First Commonwealth Financial Corp. (NYSE:FCF) – Investment analysts at Boenning Scattergood raised their FY2016 EPS estimates for First Commonwealth Financial Corp. in a research note issued to investors on Tuesday. Boenning Scattergood analyst M. Schultheis now forecasts that the brokerage will earn $0.66 per share for the year, up from their prior estimate of $0.63. Boenning Scattergood also issued estimates for First Commonwealth Financial Corp.’s Q4 2016 earnings at $0.19 EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.18 EPS, Q3 2017 earnings at $0.19 EPS, Q4 2017 earnings at $0.21 EPS and FY2017 earnings at $0.75 EPS.

FCF has been the topic of several other research reports. Zacks Investment Research lowered First Commonwealth Financial Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. FBR & Co raised their price target 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. Finally, Keefe, Bruyette & Woods dropped their price objective on First Commonwealth Financial Corp. from $10.00 to $9.50 and set a “market perform” rating on the stock in a research report on Wednesday, September 21st. Six analysts have rated the stock with a hold rating, First Commonwealth Financial Corp. presently has an average rating of “Hold” and an average price target of $9.67.

Earnings History and Estimates for First Commonwealth Financial Corp. (NYSE:FCF)

Shares of First Commonwealth Financial Corp. (NYSE:FCF) opened at 9.94 on Thursday. The stock’s 50 day moving average is $10.06 and its 200 day moving average is $9.40. The stock has a market cap of $882.98 million, a price-to-earnings ratio of 18.79 and a beta of 1.10. First Commonwealth Financial Corp. has a 52-week low of $7.85 and a 52-week high of $10.36.

First Commonwealth Financial Corp. (NYSE:FCF) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the business posted $0.15 EPS.

A number of large investors have recently modified their holdings of FCF. Aperio Group LLC increased its stake in shares of First Commonwealth Financial Corp. by 129.7% in the first quarter. Aperio Group LLC now owns 47,832 shares of the company’s stock valued at $424,000 after buying an additional 27,006 shares in the last quarter. Swiss National Bank increased its stake in shares of First Commonwealth Financial Corp. by 1.7% in the second quarter. Swiss National Bank now owns 157,500 shares of the company’s stock valued at $1,449,000 after buying an additional 2,700 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of First Commonwealth Financial Corp. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,491,423 shares of the company’s stock valued at $22,074,000 after buying an additional 38,619 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of First Commonwealth Financial Corp. during the second quarter valued at $4,247,000. Finally, Virginia Retirement System acquired a new stake in shares of First Commonwealth Financial Corp. during the first quarter valued at $596,000. 60.32% of the stock is owned by institutional investors and hedge funds.

About First Commonwealth Financial Corp.

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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