Dimensional Fund Advisors LP Sells 48,783 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Dimensional Fund Advisors LP trimmed its position in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,990,254 shares of the bank's stock after selling 48,783 shares during the quarter. Dimensional Fund Advisors LP owned 6.87% of First Commonwealth Financial worth $118,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FCF. Sanctuary Advisors LLC boosted its position in First Commonwealth Financial by 4.2% in the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank's stock worth $268,000 after purchasing an additional 633 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of First Commonwealth Financial by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank's stock worth $227,000 after purchasing an additional 705 shares during the period. Sei Investments Co. boosted its holdings in shares of First Commonwealth Financial by 3.9% in the fourth quarter. Sei Investments Co. now owns 23,857 shares of the bank's stock worth $404,000 after buying an additional 895 shares during the last quarter. Aigen Investment Management LP grew its position in First Commonwealth Financial by 6.0% during the fourth quarter. Aigen Investment Management LP now owns 17,398 shares of the bank's stock valued at $294,000 after buying an additional 983 shares during the period. Finally, Bank of Montreal Can increased its holdings in First Commonwealth Financial by 6.2% during the fourth quarter. Bank of Montreal Can now owns 17,932 shares of the bank's stock valued at $303,000 after buying an additional 1,048 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 1.2 %

Shares of First Commonwealth Financial stock opened at $15.05 on Friday. First Commonwealth Financial Co. has a fifty-two week low of $12.71 and a fifty-two week high of $19.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $1.53 billion, a P/E ratio of 10.83 and a beta of 0.72. The company has a fifty day moving average of $15.34 and a 200 day moving average of $16.67.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. On average, sell-side analysts anticipate that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial's dividend payout ratio (DPR) is currently 37.41%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FCF. StockNews.com cut shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a research note on Wednesday. DA Davidson reiterated a "buy" rating and set a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Stephens reaffirmed an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, First Commonwealth Financial has an average 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.

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