Stonebridge Financial Group LLC Invests $2.15 Million in First Commonwealth Financial Co. (NYSE:FCF)

Stonebridge Financial Group LLC acquired a new position in First Commonwealth Financial Co. (NYSE:FCF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 126,876 shares of the bank's stock, valued at approximately $2,147,000. Stonebridge Financial Group LLC owned about 0.12% of First Commonwealth Financial at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in First Commonwealth Financial in the second quarter worth approximately $203,000. CWM LLC boosted its stake in First Commonwealth Financial by 92.0% in the third quarter. CWM LLC now owns 3,830 shares of the bank's stock worth $66,000 after buying an additional 1,835 shares in the last quarter. nVerses Capital LLC purchased a new stake in First Commonwealth Financial in the third quarter worth approximately $72,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in First Commonwealth Financial by 12.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,184 shares of the bank's stock worth $1,038,000 after buying an additional 6,771 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in First Commonwealth Financial by 6.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank's stock worth $332,000 after buying an additional 1,112 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors.

First Commonwealth Financial Trading Down 0.5 %

NYSE:FCF traded down $0.08 during trading hours on Friday, hitting $16.54. The company had a trading volume of 290,993 shares, compared to its average volume of 654,223. The company has a market capitalization of $1.68 billion, a PE ratio of 11.90 and a beta of 0.87. The stock has a 50-day moving average price of $16.90 and a 200 day moving average price of $17.13. First Commonwealth Financial Co. has a 52 week low of $12.41 and a 52 week 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.

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

First Commonwealth Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, February 7th. First Commonwealth Financial's dividend payout ratio (DPR) is currently 37.41%.

Analysts Set New Price Targets

FCF has been the subject of a number of analyst reports. DA Davidson reissued a "buy" rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Stephens restated an "overweight" rating and issued a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. Finally, Piper Sandler cut their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $19.58.

First Commonwealth Financial Company 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.