Prudential Financial Inc. Has $1.97 Million Position in First Commonwealth Financial Co. (NYSE:FCF)

Prudential Financial Inc. lessened its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,900 shares of the bank's stock after selling 62,978 shares during the quarter. Prudential Financial Inc. owned 0.10% of First Commonwealth Financial worth $1,966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sanctuary Advisors LLC grew its position in shares of First Commonwealth Financial by 4.2% during the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank's stock worth $268,000 after buying an additional 633 shares in the last quarter. Sei Investments Co. grew its holdings in First Commonwealth Financial by 3.9% during the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank's stock worth $404,000 after acquiring an additional 895 shares in the last quarter. Aigen Investment Management LP raised its stake in shares of First Commonwealth Financial by 6.0% in the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank's stock valued at $294,000 after purchasing an additional 983 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of First Commonwealth Financial by 56.8% during the 4th quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock valued at $57,000 after acquiring an additional 1,227 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of First Commonwealth Financial by 0.8% in the 4th quarter. Swiss National Bank now owns 201,400 shares of the bank's stock worth $3,408,000 after buying an additional 1,600 shares during the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

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First Commonwealth Financial Price Performance

Shares of NYSE FCF traded down $0.38 during trading on Friday, hitting $14.09. The company had a trading volume of 1,228,998 shares, compared to its average volume of 576,677. The company has a market cap of $1.43 billion, a P/E ratio of 10.14 and a beta of 0.72. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The business's 50-day moving average is $16.07 and its 200 day moving average is $16.92. 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 announced 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%. Equities research 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 company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.69%. First Commonwealth Financial's dividend payout ratio is currently 37.41%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. StockNews.com cut shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Friday. DA Davidson restated a "buy" rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.