First Commonwealth Financial Corp. (NYSE:FCF) had its price target lowered by equities researchers at Keefe, Bruyette & Woods from $10.00 to $9.50 in a research note issued to investors on Wednesday. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 7.68% from the company’s previous close.

Separately, FBR & Co boosted their price objective 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. Six investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $9.40.

First Commonwealth Financial Corp. (NYSE:FCF) opened at 10.29 on Wednesday. The company’s 50-day moving average price is $10.02 and its 200 day moving average price is $9.33. First Commonwealth Financial Corp. has a 12 month low of $7.85 and a 12 month high of $10.36. The firm has a market capitalization of $914.07 million, a PE ratio of 19.45 and a beta of 1.23.

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 analysts’ consensus estimates of $0.16 by $0.02. First Commonwealth Financial Corp. had a net margin of 17.38% and a return on equity of 6.85%. During the same period last year, the company earned $0.15 earnings per share. On average, equities research analysts predict that First Commonwealth Financial Corp. will post $0.61 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. PineBridge Investments L.P. raised its stake in shares of First Commonwealth Financial Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 11,085 shares of the company’s stock worth $102,000 after buying an additional 440 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of First Commonwealth Financial Corp. during the second quarter worth approximately $104,000. Citadel Advisors LLC raised its stake in shares of First Commonwealth Financial Corp. by 1.4% in the second quarter. Citadel Advisors LLC now owns 12,173 shares of the company’s stock worth $112,000 after buying an additional 171 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of First Commonwealth Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,439 shares of the company’s stock worth $114,000 after buying an additional 1,506 shares during the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new stake in shares of First Commonwealth Financial Corp. during the first quarter worth approximately $160,000. 60.32% of the stock is owned by institutional investors and hedge funds.

First Commonwealth Financial Corp. Company Profile

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.

5 Day Chart for NYSE:FCF

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