New Age Alpha Advisors LLC Acquires New Holdings in First Commonwealth Financial Co. (NYSE:FCF)

New Age Alpha Advisors LLC purchased a new position in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 145,131 shares of the bank's stock, valued at approximately $2,456,000. New Age Alpha Advisors LLC owned about 0.14% of First Commonwealth Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in shares of First Commonwealth Financial during the 4th quarter worth $42,000. Wilmington Savings Fund Society FSB purchased a new stake in First Commonwealth Financial during the third quarter valued at about $46,000. Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 1,227 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock worth $57,000 after purchasing an additional 2,154 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of 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 purchasing an additional 1,873 shares during the period. Hedge funds and other institutional investors own 72.58% of the company's stock.

Remove Ads

First Commonwealth Financial Stock Up 0.5 %

First Commonwealth Financial stock traded up $0.08 during midday trading on Wednesday, hitting $15.63. 275,580 shares of the stock were exchanged, compared to its average volume of 729,560. First Commonwealth Financial Co. has a 1 year low of $12.41 and a 1 year high of $19.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $1.59 billion, a P/E ratio of 11.24 and a beta of 0.84. The company has a 50 day moving average price of $16.17 and a two-hundred day moving average price of $16.97.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last released its quarterly 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 return on equity of 10.36% and a net margin of 20.38%. On average, sell-side analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently declared 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 3.33%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial's payout ratio is currently 37.41%.

Wall Street Analyst Weigh In

FCF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. 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 raised shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. DA Davidson reaffirmed a "buy" rating and set a $21.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Stephens reissued an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.58.

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.