First Commonwealth Financial (NYSE:FCF) Lowered to "Sell" Rating by StockNews.com

First Commonwealth Financial (NYSE:FCF - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods upped their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens restated an "overweight" rating and set a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday. Finally, Piper Sandler reduced their target price on First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $18.90.

First Commonwealth Financial Trading Down 3.8 %

Shares of First Commonwealth Financial stock traded down $0.63 during trading hours on Wednesday, reaching $16.19. 907,149 shares of the company's stock were exchanged, compared to its average volume of 715,469. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 10.94 and a beta of 0.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. First Commonwealth Financial has a 52-week low of $12.41 and a 52-week high of $19.96. The company has a fifty day moving average of $17.43 and a 200-day moving average of $17.15.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share 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%. Sell-side analysts forecast that First Commonwealth Financial will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On First Commonwealth Financial

A number of large investors have recently modified their holdings of FCF. Charles Schwab Investment Management Inc. boosted its holdings in First Commonwealth Financial by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank's stock worth $64,876,000 after acquiring an additional 105,116 shares during the period. Franklin Resources Inc. lifted its position in shares of First Commonwealth Financial by 15.3% during the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock worth $58,601,000 after purchasing an additional 456,119 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of First Commonwealth Financial by 7.2% in the third quarter. Principal Financial Group Inc. now owns 538,964 shares of the bank's stock valued at $9,243,000 after purchasing an additional 36,001 shares during the period. Nordea Investment Management AB grew its holdings in First Commonwealth Financial by 2.9% during the 4th quarter. Nordea Investment Management AB now owns 213,437 shares of the bank's stock valued at $3,611,000 after purchasing an additional 6,091 shares in the last quarter. Finally, Barclays PLC increased its stake in First Commonwealth Financial by 121.8% during the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank's stock worth $3,631,000 after buying an additional 116,295 shares during the period. Institutional investors and hedge funds own 72.58% of the company's stock.

First Commonwealth Financial Company Profile

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.

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