Commonwealth Financial’s (NYSE:FCF) first financial coverage launched on began to cover the shares of First Commonwealth Financial (NYSE: FCF – Get a rating) in a research note released Thursday to investors. The brokerage has placed a “hold” rating on the bank’s shares.

A number of other research companies have also weighed in on FCF recently. Zacks Investment Research moved shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a target price of $18.00 on the stock in a Wednesday, Jan. 5 research report. DA Davidson reissued a “buy” rating on First Commonwealth Financial shares in a research report on Thursday, January 27. Finally, B. Riley moved shares of First Commonwealth Financial from a “neutral” rating to a “buy” rating and raised his price target for the company from $16.00 to $19.00 in a report research on Thursday, January 27. Three research analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from, the stock has an average buy rating and an average price target of $18.67.

NYSE FCF shares opened at $15.42 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt ratio of 0.16. First Commonwealth Financial has a 12-month low of $12.36 and a 12-month high of $17.63. The company has a market capitalization of $1.45 billion, a PE ratio of 10.63 and a beta of 1.05. The company has a fifty-day simple moving average of $16.06 and a two-hundred-day simple moving average of $15.47.

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First Commonwealth Financial (NYSE: FCF – Get a rating) last released its results on Tuesday, January 25. The bank reported earnings per share of $0.37 for the quarter, beating the Zacks consensus estimate of $0.33 by $0.04. The company posted revenue of $96.33 million for the quarter, versus a consensus estimate of $97.09 million. First Commonwealth Financial had a net margin of 34.51% and a return on equity of 12.55%. The company’s revenue increased by 2.3% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.27. On average, sell-side analysts expect First Commonwealth Financial to post 1.3 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in First Commonwealth Financial by 12.5% ​​during the second quarter. Thrivent Financial for Lutherans now owns 88,898 shares of the bank valued at $1,251,000 after acquiring an additional 9,904 shares during the period. SG Americas Securities LLC bought a new position in First Commonwealth Financial during Q3, valued at approximately $638,000. Morgan Stanley increased its stake in First Commonwealth Financial by 6.3% in the second quarter. Morgan Stanley now owns 523,180 shares of the bank valued at $7,361,000 after acquiring 31,025 additional shares during the period. Franklin Resources Inc. bought a new position in shares of First Commonwealth Financial in Q3 for a value of approximately $460,000. Finally, Metropolitan Life Insurance Co NY increased its stake in the shares of First Commonwealth Financial by 9.9% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 24,282 shares of the bank worth $331,000 after purchasing 2,186 additional shares during the period. Institutional investors and hedge funds hold 67.70% of the company’s shares.

About First Commonwealth Financial (Get a rating)

First Commonwealth Financial Corporation, a financial holding company, provides various retail and corporate banking services in the United States. Its consumer services include personal checking accounts, interest-bearing checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, interest rate certificates of deposit fixed and variable loans, mortgages, secured and unsecured installment loans, construction and home loans, safe deposit boxes, credit cards, lines of credit with overdraft protection, IRA accounts and automated teller machine (ATM) services ), as well as internet, mobile and telephone banking.

Further reading

Analyst Recommendations for First Commonwealth Financial (NYSE:FCF)

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