First Commonwealth Financial (NYSE: FCF – Get a rating) saw its price target lowered by B. Riley stock research analysts from $18.00 to $16.00 in a research report released on Monday, Fly reports. B. Riley’s price target indicates a potential upside of 17.39% from the stock’s previous close.
Several other research analysts have also weighed in on the company recently. Raymond James upgraded First Commonwealth Financial from an “outperforming” rating to a “market performing” rating in a research report on Thursday. StockNews.com launched coverage on First Commonwealth Financial in a research report on Thursday, March 31. They issued a “hold” rating on the stock. Four analysts gave the stock a hold rating and three gave the stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.50.
FCF stock opened at $13.63 on Monday. The company has a debt ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $1.29 billion, a price/earnings ratio of 10.25 and a beta of 1.00. The company’s fifty-day moving average price is $13.55 and its two-hundred-day moving average price is $15.04. First Commonwealth Financial has a fifty-two week low of $12.36 and a fifty-two week high of $17.63.
First Commonwealth Financial (NYSE: FCF – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The bank reported earnings per share of $0.29 for the quarter, missing the consensus estimate of $0.30 per ($0.01). The company posted revenue of $92.15 million for the quarter, versus a consensus estimate of $93.91 million. First Commonwealth Financial had a return on equity of 11.51% and a net margin of 32.00%. The company’s quarterly revenue was down 4.8% year over year. In the same quarter of the previous year, the company achieved EPS of $0.41. Research analysts expect First Commonwealth Financial to post EPS of 1.36 for the current year.
Hedge funds have recently changed their positions in the business. Citigroup Inc. increased its stake in shares of First Commonwealth Financial by 40.4% during the fourth quarter. Citigroup Inc. now owns 76,330 shares of the bank valued at $1,228,000 after buying an additional 21,948 shares last quarter. Victory Capital Management Inc. increased its stake in shares of First Commonwealth Financial by 17.1% during the fourth quarter. Victory Capital Management Inc. now owns 522,185 shares of the bank valued at $8,402,000 after purchasing an additional 76,233 shares last quarter. DA Davidson & CO. acquired a new stake in shares of First Commonwealth Financial during the fourth quarter valued at approximately $341,000. Jennison Associates LLC acquired a new position in shares of First Commonwealth Financial in the fourth quarter worth approximately $1,348,000. Finally, McKinley Carter Wealth Services Inc. increased its stake in shares of First Commonwealth Financial by 24.0% in the first quarter. McKinley Carter Wealth Services Inc. now owns 15,497 shares of the bank worth $235,000 after acquiring 2,997 additional shares during the period. 68.56% of the shares are currently held by hedge funds and other institutional investors.
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.
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