First Commonwealth Financial Co. (NYSE:FCF) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 49.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 122,239 shares of the bank's stock after selling 120,664 shares during the quarter. Federated Hermes Inc. owned about 0.12% of First Commonwealth Financial worth $2,068,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FCF. Franklin Resources Inc. lifted its stake in shares of First Commonwealth Financial by 15.3% in the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock valued at $58,601,000 after purchasing an additional 456,119 shares during the period. JPMorgan Chase & Co. grew its position in shares of First Commonwealth Financial by 46.6% in the fourth quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank's stock valued at $15,693,000 after purchasing an additional 295,011 shares during the last quarter. Norges Bank acquired a new position in shares of First Commonwealth Financial during the 4th quarter worth approximately $4,536,000. Charles Schwab Investment Management Inc. grew its holdings in First Commonwealth Financial by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank's stock valued at $66,947,000 after buying an additional 173,817 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in First Commonwealth Financial in the 4th quarter valued at about $2,456,000. 72.58% of the stock is currently owned by institutional investors and hedge funds.

First Commonwealth Financial Stock Up 1.6 %

NYSE FCF traded up $0.23 during mid-day trading on Tuesday, reaching $14.35. 644,492 shares of the company's stock traded hands, compared to its average volume of 597,717. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. First Commonwealth Financial Co. has a 1-year low of $12.24 and a 1-year high of $19.96. The company has a fifty day simple moving average of $15.63 and a 200-day simple moving average of $16.76. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 10.32 and a beta of 0.72.

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First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. As a group, equities research analysts expect that First Commonwealth Financial Co. will post 1.45 EPS for the current year.

First Commonwealth Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial's dividend payout ratio is currently 37.41%.

Analysts Set New Price Targets

A number of analysts have recently commented on FCF shares. Royal Bank of Canada restated an "outperform" rating and set a $20.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens restated an "overweight" rating and issued a $21.50 price target on shares of First Commonwealth Financial in a report on Wednesday, January 29th. StockNews.com downgraded shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a research note on Friday, April 4th. Finally, DA Davidson reissued a "buy" rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research note 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.