Analysts Set First Commonwealth Financial (NYSE:FCF) PT at $16.00

First Commonwealth Financial (NYSE:FCF) has earned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.00.

Several research analysts recently weighed in on FCF shares. B. Riley set a $16.00 target price on shares of First Commonwealth Financial and gave the stock a “buy” rating in a report on Wednesday, July 24th. Boenning Scattergood reissued a “neutral” rating on shares of First Commonwealth Financial in a report on Thursday, June 20th. ValuEngine raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th.

Shares of First Commonwealth Financial stock opened at $12.69 on Monday. The company has a market capitalization of $1.28 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day moving average of $12.85 and a 200 day moving average of $13.05. First Commonwealth Financial has a fifty-two week low of $11.33 and a fifty-two week high of $16.46.



First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $89.03 million during the quarter, compared to the consensus estimate of $88.15 million. First Commonwealth Financial had a net margin of 26.30% and a return on equity of 10.49%. During the same quarter in the prior year, the firm posted $0.33 EPS. Analysts forecast that First Commonwealth Financial will post 1.1 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc raised its position in shares of First Commonwealth Financial by 2,233.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the bank’s stock valued at $88,000 after buying an additional 6,700 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in shares of First Commonwealth Financial during the 2nd quarter valued at about $197,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of First Commonwealth Financial during the 2nd quarter valued at about $213,000. A.R.T. Advisors LLC raised its position in shares of First Commonwealth Financial by 101.8% during the 2nd quarter. A.R.T. Advisors LLC now owns 27,757 shares of the bank’s stock valued at $374,000 after buying an additional 14,000 shares in the last quarter. Finally, Jefferies Group LLC purchased a new stake in shares of First Commonwealth Financial during the 2nd quarter valued at about $382,000. 67.06% of the stock is 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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