First Commonwealth Financial Co. (NYSE:FCF) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lessened its stake in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,161,600 shares of the bank's stock after selling 28,526 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 2.12% of First Commonwealth Financial worth $36,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FCF. Stonebridge Financial Group LLC acquired a new stake in First Commonwealth Financial during the fourth quarter worth $2,147,000. Proficio Capital Partners LLC acquired a new stake in First Commonwealth Financial during the fourth quarter worth $304,000. Barclays PLC increased its stake in First Commonwealth Financial by 121.8% during the third quarter. Barclays PLC now owns 211,797 shares of the bank's stock worth $3,631,000 after acquiring an additional 116,295 shares during the last quarter. JPMorgan Chase & Co. increased its stake in First Commonwealth Financial by 46.6% during the fourth quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank's stock worth $15,693,000 after acquiring an additional 295,011 shares during the last quarter. Finally, Amundi increased its stake in First Commonwealth Financial by 187.4% during the fourth quarter. Amundi now owns 51,631 shares of the bank's stock worth $847,000 after acquiring an additional 33,666 shares during the last quarter. Institutional investors and hedge funds own 72.58% of the company's stock.

First Commonwealth Financial Stock Up 1.7 %

NYSE:FCF traded up $0.26 during trading hours on Tuesday, hitting $15.57. The company's stock had a trading volume of 1,011,692 shares, compared to its average volume of 612,153. The stock has a market capitalization of $1.59 billion, a P/E ratio of 11.20 and a beta of 0.72. The stock has a fifty day moving average of $15.32 and a 200-day moving average of $16.66. 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 52-week low of $12.03 and a 52-week high of $19.96.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $118.51 million for the quarter, compared to analyst estimates of $117.70 million. First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. On average, equities analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. DA Davidson reiterated a "buy" rating and issued a $21.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens reissued an "overweight" rating and set a $21.50 price target on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. StockNews.com cut shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $20.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, First Commonwealth Financial has a consensus 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.