Goldman Sachs Group Inc. increased its position in shares of First Commonwealth Financial (NYSE:FCF) by 9.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 361,996 shares of the bank’s stock after acquiring an additional 32,582 shares during the period. Goldman Sachs Group Inc. owned about 0.37% of First Commonwealth Financial worth $5,184,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its position in First Commonwealth Financial by 4.8% during the 4th quarter. BlackRock Inc. now owns 12,727,851 shares of the bank’s stock worth $182,262,000 after acquiring an additional 584,411 shares during the last quarter. Dimensional Fund Advisors LP grew its position in First Commonwealth Financial by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,532,469 shares of the bank’s stock worth $106,434,000 after acquiring an additional 43,795 shares during the last quarter. Victory Capital Management Inc. grew its position in First Commonwealth Financial by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,612,966 shares of the bank’s stock worth $23,097,000 after acquiring an additional 30,361 shares during the last quarter. Renaissance Technologies LLC grew its position in First Commonwealth Financial by 2.5% during the 4th quarter. Renaissance Technologies LLC now owns 857,300 shares of the bank’s stock worth $12,277,000 after acquiring an additional 20,900 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in First Commonwealth Financial by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 794,141 shares of the bank’s stock worth $11,372,000 after acquiring an additional 8,012 shares during the last quarter. Institutional investors and hedge funds own 68.17% of the company’s stock.
NYSE FCF opened at $14.01 on Friday. First Commonwealth Financial has a 12 month low of $12.05 and a 12 month high of $15.67. The stock has a market capitalization of $1,404.34, a price-to-earnings ratio of 17.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.87.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. First Commonwealth Financial had a return on equity of 9.24% and a net margin of 16.67%. The firm had revenue of $80.98 million for the quarter, compared to analyst estimates of $80.90 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue was up 15.2% on a year-over-year basis. equities research analysts expect that First Commonwealth Financial will post 1.02 EPS for the current year.
A number of equities research analysts recently weighed in on the company. ValuEngine upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 price target on shares of First Commonwealth Financial in a research report on Monday, January 29th. B. Riley reiterated a “hold” rating and issued a $16.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 25th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of First Commonwealth Financial in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. First Commonwealth Financial currently has an average rating of “Hold” and an average price target of $11.86.
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First Commonwealth Financial Profile
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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