First Commonwealth Financial Corp. (NYSE:FCF) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.99 and last traded at $9.98, with a volume of 79,885 shares. The stock had previously closed at $9.94.

Several research analysts have issued reports on the stock. FBR & Co increased their target price on shares of First Commonwealth Financial Corp. from $9.50 to $10.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. Keefe, Bruyette & Woods raised their price target on shares of First Commonwealth Financial Corp. from $9.00 to $9.50 and gave the company a “market perform” rating in a report on Friday, July 29th. Finally, 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. Six investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $9.40.

The company has a 50 day moving average price of $9.70 and a 200-day moving average price of $9.12. The company has a market capitalization of $886.53 million and a P/E ratio of 18.87.

First Commonwealth Financial Corp. (NYSE:FCF) last issued 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 previous year, the firm posted $0.15 EPS. On average, equities analysts anticipate that First Commonwealth Financial Corp. will post $0.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were issued a $0.07 dividend. The ex-dividend date was Thursday, August 4th. This represents a $0.28 annualized dividend and a yield of 2.81%.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.