First Commonwealth Financial Co. (NYSE:FCF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in First Commonwealth Financial by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank's stock valued at $64,876,000 after acquiring an additional 105,116 shares during the period. Stonebridge Financial Group LLC acquired a new stake in First Commonwealth Financial during the fourth quarter worth approximately $2,147,000. Proficio Capital Partners LLC purchased a new stake in shares of First Commonwealth Financial during the 4th quarter worth approximately $304,000. Barclays PLC raised its stake in First Commonwealth Financial by 121.8% during the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank's stock worth $3,631,000 after acquiring an additional 116,295 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in First Commonwealth Financial by 64.2% in the third quarter. BNP Paribas Financial Markets now owns 34,892 shares of the bank's stock valued at $598,000 after acquiring an additional 13,643 shares during the last quarter. Institutional investors and hedge funds own 72.58% of the company's stock.

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Analyst Ratings Changes

FCF has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Stephens reaffirmed an "overweight" rating and set a $21.50 price objective on shares of First Commonwealth Financial in a research note 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. Keefe, Bruyette & Woods boosted 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. Finally, DA Davidson reissued a "buy" rating and set a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $19.58.

First Commonwealth Financial Trading Up 0.4 %

Shares of FCF traded up $0.06 during trading hours on Wednesday, hitting $15.76. The stock had a trading volume of 437,006 shares, compared to its average volume of 536,074. The company's fifty day simple moving average is $16.25 and its 200 day simple moving average is $16.99. First Commonwealth Financial Co. has a 12-month low of $12.41 and a 12-month high of $19.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $1.60 billion, a P/E ratio of 11.33 and a beta of 0.84.

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 net margin of 20.38% and a return on equity of 10.36%. Equities research analysts forecast that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

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 dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.52 annualized dividend and a yield of 3.30%. First Commonwealth Financial's dividend payout ratio is presently 37.41%.

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.