Vanguard Group Inc. Has $198.16 Million Stake in First Commonwealth Financial Co. (NYSE:FCF)

Vanguard Group Inc. trimmed its stake in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,711,641 shares of the bank's stock after selling 50,662 shares during the quarter. Vanguard Group Inc. owned about 11.51% of First Commonwealth Financial worth $198,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in First Commonwealth Financial in the third quarter worth about $46,000. Jones Financial Companies Lllp grew its holdings in shares of First Commonwealth Financial by 56.8% in the 4th 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 increased its stake in 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 in the last quarter. AlphaQuest LLC raised its holdings in shares of First Commonwealth Financial by 69.2% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the bank's stock valued at $77,000 after acquiring an additional 1,873 shares during the period. Finally, KBC Group NV raised its stake in First Commonwealth Financial by 61.6% during the 4th quarter. KBC Group NV now owns 5,842 shares of the bank's stock valued at $99,000 after purchasing an additional 2,226 shares during the period. 72.58% of the stock is owned by institutional investors and hedge funds.

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First Commonwealth Financial Stock Down 0.9 %

Shares of NYSE FCF traded down $0.12 during mid-day trading on Friday, reaching $14.09. 932,604 shares of the company's stock were exchanged, compared to its average volume of 595,811. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. First Commonwealth Financial Co. has a twelve month low of $12.41 and a twelve month high of $19.96. The business has a fifty day simple moving average of $15.75 and a 200 day simple moving average of $16.79. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 10.13 and a beta of 0.72.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last released 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%. As a group, equities analysts expect that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial's payout ratio is presently 37.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FCF shares. DA Davidson reiterated a "buy" rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. StockNews.com downgraded shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Friday, April 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.