First Commonwealth Financial (NYSE:FCF) Stock Rating Lowered by StockNews.com

First Commonwealth Financial (NYSE:FCF - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.

A number of other equities analysts also recently commented on the stock. Stephens reaffirmed an "overweight" rating and set a $21.50 target price on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. DA Davidson reissued a "buy" rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Piper Sandler lowered their price target on First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, First Commonwealth Financial presently has a consensus rating of "Hold" and an average price target of $19.58.

First Commonwealth Financial Price Performance

Shares of FCF stock traded down $0.23 on Thursday, reaching $16.48. 359,383 shares of the company were exchanged, compared to its average volume of 666,804. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. First Commonwealth Financial has a 1 year low of $12.41 and a 1 year high of $19.96. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 11.85 and a beta of 0.87. The business has a 50-day moving average price of $17.11 and a 200 day moving average price of $17.17.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (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%. Equities research analysts forecast that First Commonwealth Financial will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Commonwealth Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in First Commonwealth Financial by 2,572.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank's stock worth $28,000 after buying an additional 1,595 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in First Commonwealth Financial during the third quarter worth approximately $46,000. Smartleaf Asset Management LLC boosted its holdings in First Commonwealth Financial by 173.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock valued at $57,000 after purchasing an additional 2,154 shares in the last quarter. Jones Financial Companies Lllp increased its stake in First Commonwealth Financial by 56.8% in the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock valued at $57,000 after purchasing an additional 1,227 shares during the last quarter. Finally, CWM LLC increased its stake in First Commonwealth Financial by 92.0% in the third quarter. CWM LLC now owns 3,830 shares of the bank's stock valued at $66,000 after purchasing an additional 1,835 shares during 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.