Jane Street Group LLC Has $2.58 Million Position in First Commonwealth Financial Co. (NYSE:FCF)

Jane Street Group LLC boosted its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 39.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 150,590 shares of the bank's stock after acquiring an additional 42,632 shares during the quarter. Jane Street Group LLC owned approximately 0.15% of First Commonwealth Financial worth $2,583,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of First Commonwealth Financial by 29.9% during the 2nd quarter. American Century Companies Inc. now owns 1,673,201 shares of the bank's stock worth $23,107,000 after acquiring an additional 384,892 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in First Commonwealth Financial by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,987,929 shares of the bank's stock worth $96,503,000 after purchasing an additional 233,955 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in First Commonwealth Financial by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank's stock worth $64,876,000 after purchasing an additional 105,116 shares during the period. Intech Investment Management LLC acquired a new position in First Commonwealth Financial during the second quarter valued at approximately $834,000. Finally, Hantz Financial Services Inc. bought a new position in shares of First Commonwealth Financial in the second quarter valued at approximately $693,000. 72.58% of the stock is currently owned by institutional investors and hedge funds.

First Commonwealth Financial Stock Performance

FCF traded up $0.12 on Monday, hitting $17.05. 467,770 shares of the stock traded hands, compared to its average volume of 519,923. The business has a fifty day moving average price of $18.00 and a two-hundred day moving average price of $16.57. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. First Commonwealth Financial Co. has a 52 week low of $12.41 and a 52 week high of $19.96. The firm has a market capitalization of $1.74 billion, a PE ratio of 11.52 and a beta of 0.86.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its earnings results on Tuesday, October 29th. The bank reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The firm had revenue of $121.21 million during the quarter, compared to analyst estimates of $119.47 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts predict that First Commonwealth Financial Co. will post 1.4 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.13 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.05%. First Commonwealth Financial's payout ratio is presently 35.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price 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. Piper Sandler lowered their price target on First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com cut First Commonwealth Financial from a "hold" rating to a "sell" rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, First Commonwealth Financial has a consensus rating of "Hold" and an average price target of $17.70.

First Commonwealth Financial 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.