Shares of First Commonwealth Financial Corp. (NYSE:FCF) hit a new 52-week high on Friday . The company traded as high as $9.99 and last traded at $9.99, with a volume of 206,447 shares changing hands. The stock had previously closed at $9.66.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded First Commonwealth Financial Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. FBR & Co raised their target price on First Commonwealth Financial Corp. from $9.50 to $10.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on First Commonwealth Financial Corp. from $9.00 to $9.50 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Six research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $9.40.

The stock has a market capitalization of $879.50 million and a PE ratio of 18.71. The company has a 50 day moving average price of $9.29 and a 200 day moving average price of $8.94.

First Commonwealth Financial Corp. (NYSE:FCF) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.02. During the same quarter in the prior year, the firm earned $0.15 EPS. Equities research analysts anticipate that First Commonwealth Financial Corp. will post $0.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, August 4th. This represents a $0.28 annualized dividend and a yield of 2.83%.

A number of hedge funds have made changes to their positions in FCF. Russell Frank Co boosted its stake in shares of First Commonwealth Financial Corp. by 37.6% in the fourth quarter. Russell Frank Co now owns 401,276 shares of the company’s stock valued at $3,684,000 after buying an additional 109,636 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of First Commonwealth Financial Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 164,858 shares of the company’s stock valued at $1,495,000 after buying an additional 2,884 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of First Commonwealth Financial Corp. by 2.5% in the fourth quarter. Rhumbline Advisers now owns 159,105 shares of the company’s stock valued at $1,443,000 after buying an additional 3,880 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of First Commonwealth Financial Corp. by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,296,672 shares of the company’s stock valued at $20,830,000 after buying an additional 64,723 shares in the last quarter.

First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

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