First Commonwealth Financial Co. (NYSE:FCF) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 239.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,194 shares of the bank's stock after acquiring an additional 119,366 shares during the period. ExodusPoint Capital Management LP owned about 0.17% of First Commonwealth Financial worth $2,863,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in First Commonwealth Financial during the 4th quarter valued at $42,000. Wilmington Savings Fund Society FSB purchased a new position in shares of First Commonwealth Financial during the third quarter valued at $46,000. Jones Financial Companies Lllp raised its holdings in shares of First Commonwealth Financial by 56.8% in the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock valued at $57,000 after acquiring an additional 1,227 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in First Commonwealth Financial by 173.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock worth $57,000 after acquiring an additional 2,154 shares during the period. Finally, AlphaQuest LLC grew its holdings in First Commonwealth Financial by 69.2% during the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the bank's stock worth $77,000 after acquiring an additional 1,873 shares in the last quarter. Hedge funds and other institutional investors own 72.58% of the company's stock.

First Commonwealth Financial Stock Performance

Shares of FCF stock traded down $0.12 during mid-day trading on Friday, reaching $14.09. The stock had a trading volume of 932,604 shares, compared to its average volume of 595,811. 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 $12.41 and a 1-year high of $19.96. The business's fifty day moving average is $15.75 and its 200-day moving average is $16.79. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 10.13 and a beta of 0.72.

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First Commonwealth Financial (NYSE:FCF - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.36% and a net margin of 20.38%. On average, research analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial's payout ratio is currently 37.41%.

Wall Street Analysts Forecast Growth

FCF has been the subject of several recent research reports. DA Davidson restated a "buy" rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens restated an "overweight" rating and set a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. StockNews.com downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $20.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.