Thrivent Financial for Lutherans Sells 206,233 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Thrivent Financial for Lutherans lowered its stake in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 406,599 shares of the bank's stock after selling 206,233 shares during the period. Thrivent Financial for Lutherans owned approximately 0.40% of First Commonwealth Financial worth $6,880,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FCF. Sanctuary Advisors LLC increased its stake in shares of First Commonwealth Financial by 4.2% during 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 period. Natixis Advisors LLC increased its position in First Commonwealth Financial by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank's stock worth $272,000 after buying an additional 883 shares during the period. Aigen Investment Management LP lifted its holdings in shares of First Commonwealth Financial by 6.0% during the fourth quarter. Aigen Investment Management LP now owns 17,398 shares of the bank's stock worth $294,000 after buying an additional 983 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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. Finally, Swiss National Bank increased its position in First Commonwealth Financial by 0.8% during the fourth quarter. Swiss National Bank now owns 201,400 shares of the bank's stock worth $3,408,000 after acquiring an additional 1,600 shares during the period. 72.58% of the stock is currently owned by institutional investors and hedge funds.

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First Commonwealth Financial Price Performance

Shares of NYSE:FCF traded up $0.01 during trading on Thursday, hitting $15.76. 407,073 shares of the company were exchanged, compared to its average volume of 535,533. The company has a quick ratio of 0.92, a current ratio of 0.93 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 company has a market capitalization of $1.60 billion, a P/E ratio of 11.34 and a beta of 0.84. The business's 50 day moving average is $16.25 and its 200-day moving average is $16.99.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted 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%. Equities analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors 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 dividend on an annualized basis and a yield of 3.30%. First Commonwealth Financial's payout ratio is 37.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stephens restated an "overweight" rating and set a $21.50 target price on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. StockNews.com raised First Commonwealth Financial from a "sell" rating to a "hold" rating in a report on Friday, February 14th. 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. DA Davidson reiterated a "buy" rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.