Royce & Associates LP Has $1.11 Million Holdings in First Commonwealth Financial Co. (NYSE:FCF)

Royce & Associates LP boosted its position in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 66.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,862 shares of the bank's stock after buying an additional 26,345 shares during the quarter. Royce & Associates LP owned 0.06% of First Commonwealth Financial worth $1,114,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FCF. Franklin Resources Inc. increased its stake in shares of First Commonwealth Financial by 15.3% in the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock worth $58,601,000 after buying an additional 456,119 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in First Commonwealth Financial by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank's stock worth $66,947,000 after acquiring an additional 173,817 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of First Commonwealth Financial in the 4th quarter worth about $2,147,000. Barclays PLC increased its position in shares of First Commonwealth Financial by 121.8% in the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank's stock worth $3,631,000 after purchasing an additional 116,295 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Commonwealth Financial in the 4th quarter valued at about $1,680,000. Institutional investors and hedge funds own 72.58% of the company's stock.

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Wall Street Analysts Forecast Growth

FCF has been the subject of several research reports. StockNews.com upgraded First Commonwealth Financial from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Stephens reiterated an "overweight" rating and issued 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 report on Thursday, January 30th. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four investment 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 company currently has a consensus rating of "Hold" and a consensus price target of $19.58.

First Commonwealth Financial Stock Up 0.4 %

Shares of First Commonwealth Financial stock traded up $0.06 on Wednesday, hitting $15.76. 437,006 shares of the company traded hands, compared to its average volume of 535,198. First Commonwealth Financial Co. has a 12-month low of $12.41 and a 12-month high of $19.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.60 billion, a PE ratio of 11.33 and a beta of 0.84. The company has a 50-day moving average price of $16.27 and a 200 day moving average price of $17.00.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share 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%. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 annualized dividend and a yield of 3.30%. First Commonwealth Financial's dividend payout ratio (DPR) is currently 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.