Media stories about First Commonwealth Financial (NYSE:FCF) have been trending somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Commonwealth Financial earned a news sentiment score of 0.05 on Alpha One’s scale. Alpha One also assigned news stories about the bank an impact score of 95 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s analysis:
- ETFs with exposure to First Commonwealth Financial Corp. (Pennsylvania) : May 19, 2017 (finance.yahoo.com)
- First Commonwealth Financial Corp. (Pennsylvania) :FCF-US: Earnings Analysis: Q1, 2017 By the Numbers : May 18, 2017 (finance.yahoo.com)
- First Commonwealth Financial (FCF) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- First Commonwealth Financial (FCF) Sees Significant Decline in Short Interest (americanbankingnews.com)
A number of analysts recently commented on FCF shares. Zacks Investment Research upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, March 28th. FBR & Co restated a “hold” rating on shares of First Commonwealth Financial in a research note on Wednesday, April 26th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$4.50 target price on shares of First Commonwealth Financial in a research note on Wednesday, March 1st. Finally, Canaccord Genuity lowered their target price on First Commonwealth Financial from C$4.50 to C$4.25 and set a “speculative buy” rating on the stock in a research note on Monday, May 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $8.67.
First Commonwealth Financial (NYSE:FCF) opened at 12.31 on Friday. First Commonwealth Financial has a 12 month low of $8.46 and a 12 month high of $14.61. The stock has a market capitalization of $1.09 billion, a PE ratio of 17.36 and a beta of 0.96. The stock has a 50 day moving average price of $12.86 and a 200 day moving average price of $13.19.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, April 25th. The bank reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. First Commonwealth Financial had a net margin of 21.11% and a return on equity of 8.27%. The firm had revenue of $68.76 million during the quarter, compared to the consensus estimate of $69.45 million. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, equities research analysts forecast that First Commonwealth Financial will post $0.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.57%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 47.76%.
In related news, Director Bart E. Johnson purchased 3,267 shares of First Commonwealth Financial stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average price of $12.88 per share, for a total transaction of $42,078.96. Following the transaction, the director now directly owns 52,220 shares in the company, valued at $672,593.60. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen Reid purchased 10,000 shares of First Commonwealth Financial stock in a transaction that occurred on Thursday, March 2nd. The shares were bought at an average price of $3.44 per share, with a total value of $34,400.00. In the last 90 days, insiders have purchased 64,196 shares of company stock valued at $248,807. Insiders own 1.58% of the company’s stock.
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About First Commonwealth Financial
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.
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