ValuEngine downgraded shares of First Commonwealth Financial Corporation (NYSE:FCF) from a buy rating to a hold rating in a research report report published on Thursday morning.

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded First Commonwealth Financial Corporation from a hold rating to a sell rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a research report on Thursday, August 10th. Zacks Investment Research downgraded First Commonwealth Financial Corporation from a buy rating to a hold rating in a research report on Monday, September 18th. Royal Bank Of Canada reaffirmed a buy rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a research report on Friday, September 8th. Finally, FBR & Co reaffirmed a neutral rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. First Commonwealth Financial Corporation has a consensus rating of Hold and a consensus price target of $9.96.

Shares of First Commonwealth Financial Corporation (FCF) traded up $0.04 during midday trading on Thursday, hitting $14.22. The stock had a trading volume of 403,199 shares, compared to its average volume of 429,409. First Commonwealth Financial Corporation has a 52 week low of $11.80 and a 52 week high of $14.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $1,385.87, a P/E ratio of 17.13 and a beta of 0.97.

First Commonwealth Financial Corporation (NYSE:FCF) last issued its earnings results on Wednesday, October 25th. The bank reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. First Commonwealth Financial Corporation had a return on equity of 9.53% and a net margin of 21.96%. The company had revenue of $80.46 million during the quarter, compared to the consensus estimate of $79.29 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was up 20.8% compared to the same quarter last year. sell-side analysts expect that First Commonwealth Financial Corporation will post 0.82 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, November 3rd. First Commonwealth Financial Corporation’s dividend payout ratio is currently 43.24%.

A number of institutional investors and hedge funds have recently modified their holdings of FCF. BlackRock Inc. boosted its holdings in First Commonwealth Financial Corporation by 45,299.4% in the first quarter. BlackRock Inc. now owns 10,979,393 shares of the bank’s stock valued at $145,588,000 after purchasing an additional 10,955,209 shares during the last quarter. Vanguard Group Inc. boosted its holdings in First Commonwealth Financial Corporation by 10.0% in the first quarter. Vanguard Group Inc. now owns 8,687,245 shares of the bank’s stock valued at $115,193,000 after purchasing an additional 792,067 shares during the last quarter. State Street Corp boosted its holdings in First Commonwealth Financial Corporation by 14.5% in the first quarter. State Street Corp now owns 3,001,842 shares of the bank’s stock valued at $39,802,000 after purchasing an additional 379,322 shares during the last quarter. Citadel Advisors LLC purchased a new position in First Commonwealth Financial Corporation in the second quarter valued at about $3,416,000. Finally, Koch Industries Inc. purchased a new position in First Commonwealth Financial Corporation in the second quarter valued at about $201,000. 63.49% of the stock is owned by hedge funds and other institutional investors.

About First Commonwealth Financial Corporation

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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Analyst Recommendations for First Commonwealth Financial Corporation (NYSE:FCF)

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