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

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

The firm has a market capitalization of $879.50 million and a PE ratio of 18.71. The stock has a 50-day moving average of $9.32 and a 200-day moving average of $8.95.

First Commonwealth Financial Corp. (NYSE:FCF) last issued its quarterly earnings results 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 previous year, the business posted $0.15 EPS. On average, equities research analysts expect that First Commonwealth Financial Corp. will post $0.61 EPS for the current fiscal year.

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

Several hedge funds and institutional investors have recently made changes to their positions in FCF. Rhumbline Advisers increased its position 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 worth $1,443,000 after buying an additional 3,880 shares during the period. California State Teachers Retirement System increased its position 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 worth $1,495,000 after buying an additional 2,884 shares during the period. Russell Frank Co increased its position 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 worth $3,684,000 after buying an additional 109,636 shares during the period. Finally, Victory Capital Management Inc. increased its position 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 worth $20,830,000 after buying an additional 64,723 shares during the period.

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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