First Commonwealth Financial (NYSE:FCF) Upgraded at StockNews.com

First Commonwealth Financial (NYSE:FCF) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler lowered their target price on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Keefe, Bruyette & Woods lifted their price objective on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, First Commonwealth Financial has an average rating of “Hold” and a consensus price target of $17.70.

First Commonwealth Financial Stock Up 0.7 %

First Commonwealth Financial stock opened at $17.05 on Tuesday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 11.52 and a beta of 0.86. First Commonwealth Financial has a 52-week low of $12.41 and a 52-week high of $19.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50 day moving average price of $18.00 and a two-hundred day moving average price of $16.57.

First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Tuesday, October 29th. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). First Commonwealth Financial had a return on equity of 11.19% and a net margin of 21.87%. The firm had revenue of $121.21 million for the quarter, compared to the consensus estimate of $119.47 million. During the same period in the prior year, the business earned $0.39 EPS. First Commonwealth Financial’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts predict that First Commonwealth Financial will post 1.4 EPS for the current year.

Institutional Trading of First Commonwealth Financial

Several hedge funds have recently bought and sold shares of FCF. Sanctuary Advisors LLC lifted its stake in shares of First Commonwealth Financial by 4.2% in the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock valued at $268,000 after buying an additional 633 shares in the last quarter. Natixis Advisors LLC boosted its stake in First Commonwealth Financial by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock valued at $272,000 after purchasing an additional 883 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in First Commonwealth Financial by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the bank’s stock valued at $708,000 after purchasing an additional 900 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in First Commonwealth Financial by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock worth $332,000 after purchasing an additional 1,112 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of First Commonwealth Financial by 2,572.6% in the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock worth $28,000 after purchasing an additional 1,595 shares during the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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.