Shares of First Commonwealth Financial (NYSE:FCF) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.40.
FCF has been the subject of several recent analyst reports. Zacks Investment Research downgraded First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine raised First Commonwealth Financial from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a report on Wednesday, July 25th. DA Davidson started coverage on First Commonwealth Financial in a report on Thursday, August 23rd. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Sandler O’Neill started coverage on First Commonwealth Financial in a report on Thursday, August 30th. They set a “hold” rating and a $18.00 price target for the company.
A number of institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its holdings in First Commonwealth Financial by 3.4% during the 2nd quarter. Comerica Bank now owns 105,919 shares of the bank’s stock valued at $1,682,000 after purchasing an additional 3,476 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in First Commonwealth Financial by 8.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 48,395 shares of the bank’s stock valued at $751,000 after purchasing an additional 3,652 shares during the last quarter. Legal & General Group Plc lifted its holdings in First Commonwealth Financial by 1.9% during the 1st quarter. Legal & General Group Plc now owns 205,407 shares of the bank’s stock valued at $2,898,000 after purchasing an additional 3,779 shares during the last quarter. Northern Trust Corp lifted its holdings in First Commonwealth Financial by 0.3% during the 1st quarter. Northern Trust Corp now owns 1,553,118 shares of the bank’s stock valued at $21,947,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in First Commonwealth Financial by 26.7% during the 1st quarter. Profund Advisors LLC now owns 18,874 shares of the bank’s stock valued at $267,000 after purchasing an additional 3,973 shares during the last quarter. 68.69% of the stock is owned by institutional investors and hedge funds.
NYSE FCF opened at $15.95 on Thursday. The company has a market capitalization of $1.62 billion, a PE ratio of 19.45 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.88 and a quick ratio of 0.88. First Commonwealth Financial has a 12 month low of $13.50 and a 12 month high of $17.91.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, July 24th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $89.98 million during the quarter, compared to the consensus estimate of $82.38 million. First Commonwealth Financial had a return on equity of 10.81% and a net margin of 22.17%. During the same quarter in the prior year, the firm posted $0.21 EPS. sell-side analysts forecast that First Commonwealth Financial will post 1.06 earnings per share for the current year.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services.
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