Shares of First Commonwealth Financial Corporation (NYSE:FCF) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.42.

Several analysts recently weighed in on FCF shares. Canaccord Genuity lowered their price objective on First Commonwealth Financial Corporation from C$4.50 to C$4.25 and set a “speculative buy” rating for the company in a report on Monday, May 15th. Zacks Investment Research lowered First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. FBR & Co reaffirmed a “hold” rating on shares of First Commonwealth Financial Corporation in a report on Wednesday, April 26th. Royal Bank Of Canada initiated coverage on First Commonwealth Financial Corporation in a report on Monday, July 17th. They set an “outperform” rating and a $14.00 target price for the company. Finally, BidaskClub lowered First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd.

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In other First Commonwealth Financial Corporation news, Director Stephen Reid acquired 35,700 shares of First Commonwealth Financial Corporation stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $119,595.00. Over the last quarter, insiders have bought 88,444 shares of company stock valued at $271,168. Insiders own 1.72% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in First Commonwealth Financial Corporation during the first quarter worth $101,000. Quantbot Technologies LP purchased a new stake in First Commonwealth Financial Corporation during the second quarter worth $113,000. State of Alaska Department of Revenue increased its stake in First Commonwealth Financial Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 9,820 shares of the bank’s stock worth $130,000 after buying an additional 190 shares during the period. Trexquant Investment LP purchased a new stake in First Commonwealth Financial Corporation during the first quarter worth $138,000. Finally, Bank of Montreal Can increased its stake in First Commonwealth Financial Corporation by 6.5% in the first quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock worth $153,000 after buying an additional 698 shares during the period. Hedge funds and other institutional investors own 60.79% of the company’s stock.

First Commonwealth Financial Corporation (FCF) opened at 12.51 on Tuesday. First Commonwealth Financial Corporation has a 12-month low of $9.62 and a 12-month high of $14.61. The stock has a 50 day moving average price of $12.83 and a 200-day moving average price of $13.06. The stock has a market cap of $1.22 billion, a P/E ratio of 17.67 and a beta of 0.97.

First Commonwealth Financial Corporation (NYSE:FCF) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. First Commonwealth Financial Corporation had a return on equity of 9.45% and a net margin of 21.61%. The business had revenue of $76.72 million for the quarter, compared to analysts’ expectations of $76.82 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, equities analysts expect that First Commonwealth Financial Corporation will post $0.80 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.56%. First Commonwealth Financial Corporation’s dividend payout ratio is presently 45.07%.

First Commonwealth Financial Corporation 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.

Analyst Recommendations for First Commonwealth Financial Corporation (NYSE:FCF)

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