First Commonwealth Financial (NYSE:FCF) Earns Outperform Rating from Royal Bank of Canada

First Commonwealth Financial (NYSE:FCF - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Royal Bank of Canada in a report issued on Tuesday, Benzinga reports. They currently have a $17.00 target price on the bank's stock. Royal Bank of Canada's target price suggests a potential upside of 26.58% from the stock's previous close.

FCF has been the subject of several other research reports. Stephens dropped their target price on shares of First Commonwealth Financial from $16.50 to $15.50 and set an "overweight" rating for the company in a research report on Tuesday, February 6th. StockNews.com raised shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, February 7th.

First Commonwealth Financial Price Performance

NYSE FCF traded up $0.09 during trading on Tuesday, reaching $13.43. 276,963 shares of the company traded hands, compared to its average volume of 507,102. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. The stock's 50 day moving average price is $13.41 and its two-hundred day moving average price is $13.54. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.69 and a beta of 0.87. First Commonwealth Financial has a 1-year low of $11.16 and a 1-year high of $15.90.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its earnings results on Tuesday, January 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $168.55 million during the quarter, compared to analysts' expectations of $123.17 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, analysts anticipate that First Commonwealth Financial will post 1.44 EPS for the current year.

Institutional Investors Weigh In On First Commonwealth Financial

A number of institutional investors and hedge funds have recently modified their holdings of FCF. BlackRock Inc. grew its position in shares of First Commonwealth Financial by 10.4% during the 1st quarter. BlackRock Inc. now owns 15,208,918 shares of the bank's stock worth $189,047,000 after purchasing an additional 1,433,284 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of First Commonwealth Financial by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,569,502 shares of the bank's stock worth $101,435,000 after acquiring an additional 28,553 shares in the last quarter. State Street Corp raised its stake in shares of First Commonwealth Financial by 2.7% during the second quarter. State Street Corp now owns 4,746,009 shares of the bank's stock valued at $60,037,000 after acquiring an additional 123,236 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of First Commonwealth Financial by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,798,856 shares of the bank's stock valued at $43,214,000 after acquiring an additional 23,924 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of First Commonwealth Financial by 155.0% during the fourth quarter. Franklin Resources Inc. now owns 2,697,502 shares of the bank's stock valued at $41,649,000 after acquiring an additional 1,639,667 shares during the last quarter. 72.58% of the stock is owned by institutional investors.

First Commonwealth Financial Company Profile

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.