First Commonwealth Financial Co. (NYSE:FCF) Shares Purchased by Barclays PLC

Barclays PLC raised its position in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 121.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,797 shares of the bank's stock after acquiring an additional 116,295 shares during the period. Barclays PLC owned approximately 0.21% of First Commonwealth Financial worth $3,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FCF. Farther Finance Advisors LLC raised its position in First Commonwealth Financial by 2,572.6% in the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank's stock valued at $28,000 after purchasing an additional 1,595 shares during the period. Quest Partners LLC purchased a new position in First Commonwealth Financial in the 2nd quarter worth approximately $34,000. Innealta Capital LLC purchased a new stake in shares of First Commonwealth Financial during the second quarter valued at approximately $51,000. CWM LLC lifted its position in shares of First Commonwealth Financial by 92.0% during the third quarter. CWM LLC now owns 3,830 shares of the bank's stock worth $66,000 after purchasing an additional 1,835 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of First Commonwealth Financial in the third quarter valued at $72,000. 72.58% of the stock is owned by institutional investors and hedge funds.

First Commonwealth Financial Stock Up 0.7 %

FCF stock traded up $0.12 during mid-day trading on Monday, hitting $17.05. 467,770 shares of the company were exchanged, compared to its average volume of 519,923. The firm has a fifty day simple moving average of $18.00 and a 200 day simple moving average of $16.57. The company has a market capitalization of $1.74 billion, a PE ratio of 11.52 and a beta of 0.86. First Commonwealth Financial Co. has a twelve month low of $12.41 and a twelve month high of $19.96. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The firm had revenue of $121.21 million during the quarter, compared to the consensus estimate of $119.47 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts forecast that First Commonwealth Financial Co. will post 1.4 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, November 8th. First Commonwealth Financial's dividend payout ratio (DPR) is presently 35.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Keefe, Bruyette & Woods raised their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut First Commonwealth Financial from a "hold" rating to a "sell" rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, First Commonwealth Financial currently has a consensus rating of "Hold" and an average price target of $17.70.

First Commonwealth Financial 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.