First Commonwealth Financial Corporation (NYSE:FCF)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They presently have a $14.00 price objective on the bank’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 14.01% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, August 2nd. Canaccord Genuity upgraded shares of First Commonwealth Financial Corporation from a “speculative buy” rating to a “buy” rating and set a C$4.25 target price for the company in a research report on Thursday, June 1st. BidaskClub upgraded shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. First Commonwealth Financial Corporation presently has a consensus rating of “Buy” and a consensus price target of $9.82.

Shares of First Commonwealth Financial Corporation (FCF) opened at 12.28 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 17.34 and a beta of 0.99. The stock’s 50 day moving average is $12.71 and its 200 day moving average is $12.95. First Commonwealth Financial Corporation has a 12-month low of $9.62 and a 12-month high of $14.61.

First Commonwealth Financial Corporation (NYSE:FCF) last issued its earnings results on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $76.72 million during the quarter, compared to analysts’ expectations of $76.82 million. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. During the same period in the previous year, the company earned $0.14 EPS. Equities analysts expect that First Commonwealth Financial Corporation will post $0.80 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in FCF. Bank of Montreal Can increased its position in First Commonwealth Financial Corporation by 6.5% during the 1st quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock worth $153,000 after purchasing an additional 698 shares in the last quarter. Louisiana State Employees Retirement System increased its position in First Commonwealth Financial Corporation by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the bank’s stock worth $481,000 after purchasing an additional 500 shares in the last quarter. State of Alaska Department of Revenue increased its position in First Commonwealth Financial Corporation by 2.0% during the 1st quarter. State of Alaska Department of Revenue now owns 9,820 shares of the bank’s stock worth $130,000 after purchasing an additional 190 shares in the last quarter. Great West Life Assurance Co. Can increased its position in First Commonwealth Financial Corporation by 8.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 123,735 shares of the bank’s stock worth $1,637,000 after purchasing an additional 9,931 shares in the last quarter. Finally, First Trust Advisors LP increased its position in First Commonwealth Financial Corporation by 1.9% during the 1st quarter. First Trust Advisors LP now owns 134,671 shares of the bank’s stock worth $1,786,000 after purchasing an additional 2,452 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

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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