FCF has been the subject of several other reports. Royal Bank of Canada initiated coverage on First Commonwealth Financial in a report on Friday, October 11th. They set an outperform rating and a $16.00 target price for the company. Zacks Investment Research lowered First Commonwealth Financial from a hold rating to a sell rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $15.67.
Shares of NYSE FCF remained flat at $$14.32 during mid-day trading on Thursday. The stock had a trading volume of 265,049 shares, compared to its average volume of 390,257. First Commonwealth Financial has a twelve month low of $12.02 and a twelve month high of $14.93. The firm has a market cap of $1.41 billion, a PE ratio of 13.02 and a beta of 1.16. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average is $14.43 and its 200 day moving average is $13.58.
First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Tuesday, October 29th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. First Commonwealth Financial had a return on equity of 10.76% and a net margin of 26.01%. The business had revenue of $91.10 million during the quarter, compared to the consensus estimate of $91.58 million. During the same period in the prior year, the business posted $0.25 earnings per share. First Commonwealth Financial’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that First Commonwealth Financial will post 1.11 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of FCF. Smithfield Trust Co. raised its position in First Commonwealth Financial by 533.3% during the third quarter. Smithfield Trust Co. now owns 2,375 shares of the bank’s stock valued at $32,000 after buying an additional 2,000 shares during the period. Winthrop Partners WNY LLC acquired a new position in First Commonwealth Financial during the third quarter valued at $52,000. A.R.T. Advisors LLC raised its position in First Commonwealth Financial by 101.8% during the second quarter. A.R.T. Advisors LLC now owns 27,757 shares of the bank’s stock valued at $374,000 after buying an additional 14,000 shares during the period. Jefferies Group LLC acquired a new position in First Commonwealth Financial during the second quarter valued at $382,000. Finally, Metropolitan Life Insurance Co NY raised its position in First Commonwealth Financial by 3.9% during the third quarter. Metropolitan Life Insurance Co NY now owns 31,259 shares of the bank’s stock valued at $415,000 after buying an additional 1,185 shares during the period. 67.21% of the stock is currently owned by hedge funds and other institutional investors.
About First Commonwealth Financial
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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