First Commonwealth Financial (NYSE:FCF) – Stock analysts at B. Riley upped their Q3 2020 EPS estimates for First Commonwealth Financial in a research report issued to clients and investors on Wednesday, April 10th. B. Riley analyst S. Moss now anticipates that the bank will earn $0.31 per share for the quarter, up from their previous forecast of $0.30.
Several other analysts have also recently issued reports on the company. ValuEngine raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research cut First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.20.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, January 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. First Commonwealth Financial had a return on equity of 11.43% and a net margin of 28.22%. The company had revenue of $85.58 million for the quarter, compared to analysts’ expectations of $84.90 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in FCF. Norges Bank bought a new stake in First Commonwealth Financial during the 4th quarter valued at $15,566,000. WINTON GROUP Ltd boosted its position in First Commonwealth Financial by 2,360.4% during the 4th quarter. WINTON GROUP Ltd now owns 767,973 shares of the bank’s stock valued at $9,277,000 after acquiring an additional 736,760 shares in the last quarter. BlackRock Inc. boosted its position in First Commonwealth Financial by 4.0% during the 3rd quarter. BlackRock Inc. now owns 14,632,667 shares of the bank’s stock valued at $236,172,000 after acquiring an additional 569,462 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in First Commonwealth Financial during the 4th quarter valued at $38,000. Finally, Renaissance Technologies LLC boosted its position in First Commonwealth Financial by 19.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,570,600 shares of the bank’s stock valued at $25,349,000 after acquiring an additional 255,200 shares in the last quarter. 68.21% of the stock is currently owned by institutional investors and hedge funds.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiaries, 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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