BGB Securities Starts First Commonwealth Financial (FCF) at Buy
Get Alerts FCF Hot Sheet
Price: $13.74 --0%
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
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BGB Securities initiates coverage on First Commonwealth Financial (NYSE: FCF) with a Buy. PT $7.00.
"We derive our target through our discounted dividend model, the application of an 11x multiple to our normalized 2014 EPS estimate of $0.68 discounted back to September 30, 2013 and FCF's tangible book multiple of approximately 105% applied to our September 30, 2013 estimate of $6.44. Our 2012 and 2013 EPS estimates are $0.43 and $0.46, respectively."
For an analyst ratings summary and ratings history on First Commonwealth Financial click here. For more ratings news on First Commonwealth Financial click here.
Shares of First Commonwealth Financial closed at $6.10 yesterday.
"We derive our target through our discounted dividend model, the application of an 11x multiple to our normalized 2014 EPS estimate of $0.68 discounted back to September 30, 2013 and FCF's tangible book multiple of approximately 105% applied to our September 30, 2013 estimate of $6.44. Our 2012 and 2013 EPS estimates are $0.43 and $0.46, respectively."
For an analyst ratings summary and ratings history on First Commonwealth Financial click here. For more ratings news on First Commonwealth Financial click here.
Shares of First Commonwealth Financial closed at $6.10 yesterday.
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