Sandler O’Neill analyst Frank Schiraldi upgraded First Commonwealth (NYSE: FCF) to Buy today. The company’s shares closed yesterday at $12.03, close to its 52-week low of $12.01.
According to TipRanks.com, Schiraldi is a 1-star analyst with an average return of -1.5% and a 40.5% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Peapack-Gladstone Financial Corp, and Malvern Federal Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Commonwealth with a $18 average price target.
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Based on First Commonwealth’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $25.15 million. In comparison, last year the company had a net profit of $21.28 million.
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First Commonwealth Financial Corp. is a financial holding company, whichprovides a diversified array of consumer and commercial banking services through its bank subsidiary, First Commonwealth Bank. It also offerstrust and wealth management services and offer insurance products through FCB and its other operating subsidiaries.
