As of Tuesday, First Commonwealth Financial Corporation’s (NYSE:FCF) stock closed at $11.79, down from $12.26 the previous day. While First Commonwealth Financial Corporation has underperformed by -3.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FCF fell by -22.59%, with highs and lows ranging from $16.53 to $12.15, whereas the simple moving average fell by -16.52% in the last 200 days.
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On February 21, 2023, Raymond James Downgraded First Commonwealth Financial Corporation (NYSE: FCF) to Mkt Perform. A report published by Janney on September 29, 2022, Initiated its previous ‘Buy’ rating for FCF. Stephens also Downgraded FCF shares as ‘Equal-Weight’, setting a target price of $15.50 on the company’s shares in a report dated August 03, 2022. B. Riley Securities January 27, 2022d its ‘Neutral’ rating to ‘Buy’ for FCF, as published in its report on January 27, 2022. RBC Capital Mkts’s report from October 28, 2021 suggests a price prediction of $19 for FCF shares, giving the stock a ‘Outperform’ rating. Keefe Bruyette also rated the stock as ‘Mkt Perform’.
Analysis of First Commonwealth Financial Corporation (FCF)
Investors in First Commonwealth Financial Corporation will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.48 per share. Further, the quarter-over-quarter increase in sales is 31.00%, showing a positive trend in the upcoming months.
One of the most important indicators of First Commonwealth Financial Corporation’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 12.20% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and FCF is recording 828.02K average volume. On a monthly basis, the volatility of the stock is set at 5.09%, whereas on a weekly basis, it is put at 3.67%, with a loss of -6.28% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.25, showing growth from the present price of $11.79, which can serve as yet another indication of whether FCF is worth investing in or should be passed over.
How Do You Analyze First Commonwealth Financial Corporation Shares?
The Banks – Regional market is dominated by First Commonwealth Financial Corporation (FCF) based in the USA. When comparing First Commonwealth Financial Corporation shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.63, there is a growth in quarterly earnings of 4.30%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.68%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in FCF shares?
The recent increase in stakes in FCF appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in FCF has decreased by -0.59% in the first quarter. The company now owns 12,819,081 shares of the stock, with a value of $205.23 million, following the sale of -75,634 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in FCF during the first quarter, upping its stake by 1.14%. During the last quarter, the company picked up 116,673 additional shares for a total stake of worth $166.37 million, bringing number of shares owned by the company to 10,391,930.
During the first quarter, Dimensional Fund Advisors LP added a 212,051 position in FCF. SSgA Funds Management, Inc. sold an additional 9536.0 shares in the last quarter, decreasing its holdings by -0.23%, now holding 4.07 million shares worth $65.12 million. At the end of the first quarter, Charles Schwab Investment Managem increased its FCF holdings by 8.85% and now holds 2.45 million FCF shares valued at $39.19 million with the added 0.2 million shares during the period. FCF shares are owned by institutional investors to the tune of 71.60% at present.
