Rating Summary: Is Founders Advantage Capital Corp (TSE:FCF) a Buy or a Sell? Learn What Desjardins Securities Thinks

November 30, 2016 - By Nellie Frank

Rating Summary: Is Founders Advantage Capital Corp (TSE:FCF) a Buy or a Sell? Learn What Desjardins Securities Thinks

Why Desjardins Securities Gives Founders Advantage Capital Corp (TSE:FCF) $4.75 Price Target

Stock research analysts at Desjardins Securities initiated coverage on Founders Advantage Capital Corp (TSE:FCF) with a Buy rating. The price target for FCF is exactly $4.75. It means a potential downside of -62.33% from company’s current stock price.

The stock increased 1.61% or $0.2 during the last trading session, hitting $12.61. First Commonwealth Financial (TSE:FCF) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Analysts await First Commonwealth Financial (NYSE:FCF) to report earnings on January, 25. They expect $0.17 earnings per share, up 21.43% or $0.03 from last year’s $0.14 per share. FCF’s profit will be $14.96M for 18.54 P/E if the $0.17 EPS becomes a reality. After $0.19 actual earnings per share reported by First Commonwealth Financial for the previous quarter, Wall Street now forecasts -10.53% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.33, from 1.07 in 2016Q1. The ratio increased, as 8 funds sold all First Commonwealth Financial shares owned while 36 reduced positions. 8 funds bought stakes while 39 increased positions. They now own 52.95 million shares or 1.20% less from 53.60 million shares in 2016Q1.

Capstone Asset Mgmt last reported 25,440 shares in the company. Alliancebernstein L P holds 0.01% of its portfolio in First Commonwealth Financial (NYSE:FCF) for 1.54 million shares. Vanguard Group accumulated 7.34 million shares or 0% of the stock. Great West Life Assurance Com Can accumulated 6,670 shares or 0% of the stock. Smithfield Trust holds 0.01% or 7,420 shares in its portfolio. Blackrock Advisors Ltd Com owns 43,298 shares or 0% of their US portfolio. Teachers Advsrs accumulated 893,531 shares or 0.01% of the stock. State Common Retirement Fund owns 84,200 shares or 0% of their US portfolio. Blackrock Incorporated, a New York-based fund reported 26,293 shares. Raymond James Assocs has 26,353 shares for 0% of their US portfolio. Ameriprise holds 0% of its portfolio in First Commonwealth Financial (NYSE:FCF) for 759,972 shares. Us National Bank & Trust De has 543 shares for 0% of their US portfolio. State Bank Of Montreal Can has invested 0% of its portfolio in First Commonwealth Financial (NYSE:FCF). State Street Corp last reported 0% of its portfolio in the stock. Ladenburg Thalmann Fincl Services, a Florida-based fund reported 400 shares.

First Commonwealth Financial Corporation is a financial holding company. The company has a market cap of $1.11 billion. The Company, through its subsidiary, First Commonwealth Bank , provides a range of consumer and commercial banking services. It has a 21.66 P/E ratio. The Firm also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

According to Zacks Investment Research, “First Commonwealth Financial Corporation is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Corporation operates two chartered banks, First Commonwealth Bank and Southwest Bank. Personal financial planning and other financial services and insurance products are also provided through First Commonwealth Trust Company and First Commonwealth Insurance Agency. The Corporation also operates through Commonwealth Systems Corporation, a data processing subsidiary.”

FCF Company Profile

First Commonwealth Financial Corporation, incorporated on November 15, 1982, is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Firm also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries. The Bank is a Pennsylvania bank and trust company. The Bank operates approximately 110 community banking offices throughout western and central Pennsylvania, over four community banking offices in Central Ohio and loan production offices in Akron and Cleveland, Ohio. The Bank also operates a network of approximately 110 automated teller machines (ATMs) at various branch offices and offsite locations.

More notable recent First Commonwealth Financial (NYSE:FCF) news were published by: Bizjournals.com which released: “First Commonwealth buying Ohio bank for $106M” on October 03, 2016, also Streetinsider.com with their article: “First Commonwealth Financial (FCF) Unit to Acquire FirstMerit Bank Branches” published on July 27, 2016, Seekingalpha.com published: “First Commonwealth Financial: The Small Bank That Just Keeps Going” on November 01, 2016. More interesting news about First Commonwealth Financial (NYSE:FCF) were released by: Seekingalpha.com and their article: “First Commonwealth Financial’s (FCF) CEO Mike Price on Q3 2016 Results …” published on October 26, 2016 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Synchrony Financial, First Commonwealth Financial and …” with publication date: November 01, 2016.

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