As of Friday close, First Commonwealth Financial Corporation’s (NYSE:FCF) stock was up $0.12, moving up 0.90 percent to $13.44. The average number of shares traded per day over the past five days has been 419,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 461,470, while in the previous 50 days, it was 528,200.
Since last month, FCF stock retreated -3.79%. Shares of the company fell to $13.17 on 08/16/23, the lowest level in the past month. A 52-week high of $16.53 was reached on 02/17/23 after having rallying from a 52-week low of $11.32. Since the beginning of this year, FCF’s stock price has dropped by -3.79% or -$0.53, and marked a new high 14 times. However, the stock has declined by -18.69% since its 52-week high.
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FCF stock investors should be aware that First Commonwealth Financial Corporation (FCF) stock had its last reported insider trading activity 155 days ago on Mar 17. CHARLEY RAY T, the Director of the company, purchased of 3,900 shares for $12.85 on Mar 17. It resulted in a $50,115 investment by the insider. CHARLEY RAY T added 8,000 shares at an average price of $13.03 on Mar 14. The insider now owns 321,174 shares following the transaction. On Mar 13, Director CHARLEY RAY T bought 4,000 shares at $13.26 apiece. The transaction was valued at $53,040.
Valuation Metrics
Right now, First Commonwealth Financial Corporation (FCF) has a P/E ratio of about 9.17. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 3.22, the price-to-book (PB) ratio of 1.12, and the price-to-cash flow ratio of 8.58 may also be considered.
The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250. On Tuesday April 25 2023, a $0.0050 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.14, and the total debt-to-equity ratio was 0.59. In the year ended June 29, operating margins totaled 78.70%. Based on annual data, FCF earned $312.22 million in gross profit and brought in $329.95 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.70%. Return on equity (ROE) for the past 12 months was 12.60%.
In First Commonwealth Financial Corporation’s quarter-end financial report for June 29, it reported total debt of $187.28 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected First Commonwealth Financial Corporation to report $0.41 quarterly earnings, the actual figure was $0.42 per share, beating the consensus estimate by 2.40%. The value of shareholders’ equity is $102.41 million.
Technical Picture
This quick technical analysis looks at First Commonwealth Financial Corporation’s (FCF) price momentum. With a historical volatility rate of 18.67%, the RSI 9-day stood at 37.08% on 18 August.
With respect to its five-day moving average, the current First Commonwealth Financial Corporation price is down by -3.52% percent or -$0.49. At present, FCF shares trade -3.10% below its 20-day simple moving average and +5.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.18% below its SMA50 and -6.28% below its SMA200.
Stochastic coefficient K was 12.03% and Stochastic coefficient D was 7.23%, while ATR was 0.31. Given the Stochastic reading of 21.26% for the 14-day period, the RSI (14) reading has been calculated as 42.97%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.54.
Analyst Ratings
Stephens upgraded its rating on First Commonwealth Financial Corporation (NYSE: FCF) to an Overweight in a note to investors on May 19, 2023. The analysts firm previously had an Equal-weight rating on the stock.First Commonwealth Financial Corporation (FCF) has been rated Overweight by analysts. According to 0 brokerage firms, FCF is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate First Commonwealth Financial Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $16.00, the current consensus forecast for the stock is $15.00 – $18.00. Based on these forecasts, analysts predict First Commonwealth Financial Corporation (FCF) will achieve an average price target of $16.00.
