Alert: Positive Investment/Fundamental Signals (12/18/23)-First Commonwealth Financial Cor (NYSE: FCF)


First Commonwealth Financial Cor (NYSE: FCF) has recently enjoyed meaningful positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

First Commonwealth Financial Cor (NYSE: FCF) has benefited from meaningful positive changes in investment behavior: its longer term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

FCF’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

First Commonwealth Financial Cor has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First Commonwealth Financial Cor has a slightly positive Appreciation Score of 67 and a good Power Rating of 71, and the Positive Value Trend Rating results.

Recent Price Action

First Commonwealth Financial Cor (NYSE: FCF) stock closed at $15.05 on 12/18/23 after a modest decline of -1.1%. Trading volume in this decline was normal. The stock has risen 3.2% during the last week and has been strong relative to the market over the last nine months.

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