On Thursday, the investment analysts at StockNews.com informed investors that they had begun covering First Commonwealth Financial by sending a note to those investors informing them of the coverage.
A recommendation to “sell” was made by the company regarding the stock of the bank.
First Commonwealth Financial (NYSE: FCF) made the results of its most recent quarterly financial report public on Tuesday, January 24.
The bank reported $0.39 per share earnings for the quarter, which was $0.05 less than the $0.44 per share market analysts generally anticipated.
The return on equity for the company was 12.36%, which was higher than the average for the industry, and the net margin was 29.90%, also higher than the average.
During the period under consideration, the company reported bringing in $120.59 million in revenue, significantly higher than the consensus projection of $113.63 million.
The corporation reported a profit of $0.37 per share for the same period the year before.
Analysts anticipate that First Commonwealth Financial will generate $1.74 per share during the current fiscal year, making the company’s total earnings $2.12.
The first day of trading for FCF stock was Thursday, with an opening price of $12.99.
The simple moving average price of the company’s shares over the past 50 days is $14.90, and the average price over the last 200 days is $14.26. Over the previous year, the price of First Commonwealth Financial stock ranged from its all-time low of $12.21 to its all-time high of $16.53 at one point.
All three ratios, including the current, quick, and debt-to-equity ratios, total 0.17, 0.92, and 0.92, respectively.
The company’s beta value is 0.98, and its price-to-earnings ratio stands at 9.55, contributing to its market value of $1.34 billion.
Raymond James changed its recommendation for First Commonwealth Financial on February 21 from “outperform” to “market perform.” This change was made public in a research note published that day.
Three analysts think that investors should maintain their current positions; two experts believe investors should purchase the stock; and one analyst believes investors should sell it.
According to information from Bloomberg.com, the stock is currently given an advisory rating of “Hold” across the board.
Analysts have projected that the share price will reach an average of $15.90 shortly.
Similarly, on March 13, Director Ray T. Charley added 4,000 shares of First Commonwealth Financial stock to the personal investment portfolio he maintains for himself. While purchasing the shares, the purchasers incurred an average cost of $13.26 per share, leading to a total of $53,040.00 in expenditures overall.
The director now owns 313,174 shares of the company, which have a combined value of $4,152,687.24 as a direct result of the transaction.
By following the link, which will take you to a legal file submitted to the SEC, you can obtain additional information regarding the acquisition. Similarly, on March 13, Director Ray T. Charley added 4,000 shares of First Commonwealth Financial stock to the personal investment portfolio he maintains for himself.
Throughout the process of purchasing the shares, the purchasers spent, on average, $13.26 per share, which resulted in a total expenditure of $53,040.00.
As a direct result of the transaction, the director now owns 313,174 shares of the company, which have a combined value of 4,152,687.24 dollars.
By following the link, which will take you to a legal file submitted to the SEC, you can obtain additional information regarding the acquisition.
Michael Price, the company’s chief executive officer, made an additional purchase of 13,212 shares of the corporation’s stock on Friday, January 27.
The cost of purchasing the shares totaled $183,250.44 because the average price paid for each share was $13.87.
This resulted in the total cost of purchasing the shares being $13.87.
As a direct consequence of the purchase, the Chief Executive Officer now directly owns 321,756 shares, which are worth a total of $4,462,755.72 in today’s market. You should be able to locate the disclosure concerning this transaction in the following location: 1.77 percent of the total shares currently outstanding in the company are owned by company insiders.
In the most recent few months, several prominent investors have engaged in transactions involving buying and selling company shares.
These transactions were carried out in both domestic and international markets.
BlackRock INC increased the amount of First Commonwealth Financial stock owned by 1.3% during the year’s first quarter.
BlackRock INC has a total holding value of $212,147,00 after buying an additional 180,138 shares of the bank’s stock during the most recent quarter.
This brings the company’s total holding value to $212,147,00.
Dimensional Fund Advisors LP increased its holdings in First Commonwealth Financial by 3.4% over the final three months of 2018.
After making an additional purchase of 212,051 shares during the most recent quarter, Dimensional Fund Advisors LP now directly owns 6,469,096 shares of the bank’s stock, which has a value of $90,373,000.
This brings the total number of shares directly owned by the firm to 6,469,096.
The State Street Corporation increased its stake in First Commonwealth Financial by 12.8% during the first three months of the year by purchasing additional shares. State Street Corp. now owns 4,611,897 shares of the bank’s stock following purchasing an additional 524,228 shares during the most recent quarter.
The stock is currently valued at $69,916,000.
The holdings of the company now include these additional shares. Charles Schwab Investment Management INC increased the amount of First Commonwealth Financial stock owned by 8.9% during the final three months of 2018. Charles Schwab Investment Management INC now holds 2,447,581 shares of the bank’s stock, following the acquisition of an additional 199,077 shares during the most recent period.
The stock is currently valued at $34,193,000. Not to mention, during the final three months of 2018, Geode Capital Management LLC increased the amount of First Commonwealth Financial stock that is owned by 3.2 percent. Geode Capital Management LLC now has 1,704,522 shares of the bank’s stock in its possession after purchasing an additional 52,242 shares during the relevant period.
These shares have a value of $23,812,000 at the moment, and they give the company a stake in the company that is equivalent to 69.47% of the total ownership.