales & Book Value

Annual Sales$410.75 million

Price / Sales1.95

Cash Flow$1.25 per share

Price / Cash Flow6.57

Book Value$10.78 per share

Price / Book0.76

Profitability

EPS (Most Recent Fiscal Year)$1.10

Net Income$105.33 million

Net Margins20.80%

Return on Equity8.46%

Return on Assets1.07%

Miscellaneous

Employees1,571

Outstanding Shares98,140,000

Market Cap$802.79 million

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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First Commonwealth Financial (NYSE:FCF) Frequently Asked Questions

How has First Commonwealth Financial's stock been impacted by COVID-19 (Coronavirus)?

First Commonwealth Financial's stock was trading at $9.60 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FCF shares have decreased by 14.8% and is now trading at $8.18. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Commonwealth Financial?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Commonwealth Financial in the last year. There are currently 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Commonwealth Financial.

When is First Commonwealth Financial's next earnings date?

First Commonwealth Financial is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for First Commonwealth Financial.

How were First Commonwealth Financial's earnings last quarter?

First Commonwealth Financial (NYSE:FCF) issued its earnings results on Tuesday, April, 28th. The bank reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by $0.14. The bank earned $87 million during the quarter, compared to analysts' expectations of $89.07 million. First Commonwealth Financial had a net margin of 20.80% and a return on equity of 8.46%. During the same period in the prior year, the business earned $0.25 EPS. View First Commonwealth Financial's earnings history.

How often does First Commonwealth Financial pay dividends? What is the dividend yield for First Commonwealth Financial?

First Commonwealth Financial announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, May 8th will be paid a dividend of $0.11 per share on Friday, May 22nd. This represents a $0.44 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Thursday, May 7th. View First Commonwealth Financial's dividend history.

How will First Commonwealth Financial's stock buyback program work?

First Commonwealth Financial declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 23rd 2018, which authorizes the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 1.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

What price target have analysts set for FCF?

5 analysts have issued 12-month price objectives for First Commonwealth Financial's shares. Their forecasts range from $9.00 to $10.00. On average, they expect First Commonwealth Financial's stock price to reach $9.25 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price. View analysts' price targets for First Commonwealth Financial.

Has First Commonwealth Financial been receiving favorable news coverage?

Headlines about FCF stock have trended somewhat negative on Sunday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Commonwealth Financial earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutFirst Commonwealth Financial.

Are investors shorting First Commonwealth Financial?

First Commonwealth Financial saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,510,000 shares, a drop of 5.3% from the April 15th total of 2,650,000 shares. Based on an average daily volume of 525,100 shares, the days-to-cover ratio is presently 4.8 days. Currently, 2.6% of the shares of the stock are short sold. View First Commonwealth Financial's Current Options Chain.

Who are some of First Commonwealth Financial's key competitors?

Some companies that are related to First Commonwealth Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of First Commonwealth Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Commonwealth Financial investors own include Energy Transfer LP Unit (ET), Intelsat (I), Bank of America (BAC), Cypress Semiconductor (CY), AMC Entertainment (AMC), Apollo Global Management (APO), Ciena (CIEN), Ford Motor (F), Fossil Group (FOSL) and Builders FirstSource (BLDR).

Who are First Commonwealth Financial's key executives?

First Commonwealth Financial's management team includes the following people:

Mr. Thomas Michael Price, Pres, CEO & Director (Age 56)
Mr. James R. Reske CFA, Exec. VP, CFO & Treasurer (Age 55)
Mr. Matthew C. Tomb, Exec. VP, Chief Risk Officer, Gen. Counsel & Sec. (Age 42)
Ms. Jane Grebenc, Exec. VP & Chief Revenue Officer (Age 60)
Mr. Brian G. Karrip, Chief Credit Officer & Exec. VP (Age 58)

What is First Commonwealth Financial's stock symbol?

First Commonwealth Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "FCF."

Who are First Commonwealth Financial's major shareholders?

First Commonwealth Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.66%), State Street Corp (3.48%), Victory Capital Management Inc. (2.21%), Victory Capital Management Inc. (2.21%), JPMorgan Chase & Co. (2.09%) and Invesco Ltd. (1.60%). Company insiders that own First Commonwealth Financial stock include Luke A Latimer, Matthew C Tomb, Ray T Charley and Stephen A Wolfe. View institutional ownership trends for First Commonwealth Financial.

Which major investors are selling First Commonwealth Financial stock?

FCF stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Nuveen Asset Management LLC, UBS Group AG, Citigroup Inc., Bank of New York Mellon Corp, Victory Capital Management Inc., and Victory Capital Management Inc.. View insider buying and selling activity for First Commonwealth Financial.

Which major investors are buying First Commonwealth Financial stock?

FCF stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, State Street Corp, JPMorgan Chase & Co., Fuller & Thaler Asset Management Inc., Geode Capital Management LLC, BNP Paribas Arbitrage SA, Two Sigma Advisers LP, and Magnus Financial Group LLC. Company insiders that have bought First Commonwealth Financial stock in the last two years include Luke A Latimer, Matthew C Tomb, Ray T Charley, and Stephen A Wolfe. View insider buying and selling activity for First Commonwealth Financial.

How do I buy shares of First Commonwealth Financial?

Shares of FCF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Commonwealth Financial's stock price today?

One share of FCF stock can currently be purchased for approximately $8.18.

How big of a company is First Commonwealth Financial?

First Commonwealth Financial has a market capitalization of $802.79 million and generates $410.75 million in revenue each year. The bank earns $105.33 million in net income (profit) each year or $1.10 on an earnings per share basis. First Commonwealth Financial employs 1,571 workers across the globe.

What is First Commonwealth Financial's official website?

The official website for First Commonwealth Financial is www.fcbanking.com.

How can I contact First Commonwealth Financial?

First Commonwealth Financial's mailing address is 601 PHILADELPHIA STREET, INDIANA PA, 15701. The bank can be reached via phone at 724-349-7220 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff