Blue Trust Inc. Sells 630 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Blue Trust Inc. lessened its stake in shares of First Commonwealth Financial Co. (NYSE:FCF) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,447 shares of the bank’s stock after selling 630 shares during the period. Blue Trust Inc.’s holdings in First Commonwealth Financial were worth $41,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in First Commonwealth Financial by 4.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock worth $268,000 after purchasing an additional 633 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of First Commonwealth Financial by 5.9% in the third quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock worth $272,000 after buying an additional 883 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Commonwealth Financial by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock worth $332,000 after buying an additional 1,112 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of First Commonwealth Financial by 2,572.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock worth $28,000 after buying an additional 1,595 shares during the period. Finally, KBC Group NV grew its stake 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 buying an additional 2,226 shares during the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

Wall Street Analysts Forecast Growth

FCF has been the subject of a number of research analyst reports. DA Davidson reissued a “buy” rating and set a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Piper Sandler cut their price objective on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Stephens reaffirmed an “overweight” rating and issued a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price target on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.58.

First Commonwealth Financial Stock Down 1.1 %

FCF stock opened at $16.20 on Thursday. The business’s 50-day simple moving average is $16.61 and its 200 day simple moving average is $17.10. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.65 billion, a PE ratio of 11.65 and a beta of 0.87. First Commonwealth Financial Co. has a twelve month low of $12.41 and a twelve month high of $19.96.

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

First Commonwealth Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 37.41%.

About First Commonwealth Financial

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.