First Commonwealth Financial (NYSE:FCF) Receives Average Recommendation of “Hold” from Brokerages

First Commonwealth Financial (NYSE:FCF) has earned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.00.

Several research analysts have recently weighed in on FCF shares. Zacks Investment Research upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, April 30th. Boenning Scattergood reiterated a “hold” rating on shares of First Commonwealth Financial in a research report on Wednesday, April 24th. Finally, ValuEngine cut First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th.

FCF stock opened at $13.47 on Friday. First Commonwealth Financial has a 1-year low of $11.33 and a 1-year high of $17.91. The business has a fifty day simple moving average of $13.02. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.25 billion, a PE ratio of 12.25, a P/E/G ratio of 1.46 and a beta of 1.18.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). First Commonwealth Financial had a return on equity of 11.25% and a net margin of 27.84%. The business had revenue of $84.80 million during the quarter, compared to analysts’ expectations of $84.91 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts expect that First Commonwealth Financial will post 1.09 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in First Commonwealth Financial during the first quarter valued at $1,479,000. Jennison Associates LLC purchased a new stake in First Commonwealth Financial during the first quarter valued at $671,000. NumerixS Investment Technologies Inc increased its position in First Commonwealth Financial by 2,233.3% during the first quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the bank’s stock valued at $88,000 after acquiring an additional 6,700 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in First Commonwealth Financial by 0.4% during the first quarter. Parametric Portfolio Associates LLC now owns 1,116,064 shares of the bank’s stock valued at $14,062,000 after acquiring an additional 4,994 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. increased its position in First Commonwealth Financial by 4.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 24,836 shares of the bank’s stock valued at $313,000 after acquiring an additional 1,170 shares during the last quarter. Institutional investors own 66.57% of the company’s stock.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services.

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Analyst Recommendations for First Commonwealth Financial (NYSE:FCF)

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