Alliancebernstein L.P. decreased its position in First Commonwealth Financial (NYSE:FCF) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,197,765 shares of the bank’s stock after selling 13,620 shares during the period. Alliancebernstein L.P. owned about 2.26% of First Commonwealth Financial worth $31,472,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in First Commonwealth Financial by 4.8% in the 4th quarter. BlackRock Inc. now owns 12,727,851 shares of the bank’s stock worth $182,262,000 after purchasing an additional 584,411 shares during the period. Dimensional Fund Advisors LP boosted its stake in First Commonwealth Financial by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,532,469 shares of the bank’s stock worth $106,434,000 after purchasing an additional 43,795 shares during the period. Victory Capital Management Inc. boosted its stake in First Commonwealth Financial by 1.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,612,966 shares of the bank’s stock worth $23,097,000 after purchasing an additional 30,361 shares during the period. Principal Financial Group Inc. boosted its stake in First Commonwealth Financial by 8.8% in the 3rd quarter. Principal Financial Group Inc. now owns 795,077 shares of the bank’s stock worth $11,234,000 after purchasing an additional 64,458 shares during the period. Finally, Geode Capital Management LLC boosted its stake in First Commonwealth Financial by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 794,141 shares of the bank’s stock worth $11,372,000 after purchasing an additional 8,012 shares during the period. 68.17% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:FCF traded down $0.39 during trading on Friday, reaching $14.01. 581,724 shares of the company traded hands, compared to its average volume of 585,355. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. First Commonwealth Financial has a 1-year low of $12.05 and a 1-year high of $15.67. The firm has a market capitalization of $1,366.31, a P/E ratio of 17.09 and a beta of 0.93.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. The business had revenue of $80.98 million during the quarter, compared to analyst estimates of $80.90 million. During the same quarter in the previous year, the business earned $0.20 EPS. First Commonwealth Financial’s quarterly revenue was up 15.2% compared to the same quarter last year. equities research analysts expect that First Commonwealth Financial will post 1.02 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the stock. B. Riley reaffirmed a “hold” rating and issued a $16.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 25th. Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 target price on shares of First Commonwealth Financial in a research note on Monday, January 29th. Zacks Investment Research lowered shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, ValuEngine raised shares of First Commonwealth Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. First Commonwealth Financial has an average rating of “Hold” and an average target price of $11.86.
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About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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.
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