First Commonwealth Financial Corporation (FCF) Receives Average Rating of “Hold” from Analysts

First Commonwealth Financial Corporation (NYSE:FCF) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.83.

A number of analysts have commented on FCF shares. ValuEngine cut First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. FBR & Co reaffirmed a “neutral” rating and set a $14.00 price target on shares of First Commonwealth Financial in a research report on Friday, October 27th. Zacks Investment Research cut First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price target on shares of First Commonwealth Financial in a research report on Wednesday, October 4th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of First Commonwealth Financial in a research report on Thursday, January 11th.

First Commonwealth Financial (NYSE FCF) opened at $14.89 on Friday. First Commonwealth Financial has a one year low of $12.05 and a one year high of $15.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $1,463.84, a price-to-earnings ratio of 20.12 and a beta of 0.98.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in First Commonwealth Financial by 2.3% during the 2nd quarter. BlackRock Inc. now owns 11,236,579 shares of the bank’s stock worth $142,479,000 after acquiring an additional 257,186 shares during the period. Vanguard Group Inc. lifted its holdings in shares of First Commonwealth Financial by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,864,321 shares of the bank’s stock valued at $112,399,000 after buying an additional 177,076 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of First Commonwealth Financial by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,532,469 shares of the bank’s stock valued at $106,434,000 after buying an additional 43,795 shares during the period. State Street Corp lifted its holdings in shares of First Commonwealth Financial by 10.0% in the 2nd quarter. State Street Corp now owns 3,301,635 shares of the bank’s stock valued at $41,864,000 after buying an additional 299,793 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of First Commonwealth Financial by 11.6% in the 2nd quarter. Alliancebernstein L.P. now owns 2,014,195 shares of the bank’s stock valued at $25,540,000 after buying an additional 209,250 shares during the period. 65.64% of the stock is owned by institutional investors.

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First Commonwealth Financial 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 (NYSE:FCF)

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