Stock of The Day: First Commonwealth Financial Stock Is An 52-Week High Flier

Stock of The Day: First Commonwealth Financial Stock Is An 52 Week High Flier

The stock of First Commonwealth Financial (NYSE:FCF) hit a new 52-week high and has $13.03 target or 4.00% above today’s $12.53 share price. The 5 months bullish chart indicates low risk for the $1.10B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $13.03 price target is reached, the company will be worth $44.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 96,271 shares traded hands. First Commonwealth Financial (NYSE:FCF) has risen 33.01% since April 26, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.

Analysts await First Commonwealth Financial (NYSE:FCF) to report earnings on January, 25. They expect $0.17 EPS, up 21.43% or $0.03 from last year’s $0.14 per share. FCF’s profit will be $14.92M for 18.43 P/E if the $0.17 EPS becomes a reality. After $0.19 actual EPS reported by First Commonwealth Financial for the previous quarter, Wall Street now forecasts -10.53% negative 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 stock of First Commonwealth Financial (NYSE:FCF) earned “Market Perform” rating by Keefe Bruyette & Woods on Wednesday, September 21. The company was initiated on Wednesday, January 13 by Raymond James. The firm has “Neutral” rating by Macquarie Research given on Monday, March 7. The firm earned “Neutral” rating on Wednesday, March 9 by Boenning & Scattergood.

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 increased to 1.4 in 2016 Q2. Its up 0.33, from 1.07 in 2016Q1. The ratio increased, 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.
Royal National Bank Of Canada has invested 0% of its portfolio in First Commonwealth Financial (NYSE:FCF). Alliancebernstein Lp owns 1.54M shares or 0.01% of their US portfolio. Federated Invsts Inc Pa accumulated 0% or 83 shares. Moreover, Blackrock Fund Advsrs has 0.01% invested in First Commonwealth Financial (NYSE:FCF) for 5.64M shares. Blackrock Advsr Ltd Liability Co holds 0% or 43,298 shares in its portfolio. New York State Teachers Retirement Systems holds 0.01% of its portfolio in First Commonwealth Financial (NYSE:FCF) for 310,695 shares. Teachers Advsrs, a New York-based fund reported 893,531 shares. Nordea Inv Mngmt holds 0% or 71,671 shares in its portfolio. Somerset holds 0% of its portfolio in First Commonwealth Financial (NYSE:FCF) for 500 shares. Moreover, Ls Invest Advisors Ltd Limited Liability Company has 0% invested in First Commonwealth Financial (NYSE:FCF) for 3,063 shares. Ameriprise Financial last reported 0% of its portfolio in the stock. The Texas-based Next Financial Incorporated has invested 0% in First Commonwealth Financial (NYSE:FCF). Janney Montgomery Scott Ltd Liability Corporation holds 0% of its portfolio in First Commonwealth Financial (NYSE:FCF) for 30,757 shares. Credit Suisse Ag reported 78,876 shares or 0% of all its holdings. Pdt, a New York-based fund reported 33,400 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 Streetinsider.com with their article: “First Commonwealth Financial (FCF) Unit to Acquire FirstMerit Bank Branches” published on July 27, 2016, Seekingalpha.com published: “First Commonwealth Financial: The Small Bank That Just Keeps Going” on November 01, 2016. More interesting news about First Commonwealth Financial (NYSE:FCF) were released by: Seekingalpha.com and their article: “First Commonwealth Financial’s (FCF) CEO Mike Price on Q3 2016 Results …” published on October 26, 2016 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Synchrony Financial, First Commonwealth Financial and …” with publication date: November 01, 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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