First Commonwealth Financial (FCF) Receives $7.65 Average PT from Analysts

First Commonwealth Financial (NYSE:FCF) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $7.65.

A number of research analysts have issued reports on the stock. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$4.50 target price on shares of First Commonwealth Financial in a report on Wednesday, March 1st. Zacks Investment Research cut shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th. FBR & Co increased their target price on shares of First Commonwealth Financial from $14.00 to $15.00 and gave the company a “mkt perform” rating in a report on Thursday, January 26th. Canaccord Genuity reaffirmed a “buy” rating and issued a C$4.50 target price on shares of First Commonwealth Financial in a report on Tuesday, January 17th. Finally, Desjardins assumed coverage on shares of First Commonwealth Financial in a report on Tuesday, November 29th. They issued a “buy” rating and a C$4.75 target price for the company.

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Shares of First Commonwealth Financial (NYSE:FCF) opened at 12.99 on Tuesday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 19.39 and a beta of 0.96. The stock’s 50 day moving average is $13.82 and its 200 day moving average is $12.36. First Commonwealth Financial has a 52-week low of $8.32 and a 52-week high of $14.61.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Wednesday, January 25th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. 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 firm earned $0.11 earnings per share. On average, equities analysts expect that First Commonwealth Financial will post $0.77 earnings per share for the current fiscal year.

In related news, Director Stephen Reid bought 10,000 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was bought at an average cost of $3.44 per share, with a total value of $34,400.00. Over the last ninety days, insiders acquired 42,409 shares of company stock valued at $149,465. 1.58% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. 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 company’s stock valued at $130,000 after buying an additional 429 shares in the last quarter. 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 company’s stock valued at $272,000 after buying an additional 721 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in First Commonwealth Financial by 17.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,968 shares of the company’s stock valued at $141,000 after buying an additional 1,477 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in First Commonwealth Financial by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 548,205 shares of the company’s stock valued at $7,774,000 after buying an additional 2,170 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in First Commonwealth Financial by 3.1% in the third quarter. Great West Life Assurance Co. Can now owns 116,669 shares of the company’s stock valued at $1,176,000 after buying an additional 3,494 shares in the last quarter. Institutional investors and hedge funds own 62.05% of the company’s stock.

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.

5 Day Chart for NYSE:FCF

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