First Commonwealth Financial Co. (NYSE:FCF) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its position in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,315,871 shares of the bank's stock after selling 25,159 shares during the period. Geode Capital Management LLC owned about 2.28% of First Commonwealth Financial worth $39,195,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FCF. Charles Schwab Investment Management Inc. increased its stake in First Commonwealth Financial by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank's stock valued at $66,947,000 after purchasing an additional 173,817 shares during the last quarter. Franklin Resources Inc. grew its position in First Commonwealth Financial by 15.3% during the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock worth $58,601,000 after buying an additional 456,119 shares during the period. American Century Companies Inc. raised its holdings in First Commonwealth Financial by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,992,712 shares of the bank's stock worth $33,717,000 after purchasing an additional 9,588 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Commonwealth Financial by 46.6% in the 4th quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank's stock worth $15,693,000 after buying an additional 295,011 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of First Commonwealth Financial by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 557,397 shares of the bank's stock worth $9,431,000 after purchasing an additional 18,433 shares during the last quarter. 72.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FCF shares. Stephens reiterated an "overweight" rating and set a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. StockNews.com upgraded shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, DA Davidson reiterated a "buy" rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, First Commonwealth Financial presently has a consensus rating of "Hold" and an average price target of $19.58.

First Commonwealth Financial Trading Up 0.6 %

Shares of FCF traded up $0.09 during mid-day trading on Friday, reaching $14.57. The company had a trading volume of 2,636,638 shares, compared to its average volume of 608,792. First Commonwealth Financial Co. has a fifty-two week low of $12.56 and a fifty-two week high of $19.96. The firm has a fifty day simple moving average of $15.55 and a 200-day simple moving average of $16.73. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 10.48 and a beta of 0.72. 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 (NYSE:FCF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. On average, sell-side analysts anticipate that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently declared 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 of this dividend was Friday, February 7th. This represents a $0.52 annualized dividend and a yield of 3.57%. First Commonwealth Financial's payout ratio is 37.41%.

First Commonwealth Financial Company 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.