First Commonwealth Financial - FCF Stock Forecast, Price & News

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. 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 December 31, 2021, the company operated 118 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio; corporate banking centers in Pittsburgh, Pennsylvania, as well as Columbus, Canton, and Cleveland, Ohio; and mortgage banking offices in Wexford, Pennsylvania, and Hudson, Westlake, as well as Lewis Center, Ohio. It also operates 136 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.

First Commonwealth Financial Stock Performance

First Commonwealth Financial stock traded up $0.23 during midday trading on Friday, hitting $15.17. The company's stock had a trading volume of 290,030 shares, compared to its average volume of 399,455. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 11.24 and a beta of 1.01. First Commonwealth Financial has a 1-year low of $12.36 and a 1-year high of $17.63. The company has a 50-day moving average price of $13.89 and a two-hundred day moving average price of $14.64.

First Commonwealth Financial (NYSE:FCF - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The bank reported $0.33 earnings per share for the quarter, meeting analysts' consensus estimates of $0.33. First Commonwealth Financial had a net margin of 32.04% and a return on equity of 11.74%. During the same period in the prior year, the business earned $0.31 earnings per share. As a group, sell-side analysts predict that First Commonwealth Financial will post 1.41 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, August 4th. First Commonwealth Financial's dividend payout ratio (DPR) is currently 35.56%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FCF shares. Stephens downgraded First Commonwealth Financial from an "overweight" rating to an "equal weight" rating and set a $15.50 price target for the company. in a report on Wednesday, August 3rd. DA Davidson reaffirmed a "buy" rating on shares of First Commonwealth Financial in a report on Wednesday, July 27th. B. Riley increased their price target on shares of First Commonwealth Financial from $16.00 to $17.00 in a report on Monday, August 1st. Finally, Raymond James boosted their price objective on First Commonwealth Financial from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.13.