First Commonwealth Financial Corporation (NYSE:FCF)‘s stock had its “hold” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Thursday. They presently have a $14.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 9.29% from the company’s current price.

Several other analysts also recently commented on FCF. FBR & Co reaffirmed a “hold” rating on shares of First Commonwealth Financial Corporation in a research note on Wednesday, April 26th. Canaccord Genuity downgraded First Commonwealth Financial Corporation from a “buy” rating to a “speculative buy” rating and reduced their price objective for the company from C$4.50 to C$4.25 in a research note on Monday, May 8th. Zacks Investment Research downgraded First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub raised First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Royal Bank Of Canada began coverage on First Commonwealth Financial Corporation in a research note on Monday, July 17th. They set an “outperform” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. First Commonwealth Financial Corporation presently has a consensus rating of “Buy” and a consensus target price of $10.21.

Shares of First Commonwealth Financial Corporation (NYSE:FCF) opened at 12.81 on Thursday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 18.09 and a beta of 0.97. First Commonwealth Financial Corporation has a 12-month low of $9.62 and a 12-month high of $14.61. The company’s 50-day moving average price is $12.82 and its 200 day moving average price is $13.17.

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, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $76.72 million during the quarter, compared to the consensus estimate of $76.82 million. First Commonwealth Financial Corporation had a return on equity of 9.45% and a net margin of 21.61%. During the same period in the prior year, the business earned $0.14 EPS. On average, equities research analysts forecast that First Commonwealth Financial Corporation will post $0.80 EPS for the current fiscal year.

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In other First Commonwealth Financial Corporation news, Director Stephen Reid bought 35,700 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of $3.35 per share, with a total value of $119,595.00. Over the last three months, insiders have bought 88,444 shares of company stock valued at $271,168. Company insiders own 1.72% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of First Commonwealth Financial Corporation during the first quarter worth about $101,000. State of Alaska Department of Revenue increased its position in shares of First Commonwealth Financial Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 9,820 shares of the bank’s stock worth $130,000 after buying an additional 190 shares during the period. Trexquant Investment LP acquired a new position in shares of First Commonwealth Financial Corporation during the first quarter worth about $138,000. Bank of Montreal Can increased its position in shares of First Commonwealth Financial Corporation by 6.5% in the first quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock worth $153,000 after buying an additional 698 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of First Commonwealth Financial Corporation by 15.7% in the first quarter. Envestnet Asset Management Inc. now owns 11,532 shares of the bank’s stock worth $153,000 after buying an additional 1,564 shares during the period. 60.19% of the stock is owned by institutional investors and hedge funds.

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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