Keefe, Bruyette & Woods reiterated their hold rating on shares of First Commonwealth Financial Corporation (NYSE:FCF) in a research note issued to investors on Wednesday. They currently have a $14.00 price target on the bank’s stock.

Several other analysts have also recently weighed in on FCF. BidaskClub raised shares of First Commonwealth Financial Corporation from a sell rating to a hold rating in a research note on Saturday, June 10th. Zacks Investment Research cut shares of First Commonwealth Financial Corporation from a buy rating to a hold rating in a research note on Monday, July 3rd. Royal Bank Of Canada began coverage on shares of First Commonwealth Financial Corporation in a research note on Monday, July 17th. They set an outperform rating and a $14.00 price objective on the stock. Canaccord Genuity decreased their price objective on shares of First Commonwealth Financial Corporation from C$4.25 to C$3.25 and set a buy rating on the stock in a research note on Wednesday, August 30th. Finally, Raymond James Financial, Inc. decreased their price objective on shares of First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an outperform rating on the stock in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. First Commonwealth Financial Corporation currently has an average rating of Hold and a consensus target price of $9.96.

Shares of First Commonwealth Financial Corporation (NYSE FCF) traded up 1.28% during trading on Wednesday, hitting $14.21. The stock had a trading volume of 210,457 shares. The stock’s 50-day moving average price is $13.04 and its 200 day moving average price is $12.88. First Commonwealth Financial Corporation has a one year low of $9.62 and a one year high of $14.61. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 20.07 and a beta of 1.01.

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

WARNING: This article was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/first-commonwealth-financial-corporations-fcf-hold-rating-reaffirmed-at-keefe-bruyette-woods/1610770.html.

Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in First Commonwealth Financial Corporation during the first quarter worth about $101,000. Quantbot Technologies LP bought a new stake in First Commonwealth Financial Corporation during the second quarter worth about $113,000. Trexquant Investment LP bought a new stake in First Commonwealth Financial Corporation during the first quarter worth about $138,000. Bank of Montreal Can grew its stake in First Commonwealth Financial Corporation by 6.5% during 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 last quarter. Finally, Envestnet Asset Management Inc. grew its stake in First Commonwealth Financial Corporation by 15.7% during 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 last quarter. 63.04% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for First Commonwealth Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Commonwealth Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.