First Commonwealth Financial Corporation (NYSE:FCF) has earned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $8.96.

FCF has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Royal Bank Of Canada initiated coverage on shares of First Commonwealth Financial Corporation in a report on Monday, July 17th. They set an “outperform” rating and a $14.00 price target on the stock. Raymond James Financial, Inc. dropped their price target on shares of First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. BidaskClub raised shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Canaccord Genuity dropped their price target on shares of First Commonwealth Financial Corporation from C$4.25 to C$3.25 and set a “buy” rating on the stock in a report on Wednesday, August 30th.

Shares of First Commonwealth Financial Corporation (FCF) opened at 13.13 on Friday. First Commonwealth Financial Corporation has a 12 month low of $9.62 and a 12 month high of $14.61. The firm has a 50-day moving average of $12.71 and a 200 day moving average of $12.90. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 18.55 and a beta of 0.99.

First Commonwealth Financial Corporation (NYSE:FCF) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $76.72 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.14 EPS. On average, analysts expect that First Commonwealth Financial Corporation will post $0.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Thursday, August 3rd. First Commonwealth Financial Corporation’s payout ratio is presently 45.07%.

Large investors have recently modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of First Commonwealth Financial Corporation by 6.5% in 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 during the period. AQR Capital Management LLC lifted its stake in shares of First Commonwealth Financial Corporation by 19.1% in the 1st quarter. AQR Capital Management LLC now owns 389,862 shares of the bank’s stock worth $5,170,000 after purchasing an additional 62,401 shares during the period. Vanguard Group Inc. lifted its stake in shares of First Commonwealth Financial Corporation by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 8,687,245 shares of the bank’s stock worth $115,193,000 after purchasing an additional 792,067 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of First Commonwealth Financial Corporation by 11.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 18,239 shares of the bank’s stock worth $242,000 after purchasing an additional 1,850 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of First Commonwealth Financial Corporation by 33.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,813,596 shares of the bank’s stock worth $24,049,000 after purchasing an additional 453,031 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

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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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