First Commonwealth Financial
About: First Commonwealth Financial Corp functions in the financial services sector in the United States. Through its subsidiary, it offers a range of consumer and commercial banking services such as personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, investment certificates, fixed & variable rate certificates of deposit, and various kinds of loans. It also provides trust and wealth management services and offers insurance products. The company earns the majority of its revenue through net interest income.
Employees: 1,500
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
92% more call options, than puts
Call options by funds: $207K | Put options by funds: $108K
89% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 18
22% more capital invested
Capital invested by funds: $1.07B [Q2] → $1.3B (+$230M) [Q3]
8% more funds holding
Funds holding: 196 [Q2] → 212 (+16) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1.64% less ownership
Funds ownership: 75.44% [Q2] → 73.8% (-1.64%) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 76
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$16
6%
downside
Avg. target
$18
5%
upside
High target
$20
17%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta 55% 1-year accuracy 11 / 20 met price target | 17%upside $20 | Market Perform Maintained | 4 Dec 2024 |
Piper Sandler Frank Schiraldi 52% 1-year accuracy 15 / 29 met price target | 6%downside $16 | Neutral Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 3 articles about FCF published over the past 30 days
Positive
Zacks Investment Research
5 days ago
First Commonwealth to Expand Footprint in Cincinnati With New Buyout
FCF's acquisition of CenterGroup will strengthen the former's commercially focused strategy in the Cincinnati market by adding a 65% business client base.
Neutral
GlobeNewsWire
5 days ago
First Commonwealth Financial Corporation Expands Presence in Cincinnati with Acquisition of CenterGroup Financial, Inc.
INDIANA, Pa. and CINCINNATI, Oh., Dec. 18, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (“First Commonwealth”) (NYSE: FCF), the holding company for First Commonwealth Bank, and CenterGroup Financial, Inc. (“CenterGroup”), the holding company for CenterBank, today jointly announced the signing of an Agreement and Plan of Merger (“Agreement”) providing for the merger of CenterGroup with and into First Commonwealth in an all-stock transaction valued at approximately $54.6 million in the aggregate, based upon the closing stock price of First Commonwealth as of December 17, 2024. Following the merger of CenterGroup with and into First Commonwealth, CenterBank will merge with and into First Commonwealth Bank.
Neutral
GlobeNewsWire
2 weeks ago
First Commonwealth Promotes Linda Metzmaier to Chief Risk Officer
INDIANA, Pa., Dec. 05, 2024 (GLOBE NEWSWIRE) -- In a move to respond to growth and further develop its Legal and Risk leadership teams, First Commonwealth Bank has promoted Deputy Chief Risk and Chief Compliance Officer Linda Metzmaier to Executive Vice President/Chief Risk Officer, effective Jan. 1, 2025.
Neutral
Seeking Alpha
1 month ago
First Commonwealth Financial Corporation (FCF) Q3 2024 Earnings Call Transcript
First Commonwealth Financial Corporation (NYSE:FCF ) Q3 2024 Earnings Conference Call October 30, 2024 2:00 PM ET Company Participants Ryan Thomas - VP, Finance & IR Thomas Michael Price - President & CEO James Reske – CFO Jane Grebenc - Bank President & CRO Brian Sohocki - Chief Credit Officer Mike McCuen - Chief Lending Officer Conference Call Participants Daniel Tamayo - Raymond James Karl Shepard – RBC Capital Markets Kelly Motta – KBW Matthew Breese – Stephens Frank Schiraldi - Piper Sandler Manuel Navas - D.A. Davidson Daniel Cardenas - Janney Montgomery Scott Operator Thank you for standing by and welcome to the First Commonwealth Financial Corporation Third Quarter 2024 Earnings Release Conference Call.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, First Commonwealth Financial (FCF) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for First Commonwealth Financial (FCF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
1 month ago
First Commonwealth Financial (FCF) Misses Q3 Earnings Estimates
First Commonwealth Financial (FCF) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.39 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
First Commonwealth Announces Third Quarter 2024 Earnings; Declares Quarterly Dividend
INDIANA, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the third quarter of 2024.
Neutral
GlobeNewsWire
2 months ago
First Commonwealth to Host Third Quarter 2024 Earnings Conference Call on Wednesday, October 30, 2024
INDIANA, Pa., Oct. 15, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, October 30, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended September 30, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian J. Sohocki, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its Third Quarter 2024 financial results after the market closes on Tuesday, October 29, 2024.
Positive
Zacks Investment Research
4 months ago
First Commonwealth Financial (FCF) Upgraded to Strong Buy: What Does It Mean for the Stock?
First Commonwealth Financial (FCF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
4 months ago
Best Income Stocks to Buy for August 19th
KT, FCF and STX made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 19, 2024.
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