Royce & Associates LP Purchases 26,345 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Royce & Associates LP lifted its position in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 66.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,862 shares of the bank's stock after purchasing an additional 26,345 shares during the period. 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 hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in First Commonwealth Financial in the 3rd quarter worth about $46,000. Smartleaf Asset Management LLC boosted its position in First Commonwealth Financial by 173.4% during the fourth 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. Jones Financial Companies Lllp increased its stake in shares of First Commonwealth Financial by 56.8% in the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock worth $57,000 after purchasing an additional 1,227 shares in the last quarter. AlphaQuest LLC raised its position in shares of First Commonwealth Financial by 69.2% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the bank's stock valued at $77,000 after purchasing an additional 1,873 shares during the period. Finally, KBC Group NV boosted its holdings in First Commonwealth Financial by 61.6% in the 4th quarter. KBC Group NV now owns 5,842 shares of the bank's stock worth $99,000 after buying an additional 2,226 shares during the period. Hedge funds and other institutional investors own 72.58% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have issued reports on FCF. DA Davidson reissued a "buy" rating and set a $21.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens reiterated an "overweight" rating and set a $21.50 price objective on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $20.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. StockNews.com raised First Commonwealth Financial from a "sell" rating to a "hold" rating in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods increased their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.58.

First Commonwealth Financial Price Performance

Shares of NYSE:FCF traded down $0.07 on Tuesday, hitting $15.71. The company's stock had a trading volume of 539,111 shares, compared to its average volume of 535,703. The company has a market capitalization of $1.60 billion, a PE ratio of 11.30 and a beta of 0.84. 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 company has a 50-day simple moving average of $16.27 and a 200 day simple moving average of $17.00. First Commonwealth Financial Co. has a 1 year low of $12.41 and a 1 year 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. Sell-side analysts forecast that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 annualized dividend and a yield of 3.31%. First Commonwealth Financial's dividend payout ratio (DPR) is presently 37.41%.

About First Commonwealth Financial

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.