First Commonwealth Financial’s (FCF) “Overweight” Rating Reiterated at Stephens

First Commonwealth Financial (NYSE:FCF)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $21.50 target price on the bank’s stock. Stephens’ price objective indicates a potential upside of 30.74% from the stock’s current price.

FCF has been the subject of several other reports. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st. Keefe, Bruyette & Woods increased 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. Finally, Piper Sandler dropped their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.90.

First Commonwealth Financial Stock Down 2.2 %

FCF stock traded down $0.38 during trading on Wednesday, reaching $16.45. The stock had a trading volume of 123,770 shares, compared to its average volume of 671,064. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $17.48 and a 200 day moving average price of $17.16. The company has a market capitalization of $1.67 billion, a P/E ratio of 11.12 and a beta of 0.88. First Commonwealth Financial has a 1-year low of $12.41 and a 1-year high of $19.96.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 11.19% and a net margin of 21.87%. On average, equities analysts anticipate that First Commonwealth Financial will post 1.4 earnings per share for the current year.

Institutional Trading of First Commonwealth Financial

Several institutional investors have recently added to or reduced their stakes in FCF. Farther Finance Advisors LLC boosted its holdings in shares of 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 valued at $28,000 after buying an additional 1,595 shares during the period. Wilmington Savings Fund Society FSB bought a new position in First Commonwealth Financial in the third quarter worth about $46,000. CWM LLC boosted its stake in First Commonwealth Financial by 92.0% in the third quarter. CWM LLC now owns 3,830 shares of the bank’s stock valued at $66,000 after acquiring an additional 1,835 shares during the period. nVerses Capital LLC bought a new position in shares of First Commonwealth Financial during the third quarter valued at approximately $72,000. Finally, KBC Group NV raised its position in shares of First Commonwealth Financial by 61.6% during the 4th quarter. KBC Group NV now owns 5,842 shares of the bank’s stock worth $99,000 after purchasing an additional 2,226 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.