Brokerages Set First Commonwealth Financial (FCF) Target Price at $7.65

First Commonwealth Financial (NYSE:FCF) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.71.

Several equities research analysts have issued reports on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$4.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, March 1st. Zacks Investment Research cut shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th. FBR & Co boosted their price objective on shares of First Commonwealth Financial from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research report on Thursday, January 26th. Finally, Canaccord Genuity reissued a “buy” rating and issued a C$4.50 price objective on shares of First Commonwealth Financial in a research report on Tuesday, January 17th.

First Commonwealth Financial (NYSE:FCF) traded down 0.54% during mid-day trading on Tuesday, reaching $13.00. 502,459 shares of the company’s stock traded hands. First Commonwealth Financial has a one year low of $8.46 and a one year high of $14.61. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 19.40 and a beta of 0.96. The firm’s 50-day moving average price is $13.20 and its 200 day moving average price is $12.76.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Wednesday, January 25th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company earned $69.85 million during the quarter, compared to analysts’ expectations of $67.38 million. First Commonwealth Financial had a net margin of 21.11% and a return on equity of 8.27%. During the same period in the previous year, the company earned $0.11 EPS. On average, equities analysts forecast that First Commonwealth Financial will post $0.76 EPS for the current year.

In other First Commonwealth Financial news, Director Stephen Reid purchased 10,000 shares of First Commonwealth Financial stock in a transaction dated Monday, February 13th. The stock was acquired at an average price of $3.54 per share, for a total transaction of $35,400.00. In the last 90 days, insiders bought 87,409 shares of company stock valued at $300,965. Company insiders own 1.58% of the company’s stock.

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in First Commonwealth Financial by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 9,820 shares of the bank’s stock valued at $130,000 after buying an additional 190 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its stake in First Commonwealth Financial by 3.4% in the third quarter. McKinley Carter Wealth Services Inc. now owns 12,929 shares of the bank’s stock valued at $130,000 after buying an additional 429 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in First Commonwealth Financial by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the bank’s stock valued at $481,000 after buying an additional 500 shares in the last quarter. Bank of Montreal Can raised its stake in First Commonwealth Financial by 6.5% in the first quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock valued at $153,000 after buying an additional 698 shares in the last quarter. Finally, BlackRock Inc. raised its stake in First Commonwealth Financial by 2.7% in the third quarter. BlackRock Inc. now owns 27,014 shares of the bank’s stock valued at $272,000 after buying an additional 721 shares in the last quarter. Institutional investors and hedge funds own 62.05% of the company’s stock.

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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.