First Commonwealth Financial Co. (NYSE:FCF) Shares Sold by Mariner LLC

Mariner LLC lowered its stake in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,106,128 shares of the bank's stock after selling 39,898 shares during the period. Mariner LLC owned approximately 2.07% of First Commonwealth Financial worth $35,636,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new position in shares of First Commonwealth Financial during the 4th quarter valued at approximately $2,147,000. Proficio Capital Partners LLC purchased a new stake in shares of First Commonwealth Financial in the fourth quarter valued at $304,000. Barclays PLC raised its stake in shares of First Commonwealth Financial by 121.8% in the third quarter. Barclays PLC now owns 211,797 shares of the bank's stock valued at $3,631,000 after acquiring an additional 116,295 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of First Commonwealth Financial by 46.6% during the 4th quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank's stock worth $15,693,000 after purchasing an additional 295,011 shares during the period. Finally, Amundi raised its position in First Commonwealth Financial by 187.4% in the 4th quarter. Amundi now owns 51,631 shares of the bank's stock worth $847,000 after purchasing an additional 33,666 shares during the period. 72.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FCF has been the topic of a number of analyst reports. Stephens reaffirmed an "overweight" rating and set a $21.50 target price on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. StockNews.com upgraded First Commonwealth Financial from a "sell" rating to a "hold" rating in a report on Tuesday. DA Davidson reissued a "buy" rating and issued a $21.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, 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. Four equities 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.58.

First Commonwealth Financial Stock Performance

Shares of NYSE:FCF traded up $0.09 during midday trading on Friday, reaching $14.57. The company's stock had a trading volume of 2,636,638 shares, compared to its average volume of 609,297. The firm has a market capitalization of $1.48 billion, a PE ratio of 10.48 and a beta of 0.72. The stock has a fifty day moving average of $15.50 and a 200 day moving average of $16.71. 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 Co. has a twelve month low of $12.71 and a twelve month high of $19.96.

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

First Commonwealth Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial's dividend payout ratio (DPR) is presently 37.41%.

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.