Amundi Boosts Holdings in First Commonwealth Financial Co. (NYSE:FCF)

Amundi raised its position in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 187.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,631 shares of the bank's stock after purchasing an additional 33,666 shares during the period. Amundi owned 0.05% of First Commonwealth Financial worth $847,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of First Commonwealth Financial by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock valued at $58,601,000 after acquiring an additional 456,119 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of 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 acquiring an additional 173,817 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of First Commonwealth Financial during the 4th quarter valued at $2,147,000. Barclays PLC lifted its position in shares of First Commonwealth Financial by 121.8% during the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank's stock valued at $3,631,000 after acquiring an additional 116,295 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of First Commonwealth Financial during the 4th quarter valued at $1,680,000. Institutional investors and hedge funds own 72.58% of the company's stock.

First Commonwealth Financial Stock Down 0.9 %

Shares of FCF stock traded down $0.14 on Friday, hitting $15.58. The stock had a trading volume of 5,420,365 shares, compared to its average volume of 534,160. The business has a 50 day moving average of $16.29 and a 200 day moving average of $17.01. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 11.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. First Commonwealth Financial Co. has a 12-month low of $12.41 and a 12-month high of $19.96.

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First Commonwealth Financial (NYSE:FCF - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate 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, analysts expect that First Commonwealth Financial Co. will post 1.45 EPS for the current year.

First Commonwealth Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.34%. First Commonwealth Financial's dividend payout ratio is currently 37.41%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FCF. 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. Keefe, Bruyette & Woods raised their price objective on shares of 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. 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. StockNews.com raised shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.58.

First Commonwealth Financial Company 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.