First Commonwealth Financial Corporation (FCF) Rating Reiterated by Keefe, Bruyette & Woods

First Commonwealth Financial Corporation (NYSE:FCF)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued on Thursday. They currently have a $14.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 12.72% from the stock’s previous close.

Several other research firms have also recently weighed in on FCF. Royal Bank Of Canada started coverage on shares of First Commonwealth Financial Corporation in a research report on Monday, July 17th. They issued an “outperform” rating and a $14.00 price objective for the company. BidaskClub upgraded shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. FBR & Co restated a “hold” rating on shares of First Commonwealth Financial Corporation in a research report on Wednesday, April 26th. 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. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. First Commonwealth Financial Corporation has an average rating of “Buy” and an average price target of $10.21.

First Commonwealth Financial Corporation (NYSE FCF) opened at 12.42 on Thursday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 17.54 and a beta of 0.97. First Commonwealth Financial Corporation has a 52 week low of $9.62 and a 52 week high of $14.61. The firm’s 50-day moving average price is $12.82 and its 200-day moving average price is $13.14.

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

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

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of First Commonwealth Financial Corporation during the fourth quarter valued at approximately $9,506,000. Bank of Montreal Can boosted its stake in shares of 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 valued at $153,000 after buying an additional 698 shares during the last quarter. Swiss National Bank boosted its stake in shares of First Commonwealth Financial Corporation by 9.5% in the first quarter. Swiss National Bank now owns 162,000 shares of the bank’s stock valued at $2,148,000 after buying an additional 14,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of First Commonwealth Financial Corporation by 11.3% in the first quarter. BNP Paribas Arbitrage SA now owns 18,239 shares of the bank’s stock valued at $242,000 after buying an additional 1,850 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of First Commonwealth Financial Corporation by 33.3% in the first quarter. Bank of New York Mellon Corp now owns 1,813,596 shares of the bank’s stock valued at $24,049,000 after buying an additional 453,031 shares during the last quarter. Institutional investors own 60.19% of the company’s stock.

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.

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