First Commonwealth Financial (NYSE:FCF) Upgraded by StockNews.com to "Hold" Rating

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

FCF has been the topic of several other reports. Keefe, Bruyette & Woods increased their price objective on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Stephens reaffirmed an "overweight" rating and set a $21.50 price target on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. DA Davidson reaffirmed a "buy" rating and set a $21.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Piper Sandler lowered their price target on shares of First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.58.

First Commonwealth Financial Stock Performance

Shares of FCF traded down $0.08 during trading hours on Friday, hitting $16.54. The company had a trading volume of 290,993 shares, compared to its average volume of 694,216. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 11.90 and a beta of 0.87. The business has a fifty day moving average of $16.86 and a 200-day moving average of $17.11. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its quarterly earnings data 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 net margin of 20.38% and a return on equity of 10.36%. Equities analysts anticipate that First Commonwealth Financial will post 1.45 EPS for the current fiscal year.

Institutional Investors Weigh In On First Commonwealth Financial

A number of large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in First Commonwealth Financial by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank's stock worth $66,947,000 after buying an additional 173,817 shares in the last quarter. Franklin Resources Inc. grew its stake in 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 buying an additional 456,119 shares in the last quarter. American Century Companies Inc. grew its stake in First Commonwealth Financial by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,992,712 shares of the bank's stock worth $33,717,000 after buying an additional 9,588 shares in the last quarter. Northern Trust Corp grew its stake in First Commonwealth Financial by 13.7% during the fourth quarter. Northern Trust Corp now owns 1,483,405 shares of the bank's stock worth $25,099,000 after buying an additional 179,250 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in First Commonwealth Financial by 19.9% during the fourth quarter. First Trust Advisors LP now owns 1,268,410 shares of the bank's stock worth $21,461,000 after buying an additional 210,876 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors and hedge funds.

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.