Boston Partners Has $1.68 Million Stock Position in First Commonwealth Financial Co. (NYSE:FCF)

Boston Partners cut its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,124 shares of the bank's stock after selling 24,999 shares during the quarter. Boston Partners owned about 0.10% of First Commonwealth Financial worth $1,677,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in First Commonwealth Financial during the 3rd quarter valued at $46,000. Jones Financial Companies Lllp raised its position in shares of First Commonwealth Financial by 56.8% during the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock valued at $57,000 after buying an additional 1,227 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of First Commonwealth Financial by 173.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock valued at $57,000 after buying an additional 2,154 shares during the period. AlphaQuest LLC grew its position in First Commonwealth Financial by 69.2% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the bank's stock worth $77,000 after buying an additional 1,873 shares in the last quarter. Finally, KBC Group NV increased its stake in First Commonwealth Financial by 61.6% during the fourth quarter. KBC Group NV now owns 5,842 shares of the bank's stock valued at $99,000 after acquiring an additional 2,226 shares during the period. 72.58% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FCF shares. Stephens reissued an "overweight" rating and set a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. StockNews.com upgraded shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. 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. Finally, Keefe, Bruyette & Woods lifted their price objective on First Commonwealth Financial from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $19.58.

First Commonwealth Financial Price Performance

Shares of NYSE:FCF traded up $0.06 during trading on Wednesday, reaching $15.76. The stock had a trading volume of 437,006 shares, compared to its average volume of 747,160. The stock has a market capitalization of $1.60 billion, a PE ratio of 11.33 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 52 week low of $12.41 and a 52 week high of $19.96. The business's 50-day moving average price is $16.27 and its 200 day moving average price is $17.00.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share (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, equities analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share for the current 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 given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial's payout ratio is presently 37.41%.

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.