Commonwealth Equity Services LLC Purchases 9,365 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Commonwealth Equity Services LLC increased its position in First Commonwealth Financial Co. (NYSE:FCF) by 19.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,887 shares of the bank’s stock after acquiring an additional 9,365 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Commonwealth Financial were worth $979,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FCF. FMR LLC increased its position in First Commonwealth Financial by 22.0% in the 3rd quarter. FMR LLC now owns 24,190 shares of the bank’s stock valued at $415,000 after acquiring an additional 4,360 shares during the period. BNP Paribas Financial Markets grew its stake in shares of First Commonwealth Financial by 64.2% in the third quarter. BNP Paribas Financial Markets now owns 34,892 shares of the bank’s stock worth $598,000 after purchasing an additional 13,643 shares during the last quarter. Centiva Capital LP acquired a new stake in First Commonwealth Financial in the third quarter valued at $518,000. Jane Street Group LLC raised its position in First Commonwealth Financial by 39.5% during the 3rd quarter. Jane Street Group LLC now owns 150,590 shares of the bank’s stock worth $2,583,000 after purchasing an additional 42,632 shares during the last quarter. Finally, Barclays PLC lifted its holdings in First Commonwealth Financial by 121.8% during the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank’s stock worth $3,631,000 after buying an additional 116,295 shares during the period. Institutional investors own 72.58% of the company’s stock.

First Commonwealth Financial Price Performance

First Commonwealth Financial stock opened at $15.52 on Wednesday. The stock’s 50 day moving average price is $16.17 and its two-hundred day moving average price is $16.97. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. First Commonwealth Financial Co. has a 52-week low of $12.41 and a 52-week high of $19.96.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.35%. First Commonwealth Financial’s dividend payout ratio is presently 37.41%.

Wall Street Analyst Weigh In

FCF has been the subject of several recent research reports. Stephens reissued an “overweight” rating and issued a $21.50 price target on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. StockNews.com raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Finally, DA Davidson reissued a “buy” rating and set a $21.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.58.

First Commonwealth Financial Company 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.