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.
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