First Commonwealth Financial (NYSE:FCF) Upgraded at StockNews.com

First Commonwealth Financial (NYSE:FCF - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Tuesday.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. DA Davidson reiterated a "buy" rating and issued a $21.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. Finally, Stephens reiterated an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.58.

First Commonwealth Financial Price Performance

Shares of First Commonwealth Financial stock traded up $0.09 on Tuesday, hitting $14.57. 2,636,638 shares of the company traded hands, compared to its average volume of 608,602. First Commonwealth Financial has a 12-month low of $12.71 and a 12-month high of $19.96. The firm's 50-day simple moving average is $15.50 and its 200 day simple moving average is $16.72. The company has a market cap of $1.48 billion, a P/E ratio of 10.48 and a beta of 0.72. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last released its quarterly earnings data 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 10.36% and a net margin of 20.38%. Analysts expect that First Commonwealth Financial will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of First Commonwealth Financial

A number of hedge funds and other institutional investors have recently modified their holdings of FCF. Wealth Enhancement Advisory Services LLC increased its position in First Commonwealth Financial by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,680 shares of the bank's stock valued at $337,000 after buying an additional 2,088 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of First Commonwealth Financial during the 1st quarter worth $484,000. Vest Financial LLC bought a new stake in shares of First Commonwealth Financial during the 1st quarter valued at $1,473,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of First Commonwealth Financial in the 1st quarter worth $244,000. Finally, GAMMA Investing LLC raised its holdings in First Commonwealth Financial by 1,385.9% in the 1st quarter. GAMMA Investing LLC now owns 32,898 shares of the bank's stock worth $511,000 after purchasing an additional 30,684 shares during the period. 72.58% of the stock is owned by hedge funds and other institutional investors.

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.