Intech Investment Management LLC Has $1.62 Million Stake in First Commonwealth Financial Co. (NYSE:FCF)

Intech Investment Management LLC grew its position in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 48.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,667 shares of the bank's stock after acquiring an additional 31,134 shares during the quarter. Intech Investment Management LLC owned about 0.09% of First Commonwealth Financial worth $1,619,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in First Commonwealth Financial in the 3rd quarter valued at about $46,000. Smartleaf Asset Management LLC raised its holdings in shares of First Commonwealth Financial by 173.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock valued at $57,000 after buying an additional 2,154 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of First Commonwealth Financial by 56.8% during the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock worth $57,000 after buying an additional 1,227 shares during the period. AlphaQuest LLC grew its holdings in First Commonwealth Financial by 69.2% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the bank's stock worth $77,000 after buying an additional 1,873 shares in the last quarter. Finally, KBC Group NV increased its position in First Commonwealth Financial by 61.6% in the 4th quarter. KBC Group NV now owns 5,842 shares of the bank's stock valued at $99,000 after acquiring an additional 2,226 shares during the period. Institutional investors and hedge funds own 72.58% of the company's stock.

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First Commonwealth Financial Price Performance

Shares of NYSE:FCF traded down $0.07 during trading hours on Tuesday, hitting $15.71. 539,111 shares of the company's stock traded hands, compared to its average volume of 535,703. The company's fifty day simple moving average is $16.27 and its two-hundred day simple moving average is $17.00. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 11.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. First Commonwealth Financial Co. has a 52 week low of $12.41 and a 52 week high of $19.96.

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 return on equity of 10.36% and a net margin of 20.38%. As a group, equities analysts anticipate that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial's dividend payout ratio (DPR) is presently 37.41%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. DA Davidson reiterated a "buy" rating and set a $21.00 price target 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 Friday, February 14th. Royal Bank of Canada restated 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 reiterated an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average 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.