Stephens Lowers First Commonwealth Financial (NYSE:FCF) Price Target to $15.50

First Commonwealth Financial (NYSE:FCFGet Free Report) had its target price lowered by analysts at Stephens from $16.50 to $15.50 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Stephens’ target price would indicate a potential upside of 17.51% from the stock’s previous close.

FCF has been the topic of a number of other reports. Royal Bank of Canada lowered their price target on shares of First Commonwealth Financial from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Monday, January 29th.

View Our Latest Stock Analysis on FCF

First Commonwealth Financial Price Performance

FCF stock opened at $13.19 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.14. First Commonwealth Financial has a 12 month low of $11.16 and a 12 month high of $16.53. The firm has a market cap of $1.35 billion, a P/E ratio of 8.56 and a beta of 0.88. The company’s 50-day moving average price is $14.66 and its two-hundred day moving average price is $13.53.

First Commonwealth Financial (NYSE:FCFGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. First Commonwealth Financial had a net margin of 25.07% and a return on equity of 13.78%. The firm had revenue of $168.55 million for the quarter, compared to the consensus estimate of $123.17 million. During the same quarter in the previous year, the company earned $0.39 EPS. On average, analysts anticipate that First Commonwealth Financial will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FCF. FMR LLC boosted its stake in First Commonwealth Financial by 1.6% during the second quarter. FMR LLC now owns 43,326 shares of the bank’s stock worth $581,000 after buying an additional 673 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in First Commonwealth Financial by 14.1% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 5,758 shares of the bank’s stock worth $80,000 after buying an additional 710 shares during the last quarter. EMC Capital Management lifted its stake in shares of First Commonwealth Financial by 7.0% in the 3rd quarter. EMC Capital Management now owns 12,300 shares of the bank’s stock valued at $150,000 after purchasing an additional 807 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of First Commonwealth Financial by 0.4% in the 2nd quarter. Legal & General Group Plc now owns 273,391 shares of the bank’s stock valued at $3,669,000 after purchasing an additional 1,003 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of First Commonwealth Financial by 8.3% in the 2nd quarter. ProShare Advisors LLC now owns 16,008 shares of the bank’s stock valued at $203,000 after purchasing an additional 1,228 shares during the last quarter. 66.73% of the stock is currently owned by hedge funds and other institutional investors.

About First Commonwealth Financial

(Get Free Report)

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.

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