First Commonwealth Financial Co. (NYSE:FCF) Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,200 shares of the bank's stock after selling 25,000 shares during the period. LSV Asset Management owned about 0.29% of First Commonwealth Financial worth $5,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sanctuary Advisors LLC grew its stake in First Commonwealth Financial by 4.2% in the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank's stock worth $268,000 after purchasing an additional 633 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of First Commonwealth Financial by 5.6% in 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 in the last quarter. Sei Investments Co. increased its holdings in shares of First Commonwealth Financial by 3.9% in the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank's stock valued at $404,000 after acquiring an additional 895 shares during the last quarter. Aigen Investment Management LP raised its position in shares of First Commonwealth Financial by 6.0% during the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank's stock valued at $294,000 after acquiring an additional 983 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in First Commonwealth Financial by 6.2% during the fourth quarter. Bank of Montreal Can now owns 17,932 shares of the bank's stock worth $303,000 after purchasing an additional 1,048 shares during the last quarter. Institutional investors own 72.58% of the company's stock.

Wall Street Analyst Weigh In

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

First Commonwealth Financial Stock Performance

NYSE FCF traded up $0.09 on Friday, hitting $14.57. The stock had a trading volume of 2,636,638 shares, compared to its average volume of 608,792. The company's 50-day moving average is $15.55 and its two-hundred day moving average is $16.73. First Commonwealth Financial Co. has a one year low of $12.56 and a one year high of $19.96. 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 quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate 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, analysts expect that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.57%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial's payout ratio is currently 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.