First Commonwealth Financial (NYSE:FCF) Rating Lowered to Sell at StockNews.com

First Commonwealth Financial (NYSE:FCF) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other analysts have also issued reports on FCF. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Stephens reissued an “overweight” rating and set a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, First Commonwealth Financial currently has an average rating of “Hold” and a consensus target price of $19.58.

First Commonwealth Financial Trading Up 3.6 %

Shares of FCF stock opened at $14.82 on Wednesday. First Commonwealth Financial has a 12-month low of $12.71 and a 12-month high of $19.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $15.43 and a 200-day moving average of $16.69. The firm has a market cap of $1.51 billion, a P/E ratio of 10.66 and a beta of 0.72.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. Sell-side analysts anticipate that First Commonwealth Financial will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On First Commonwealth Financial

A number of institutional investors and hedge funds have recently made changes to their positions in FCF. Crowley Wealth Management Inc. bought a new position in First Commonwealth Financial in the 4th quarter worth about $42,000. Wilmington Savings Fund Society FSB bought a new position in shares of First Commonwealth Financial in the third quarter worth approximately $46,000. Sterling Capital Management LLC raised its stake in First Commonwealth Financial by 815.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,187 shares of the bank’s stock valued at $54,000 after purchasing an additional 2,839 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank’s stock worth $57,000 after buying an additional 2,154 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of First Commonwealth Financial by 56.8% in the 4th quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank’s stock worth $57,000 after buying an additional 1,227 shares during the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.

About First Commonwealth Financial

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.