Stonebridge Financial Group LLC Invests $2.15 Million in First Commonwealth Financial Co. (NYSE:FCF)

Stonebridge Financial Group LLC bought a new stake in First Commonwealth Financial Co. (NYSE:FCF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 126,876 shares of the bank’s stock, valued at approximately $2,147,000. Stonebridge Financial Group LLC owned 0.12% of First Commonwealth Financial as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FCF. Farther Finance Advisors LLC boosted its holdings in shares of First Commonwealth Financial by 2,572.6% in the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,595 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in First Commonwealth Financial during the 3rd quarter worth $46,000. CWM LLC increased its stake in First Commonwealth Financial by 92.0% in the third quarter. CWM LLC now owns 3,830 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,835 shares during the period. nVerses Capital LLC acquired a new stake in shares of First Commonwealth Financial during the third quarter worth about $72,000. Finally, KBC Group NV increased its position in First Commonwealth Financial by 61.6% in the 4th quarter. KBC Group NV now owns 5,842 shares of the bank’s stock valued at $99,000 after acquiring an additional 2,226 shares during the period. Hedge funds and other institutional investors own 72.58% of the company’s stock.

Analyst Ratings Changes

FCF has been the topic of several analyst reports. DA Davidson reiterated a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens reissued an “overweight” rating and set a $21.50 target price on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. StockNews.com lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Piper Sandler lowered their price target on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.58.

First Commonwealth Financial Trading Down 1.4 %

Shares of FCF stock opened at $16.48 on Tuesday. The stock has a market cap of $1.68 billion, a P/E ratio of 11.85 and a beta of 0.87. First Commonwealth Financial Co. has a fifty-two week low of $12.41 and a fifty-two week high of $19.96. The business has a fifty day simple moving average of $17.07 and a 200-day simple moving average of $17.16. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. On average, analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, February 7th. First Commonwealth Financial’s payout ratio is currently 37.41%.

First Commonwealth Financial Profile

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.