Home Sectors Financial Services Recent Valuation: First Commonwealth Financial Corporation (NYSE: FCF)

Recent Valuation: First Commonwealth Financial Corporation (NYSE: FCF)

SHARE

First Commonwealth Financial Corporation is part of the banking industry and financial services sector. The company CEO is T. Michael Price. First Commonwealth Financial Corp provides banking services through the First Commonwealth Bank. It entails commercial and consumer banking products such as personal checking accounts, loans, wealth management and insurance.

Previous Intraday Trading Performance:

The FCF stock showed a previous change of 0.08% with an open at 13.42 and a close of 13.35. It reached an intraday high of 13.51 and a low of 13.35.

SeekingAlpha:  First Commonwealth announces share repurchase program

Liquidity:

The stock has a market cap of $1.3b with 98.6m shares outstanding, of which the float is 94.9m shares. Trading volume reached 346,194 shares compared to its average volume of 391,042 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, First Commonwealth Financial Corporation shares returned 0.53% and in the past 30 trading days it returned -1.55%. Over three months, it changed 4.17%. In one year it has changed -8.42% and within that year its 52-week high was 17.91 and its 52-week low was 11.33. FCF stock is 17.83% above its 52 Week Low.

Our calculations show a 200 day moving average of 14.70 and a 50 day moving average of 13.41. Currently FCF stock is trading -9.16% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  First Commonwealth announces share repurchase program

Earnings:

The last annual fiscal EPS for the company was reported at 1.09 that ended on 31st of December 2018, which according to the previous close, that is a PE of 12.36. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.26. The TTM EPS is 1.09, which comes to a TTM PE of 12.25. Historically, the PE high was 30.90 and the PE low was 12.25. FCF stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
12-31-2018:  0.27
09-30-2018:  0.25
06-30-2018:  0.33
03-31-2018:  0.24

The dividend per share is currently 0.40, which is a dividend yield of 3.00%. Also, the payout ratio is 36.70%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 14.83, which means it is possibly undervalued and has a margin of safety of 9.98%

Indicators to Watch:

Based on the latest filings, there is 106.80% of institutional ownership. Short-interest is 2,349,484, which is 2.38% of shares outstanding. The short-interest ratio or days-to-cover ratio is 6.17. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.18

Business Wire:  The Finish Line, Inc. and JD Sports Fashion Plc Announce Completion of Merger

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.31%, return on assets is 1.52%, profit margin is 29.79%, price-to-sales is 3.45 and price-to-book is 1.35.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 4  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 3  :Dividend Score
 3  :Overall Score

SHARE
John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.