The stock of First Commonwealth Financial (NYSE:FCF) is a huge mover today! The stock decreased 3.27% or $0.33 during the last trading session, hitting $9.76. About 544,998 shares traded hands or 164.06% up from the average. First Commonwealth Financial (NYSE:FCF) has risen 10.41% since March 1, 2016 and is uptrending. It has underperformed by 1.81% the S&P500.
The move comes after 9 months negative chart setup for the $881.25 million company. It was reported on Oct, 4 by Barchart.com. We have $9.27 PT which if reached, will make NYSE:FCF worth $44.06M less.
Analysts await First Commonwealth Financial (NYSE:FCF) to report earnings on October, 26. They expect $0.18 EPS, up 28.57% or $0.04 from last year’s $0.14 per share. FCF’s profit will be $16.25 million for 13.56 P/E if the $0.18 EPS becomes a reality. After $0.14 actual EPS reported by First Commonwealth Financial for the previous quarter, Wall Street now forecasts 28.57% EPS growth.
First Commonwealth Financial (NYSE:FCF) Ratings Coverage
Out of 5 analysts covering First Commonwealth Financial (NYSE:FCF), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. First Commonwealth Financial has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, March 7 by Macquarie Research. The rating was initiated by Raymond James on Wednesday, January 13 with “Mkt Perform”. The firm has “Neutral” rating by Boenning & Scattergood given on Wednesday, March 9. The rating was maintained by Keefe Bruyette & Woods on Wednesday, September 21 with “Market Perform”.
According to Zacks Investment Research, “First Commonwealth Financial Corporation is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Corporation operates two chartered banks, First Commonwealth Bank and Southwest Bank. Personal financial planning and other financial services and insurance products are also provided through First Commonwealth Trust Company and First Commonwealth Insurance Agency. The Corporation also operates through Commonwealth Systems Corporation, a data processing subsidiary.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.32, from 1.39 in 2016Q1. The ratio worsened, as 8 funds sold all First Commonwealth Financial shares owned while 36 reduced positions. 8 funds bought stakes while 39 increased positions. They now own 52.95 million shares or 1.20% less from 53.60 million shares in 2016Q1.
Advisory Service Net Lc last reported 0.02% of its portfolio in the stock. Deutsche State Bank Ag holds 253,220 shares or 0% of its portfolio. Assetmark accumulated 21,799 shares or 0% of the stock. Great West Life Assurance Can has 0% invested in the company for 6,670 shares. Comerica Bank & Trust holds 88,689 shares or 0.01% of its portfolio. New York State Common Retirement Fund has invested 0% of its portfolio in First Commonwealth Financial (NYSE:FCF). Los Angeles Capital Mgmt Equity Research Inc has 0% invested in the company for 30,781 shares. Royal Savings Bank Of Canada holds 0% or 80,250 shares in its portfolio. Ladenburg Thalmann Fincl Svcs accumulated 0% or 400 shares. Kbc Nv accumulated 0% or 29,630 shares. The Colorado-based Icon Advisers has invested 0.39% in First Commonwealth Financial (NYSE:FCF). Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 25,200 shares. Thomas White International Ltd reported 500 shares or 0% of all its holdings. Smithfield last reported 7,420 shares in the company. Somerset Trust Co reported 500 shares or 0% of all its holdings.
Insider Transactions: Since April 5, 2016, the stock had 1 buy, and 0 sales for $40,147 net activity. $40,147 worth of shares were bought by Price T Michael on Thursday, May 5. Latimer Luke A bought $9,886 worth of stock or 1,112 shares.
More notable recent First Commonwealth Financial (NYSE:FCF) news were published by: Bizjournals.com which released: “First Commonwealth buying Ohio bank for $106M” on October 03, 2016, also Reuters.com with their article: “BRIEF-First Commonwealth Financial Corp expands its Columbus, Ohio Footpri…” published on October 03, 2016, Reuters.com published: “BRIEF-First Commonwealth Financial says termination payment of about $5.3 …” on October 03, 2016. More interesting news about First Commonwealth Financial (NYSE:FCF) were released by: Streetinsider.com and their article: “First Commonwealth Financial (FCF) Unit to Acquire FirstMerit Bank Branches” published on July 27, 2016 as well as Twst.com‘s news article titled: “First Commonwealth Financial Corporation: First Commonwealth to Host Third …” with publication date: September 30, 2016.
FCF Company Profile
First Commonwealth Financial Corporation, incorporated on November 15, 1982, 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 Firm also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries. The Bank is a Pennsylvania bank and trust company. The Bank operates approximately 110 community banking offices throughout western and central Pennsylvania, over four community banking offices in Central Ohio and loan production offices in Akron and Cleveland, Ohio. The Bank also operates a network of approximately 110 automated teller machines (ATMs) at various branch offices and offsite locations.
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