Prudential Financial Inc. Has $1.97 Million Stock Holdings in First Commonwealth Financial Co. (NYSE:FCF)

Prudential Financial Inc. lowered its position in First Commonwealth Financial Co. (NYSE:FCF) by 37.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,900 shares of the bank’s stock after selling 62,978 shares during the quarter. Prudential Financial Inc. owned 0.10% of First Commonwealth Financial worth $1,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FCF. Crowley Wealth Management Inc. acquired a new position in First Commonwealth Financial in the 4th quarter valued at approximately $42,000. LPL Financial LLC grew its stake in shares of First Commonwealth Financial by 10.7% in the fourth quarter. LPL Financial LLC now owns 32,879 shares of the bank’s stock worth $556,000 after purchasing an additional 3,170 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in First Commonwealth Financial in the fourth quarter valued at $338,000. Sei Investments Co. increased its holdings in First Commonwealth Financial by 3.9% in the fourth quarter. Sei Investments Co. now owns 23,857 shares of the bank’s stock valued at $404,000 after purchasing an additional 895 shares during the period. Finally, American Century Companies Inc. raised its position in First Commonwealth Financial by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,992,712 shares of the bank’s stock worth $33,717,000 after purchasing an additional 9,588 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FCF shares. 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. DA Davidson reiterated a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.58.

First Commonwealth Financial Price Performance

Shares of FCF opened at $14.09 on Friday. The firm has a market cap of $1.43 billion, a PE ratio of 10.14 and a beta of 0.84. First Commonwealth Financial Co. has a 52-week low of $12.41 and a 52-week high of $19.96. The business’s 50 day moving average price is $16.07 and its two-hundred day moving average price is $16.92. 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 (NYSE:FCF) last released its earnings results 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, equities analysts anticipate that First Commonwealth Financial Co. will post 1.45 EPS for the current year.

First Commonwealth Financial Announces Dividend

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 3.69%. First Commonwealth Financial’s dividend payout ratio 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.