ValuEngine downgraded shares of First Commonwealth Financial Corporation (NYSE:FCF) from a buy rating to a hold rating in a research report released on Thursday.

FCF has been the subject of several other research reports. Raymond James Financial, Inc. dropped their price objective on shares of First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an outperform rating for the company in a research report on Wednesday, August 30th. Keefe, Bruyette & Woods restated a hold rating and issued a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of First Commonwealth Financial Corporation from a buy rating to a hold rating in a research report on Monday, September 4th. Canaccord Genuity dropped their target price on shares of First Commonwealth Financial Corporation from C$4.25 to C$3.25 and set a buy rating for the company in a research report on Wednesday, August 30th. Finally, FBR & Co reiterated a neutral rating and set a $14.00 target price on shares of First Commonwealth Financial Corporation in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $9.96.

First Commonwealth Financial Corporation (NYSE:FCF) traded up $0.04 during mid-day trading on Thursday, reaching $14.22. 403,206 shares of the company traded hands, compared to its average volume of 440,110. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.09. First Commonwealth Financial Corporation has a 1 year low of $11.80 and a 1 year high of $14.76. The company has a market cap of $1,380.00, a PE ratio of 17.04 and a beta of 0.97.

First Commonwealth Financial Corporation (NYSE:FCF) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. First Commonwealth Financial Corporation had a net margin of 21.96% and a return on equity of 9.53%. The firm had revenue of $80.46 million during the quarter, compared to analysts’ expectations of $79.29 million. During the same quarter in the previous year, the company posted $0.19 EPS. First Commonwealth Financial Corporation’s revenue was up 20.8% on a year-over-year basis. equities research analysts anticipate that First Commonwealth Financial Corporation will post 0.82 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, November 3rd. First Commonwealth Financial Corporation’s payout ratio is 43.24%.

Several institutional investors have recently modified their holdings of FCF. BlackRock Inc. raised its position in shares of First Commonwealth Financial Corporation by 45,299.4% during the 1st quarter. BlackRock Inc. now owns 10,979,393 shares of the bank’s stock valued at $145,588,000 after acquiring an additional 10,955,209 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of First Commonwealth Financial Corporation by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 8,687,245 shares of the bank’s stock valued at $115,193,000 after buying an additional 792,067 shares during the period. State Street Corp grew its holdings in shares of First Commonwealth Financial Corporation by 14.5% in the 1st quarter. State Street Corp now owns 3,001,842 shares of the bank’s stock valued at $39,802,000 after buying an additional 379,322 shares during the period. Citadel Advisors LLC acquired a new position in shares of First Commonwealth Financial Corporation in the 2nd quarter valued at $3,416,000. Finally, Koch Industries Inc. acquired a new position in shares of First Commonwealth Financial Corporation in the 2nd quarter valued at $201,000. Institutional investors own 63.49% of the company’s stock.

About First Commonwealth Financial Corporation

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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