First Commonwealth Financial Corporation (NYSE:FCF) has earned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.95.

FCF has been the topic of a number of recent research reports. Raymond James Financial, Inc. dropped their target price on First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. Zacks Investment Research lowered First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank Of Canada initiated coverage on First Commonwealth Financial Corporation in a research report on Monday, July 17th. They issued an “outperform” rating and a $14.00 target price on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a research report on Wednesday, October 4th. Finally, Canaccord Genuity dropped their target price on First Commonwealth Financial Corporation from C$4.25 to C$3.25 and set a “buy” rating on the stock in a research report on Wednesday, August 30th.

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First Commonwealth Financial Corporation (NYSE:FCF) opened at 14.29 on Wednesday. The company has a 50-day moving average price of $13.23 and a 200-day moving average price of $12.91. First Commonwealth Financial Corporation has a 12-month low of $9.62 and a 12-month high of $14.61. The firm has a market cap of $1.39 billion, a P/E ratio of 20.18 and a beta of 1.01.

First Commonwealth Financial Corporation (NYSE:FCF) last announced its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $76.82 million. During the same quarter last year, the firm earned $0.14 EPS. On average, analysts predict that First Commonwealth Financial Corporation will post $0.80 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. IFP Advisors Inc increased its position in shares of First Commonwealth Financial Corporation by 0.6% during the 2nd quarter. IFP Advisors Inc now owns 20,524 shares of the bank’s stock worth $260,000 after purchasing an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of First Commonwealth Financial Corporation by 1.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 20,330 shares of the bank’s stock worth $270,000 after purchasing an additional 260 shares during the last quarter. Arizona State Retirement System increased its position in shares of First Commonwealth Financial Corporation by 1.1% during the 1st quarter. Arizona State Retirement System now owns 46,338 shares of the bank’s stock worth $614,000 after purchasing an additional 500 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of First Commonwealth Financial Corporation by 11.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock worth $108,000 after purchasing an additional 846 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of First Commonwealth Financial Corporation by 2.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,350 shares of the bank’s stock worth $398,000 after purchasing an additional 850 shares during the last quarter. 63.04% of the stock is currently owned by hedge funds and other institutional investors.

About First Commonwealth Financial Corporation

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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