First Commonwealth Financial Co. (NYSE:FCF) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of First Commonwealth Financial Co. (NYSE:FCF) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,402 shares of the bank’s stock after purchasing an additional 705 shares during the period. Pictet Asset Management Holding SA’s holdings in First Commonwealth Financial were worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new stake in shares of First Commonwealth Financial during the fourth quarter valued at about $2,456,000. Norges Bank acquired a new position in shares of First Commonwealth Financial in the 4th quarter valued at approximately $4,536,000. JPMorgan Chase & Co. boosted its stake in shares of First Commonwealth Financial by 46.6% during the 4th quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank’s stock valued at $15,693,000 after buying an additional 295,011 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of First Commonwealth Financial during the fourth quarter worth approximately $42,000. Finally, LPL Financial LLC increased 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 buying an additional 3,170 shares during the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

First Commonwealth Financial Trading Down 4.3 %

NYSE:FCF opened at $14.19 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 10.21 and a beta of 0.72. The business has a 50 day simple moving average of $15.80 and a 200 day simple moving average of $16.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. First Commonwealth Financial Co. has a 12-month low of $12.41 and a 12-month high of $19.96.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly 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 net margin of 20.38% and a return on equity of 10.36%. Equities research analysts predict that First Commonwealth Financial Co. will post 1.45 EPS for the current year.

First Commonwealth Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.67%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 37.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FCF shares. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Stephens restated an “overweight” rating and set a $21.50 price objective 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 research report on Friday, April 4th. Finally, DA Davidson reissued a “buy” rating and set a $21.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.58.

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.