First Commonwealth Financial Stock Forecast, Price & News

First Commonwealth Financial's stock was trading at $9.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FCF stock has decreased by 25.4% and is now trading at $7.16.
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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.

First Commonwealth Financial is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for First Commonwealth Financial.

First Commonwealth Financial (NYSE:FCF) released its earnings results on Tuesday, July, 28th. The bank reported $0.24 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.09 by $0.15. The bank earned $88.86 million during the quarter, compared to analysts' expectations of $87.56 million. First Commonwealth Financial had a return on equity of 8.02% and a net margin of 20.32%. The business's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share.
View First Commonwealth Financial's earnings history.

First Commonwealth Financial declared a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be given a dividend of $0.11 per share on Friday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Thursday, August 6th.
View First Commonwealth Financial's dividend history.

First Commonwealth Financial declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 23rd 2018, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 1.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

5 Wall Street analysts have issued 12-month price targets 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 29.2% from the stock's current price.
View analysts' price targets for First Commonwealth Financial.

First Commonwealth Financial saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,030,000 shares, a decline of 21.0% from the August 15th total of 2,570,000 shares. Based on an average daily trading volume, of 671,400 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.1% of the shares of the stock are sold short.
View First Commonwealth Financial's Short Interest.

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

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

First Commonwealth Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.14%), Charles Schwab Investment Management Inc. (1.56%), Bank of New York Mellon Corp (1.54%), Victory Capital Management Inc. (1.51%), Goldman Sachs Group Inc. (1.00%) and LSV Asset Management (0.88%). 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.

FCF stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., First Trust Advisors LP, Federated Hermes Inc., Nuveen Asset Management LLC, Goldman Sachs Group Inc., LSV Asset Management, Snow Capital Management LP, and Vanguard Group Inc..
View insider buying and selling activity for First Commonwealth Financial.

FCF stock was purchased by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Bridgeway Capital Management Inc., Nordea Investment Management AB, UBS Group AG, Engineers Gate Manager LP, Bank of Montreal Can, Alps Advisors Inc., and Tudor Investment Corp Et Al. 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.

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.

One share of FCF stock can currently be purchased for approximately $7.16.

First Commonwealth Financial has a market capitalization of $702.63 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.

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

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]