First Commonwealth Financial Corporation (NYSE:FCF) had its price target lowered by Canaccord Genuity from C$4.25 to C$3.25 in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the bank’s stock.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub lowered shares of First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. First Commonwealth Financial Corporation presently has a consensus rating of “Buy” and a consensus target price of $9.82.

Shares of First Commonwealth Financial Corporation (FCF) opened at 12.61 on Wednesday. First Commonwealth Financial Corporation has a 12-month low of $9.62 and a 12-month high of $14.61. The stock has a market cap of $1.23 billion, a PE ratio of 17.81 and a beta of 0.97. The stock’s 50 day moving average is $12.78 and its 200-day moving average is $13.01.

First Commonwealth Financial Corporation (NYSE:FCF) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $76.72 million during the quarter, compared to analyst estimates of $76.82 million. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. During the same quarter in the previous year, the business posted $0.14 EPS. Equities analysts expect that First Commonwealth Financial Corporation will post $0.80 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of FCF. Karp Capital Management Corp bought a new position in shares of First Commonwealth Financial Corporation during the first quarter worth about $784,000. UBS Asset Management Americas Inc. raised its position in shares of First Commonwealth Financial Corporation by 64.2% in the first quarter. UBS Asset Management Americas Inc. now owns 35,777 shares of the bank’s stock worth $474,000 after buying an additional 13,982 shares during the last quarter. Swiss National Bank raised its position in shares of First Commonwealth Financial Corporation by 9.5% in the first quarter. Swiss National Bank now owns 162,000 shares of the bank’s stock worth $2,148,000 after buying an additional 14,000 shares during the last quarter. Comerica Bank raised its position in shares of First Commonwealth Financial Corporation by 4.1% in the first quarter. Comerica Bank now owns 98,618 shares of the bank’s stock worth $1,303,000 after buying an additional 3,882 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of First Commonwealth Financial Corporation by 11.3% in the first quarter. BNP Paribas Arbitrage SA now owns 18,239 shares of the bank’s stock worth $242,000 after buying an additional 1,850 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

First Commonwealth Financial Corporation 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.

Analyst Recommendations for First Commonwealth Financial Corporation (NYSE:FCF)

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