First Commonwealth Financial Corporation (NYSE:FCF) went down by -4.31% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Banks – Regional giant went up by $7.55 to trade ended Friday trading at $7.89. This is down from the $7.89 price recorded on Thursday’s trading session. Thanks to this latest performance, FCF is closer to the higher price 52-week target of $10.00 and further from the lowest price target of $9.00. Its performance from the start of the year has also been negative, with FCF down by -47.97% year-to-date.
First Commonwealth Financial Corporation (FCF) started the day trading at $7.72 and recorded an intraday high of $7.78. It also recorded an intraday low of $7.4 during Friday’s trading session. First Commonwealth Financial Corporation is a very active stock that recorded a trading volume that is more than 34.53% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 903668, which is more than 34.53 of the total average daily trading volume of 591.65K.
First Commonwealth Financial Corporation (NYSE:FCF) 2020 Performance Impressive
The increase in FCF’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of FCF currently stands at $14.93, which is higher than the current trading price of the stock by 49.43%. However, FCF’s current trading price is -11.52% lower than the 52-week low price of $6.77. In terms of trading volume, First Commonwealth Financial Corporation currently experienced healthy participation during the last trading session. 903668 shares of First Commonwealth Financial Corporation were traded on the stock exchange on Friday, which is more than 34.53% of the 591.65K average trading volume of the stock.
The performance of the stock has been positive over the past year. FCF’s performance over the past one year has seen it plunge by -42.45%, while the stock has gone down by -48.46% in the last six months. The quarterly performance of FCF currently stands at -14.69%, and it is down by -10.76% in the last month. The only negative figure was from the weekly performance, which currently reads -6.67%. At the time of writing FCF’s report, the company has a total market cap of $774.33M, making it one of the largest publicly-traded companies in the world.First Commonwealth Financial Corporation also has over 1429 employees all over the world.
FCF Insider Activities
For First Commonwealth Financial Corporation, insiders hold 70.60% of all company shares. The insider transactions over the past six months are up by 14.40%. During that period, insiders bought 146,954 shares in 21 transactions. In that same period, insiders sold 48,060 of their shares in 8 transactions. After these transactions, insiders at First Commonwealth Financial Corporation now hold 1.45M shares, which is over 70.39% of the total company stocks. Institutional investors currently hold a large chunk of the FCF shares, as they control 1.48% of the company’s total stock.
FCF Fundamental Analysis
For First Commonwealth Financial Corporation, the stock’s diluted earnings per share (EPS) stands at 0.87. In the coming year, analysts expect the EPS to be 0.71. The EPS growth will up over the next five years to 8.00% after surging by 17.50% in the previous five years. In terms of revenue, First Commonwealth Financial Corporation’s quarterly sales (YOY) is growing at 0.13, which is lower than the average annual revenue of 17.50% over the past half a decade.
The Return on Investment (ROI) on First Commonwealth Financial Corporation’s stock currently stands at 17.70%, and it has a net profit margin of 26.30%. The operating margin of the company is 71.00%.
FCF Analysts Prediction
In May 13, 2020, several analysts reiterated their positions on the First Commonwealth Financial Corporation stock and predicted its performance to their investors. The analysts at RBC Capital Mkts believe FCF is still a Sector Perform and set the price target between $12 and $9. Another analyst that has a Neutral rating for FCF is B. Riley FBR, which set a price target of between $16 and $9. and B. Riley FBR reiterate their Buy position on the stock ($18 and $16).
BGB Securities and Stifel Nicolaus also believe that First Commonwealth Financial Corporation’s stock is outperforming at the moment.
At the moment, First Commonwealth Financial Corporation’s Total Debt to Equity ratio stands at 0.31, and they have a long-term Debt to Equity ratio of 0.16.
FCF Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of FCF currently stands at -9.88%, while the SMA50 is -9.65%. The biggest one is the SMA200, which is currently reading -36.05% ahead of Friday’s trading session. The Relative Strength Index of this stock is 38.82, while its price to earnings ratio (P/E) is 8.71.