First Commonwealth Financial Corp. (NYSE:FCF) had its price objective lowered by investment analysts at Keefe, Bruyette & Woods from $10.00 to $9.50 in a research report issued on Wednesday. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 5.09% from the company’s previous close.

Separately, FBR & Co boosted their target price on shares of First Commonwealth Financial Corp. from $9.50 to $10.00 and gave the company a “market perform” rating in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $9.40.

Shares of First Commonwealth Financial Corp. (NYSE:FCF) opened at 10.01 on Wednesday. The stock has a market capitalization of $889.20 million, a price-to-earnings ratio of 18.92 and a beta of 1.23. First Commonwealth Financial Corp. has a 12 month low of $7.85 and a 12 month high of $10.36. The stock’s 50 day moving average price is $9.99 and its 200-day moving average price is $9.31.

First Commonwealth Financial Corp. (NYSE:FCF) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.02. First Commonwealth Financial Corp. had a net margin of 17.38% and a return on equity of 6.85%. During the same quarter in the prior year, the firm earned $0.15 EPS. Equities analysts forecast that First Commonwealth Financial Corp. will post $0.61 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its position in shares of First Commonwealth Financial Corp. by 2.9% in the second quarter. BlackRock Fund Advisors now owns 5,641,815 shares of the company’s stock valued at $51,905,000 after buying an additional 161,343 shares during the period. Victory Capital Management Inc. boosted its position in shares of First Commonwealth Financial Corp. by 4.0% in the second quarter. Victory Capital Management Inc. now owns 2,561,124 shares of the company’s stock valued at $23,562,000 after buying an additional 98,199 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of First Commonwealth Financial Corp. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,491,423 shares of the company’s stock valued at $22,074,000 after buying an additional 38,619 shares during the period. Alliancebernstein L.P. boosted its position in shares of First Commonwealth Financial Corp. by 2.5% in the second quarter. Alliancebernstein L.P. now owns 1,543,885 shares of the company’s stock valued at $14,204,000 after buying an additional 36,950 shares during the period. Finally, LSV Asset Management boosted its position in shares of First Commonwealth Financial Corp. by 8.2% in the second quarter. LSV Asset Management now owns 1,376,422 shares of the company’s stock valued at $12,663,000 after buying an additional 104,400 shares during the period. Hedge funds and other institutional investors own 60.32% of the company’s stock.

First Commonwealth Financial Corp. Company Profile

First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

5 Day Chart for NYSE:FCF

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