First Trust Advisors LP Grows Position in First Commonwealth Financial Co. (NYSE:FCF)

First Trust Advisors LP raised its holdings in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,268,410 shares of the bank's stock after purchasing an additional 210,876 shares during the period. First Trust Advisors LP owned 1.25% of First Commonwealth Financial worth $21,461,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its stake in First Commonwealth Financial by 4.2% in the 3rd 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. Pictet Asset Management Holding SA increased its holdings in First Commonwealth Financial by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank's stock worth $227,000 after acquiring an additional 705 shares during the period. Sei Investments Co. lifted its stake in First Commonwealth Financial by 3.9% in the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank's stock worth $404,000 after purchasing an additional 895 shares in the last quarter. Aigen Investment Management LP boosted its holdings in First Commonwealth Financial by 6.0% in the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank's stock valued at $294,000 after purchasing an additional 983 shares during the period. Finally, Bank of Montreal Can grew its position in shares of First Commonwealth Financial by 6.2% during the 4th quarter. Bank of Montreal Can now owns 17,932 shares of the bank's stock valued at $303,000 after purchasing an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 72.58% of the company's stock.

First Commonwealth Financial Stock Down 1.2 %

Shares of NYSE FCF opened at $15.05 on Friday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 10.83 and a beta of 0.72. First Commonwealth Financial Co. has a one year low of $12.71 and a one year high of $19.96. The firm's 50 day simple moving average is $15.34 and its two-hundred day simple moving average is $16.67. 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 (NYSE:FCF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. As a group, analysts expect that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given 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 3.46%. First Commonwealth Financial's payout ratio is 37.41%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson reissued a "buy" rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. StockNews.com downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a research report on Wednesday. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Stephens reiterated an "overweight" rating and set a $21.50 target price on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.

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