Keefe Bruyette & Woods Maintains First Commonwealth Financial to Market Perform with Price Target $10.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on First Commonwealth Financial(NYSE:FCF). In a research note issued to the investors, the brokerage major Raises the price-target to $10.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Sep 21, 2016.

In a different note, On Jul 29, 2016, FBR Capital said it Maintains its rating on First Commonwealth Financial. In the research note, the firm Raises the price-target to $9.50 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 29, 2016, Keefe Bruyette & Woods said it Maintains its rating on First Commonwealth Financial. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Market Perform’ by the firm.

First Commonwealth Financial (FCF) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.10% at a volume of 1,14,996. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.1. The peak price level was also seen at $10.1 while the days lowest was $10. Finally the shares closed at $10.01. The 52-week high of the shares is $10.36 while the 52-week low is $7.85. According to the latest information available, the market cap of the company is $890 M.

First Commonwealth Financial(FCF) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $64.65M. Analysts had an estimated revenue of $64.21M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On May 5, 2016, T Michael Price (CEO) purchased 4,580 shares at $8.77 per share price.Also, On Apr 7, 2016, Luke A Latimer (director) purchased 1,112 shares at $8.89 per share price.On Sep 8, 2015, Gary R Claus (director) purchased 2,500 shares at $8.68 per share price, according to the Form-4 filing with the securities and exchange commission.

First Commonwealth Financial Corporation is a financial holding company which provides an array of consumer and commercial banking services. The Company provides trust and wealth management services through its subsidiary First Commonwealth Bank and insurance products through First Commonwealth Insurance Agency Inc. Its consumer services include Internet mobile and telephone banking an automated teller machine network personal checking accounts interest-earning checking accounts savings accounts insured money market accounts debit cards investment certificates fixed and variable rate certificates of deposit secured and unsecured installment loans construction and real estate loans safe deposit facilities credit lines and IRA accounts. Its commercial banking services include commercial lending business checking accounts online account management services ACH origination payroll direct deposit commercial cash management services and repurchase agreements.

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