First Commonwealth Financial (NYSE:FCF) Upgraded to “Hold” at StockNews.com

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

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

First Commonwealth Financial Price Performance

Shares of NYSE:FCF opened at $17.10 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.74 billion, a PE ratio of 11.55 and a beta of 0.86. The company’s fifty day moving average is $17.99 and its 200 day moving average is $16.63. First Commonwealth Financial has a 52 week low of $12.41 and a 52 week high of $19.96.

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

Institutional Trading of First Commonwealth Financial

Several large investors have recently added to or reduced their stakes in FCF. Farther Finance Advisors LLC raised its holdings in First Commonwealth Financial by 2,572.6% in the 3rd 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 in the last quarter. Quest Partners LLC bought a new stake in shares of First Commonwealth Financial during the 2nd quarter valued at about $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of First Commonwealth Financial during the third quarter valued at about $46,000. Innealta Capital LLC bought a new position in First Commonwealth Financial in the second quarter worth about $51,000. Finally, CWM LLC lifted its holdings in First Commonwealth Financial by 92.0% in the third quarter. CWM LLC now owns 3,830 shares of the bank’s stock worth $66,000 after buying an additional 1,835 shares during the period. Institutional investors own 72.58% of the company’s stock.

About First Commonwealth Financial

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.