First Commonwealth Financial Co. (NYSE:FCF) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 85.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,473 shares of the bank's stock after purchasing an additional 24,185 shares during the quarter. Victory Capital Management Inc. owned approximately 0.05% of First Commonwealth Financial worth $888,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in shares of First Commonwealth Financial by 4.2% in the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank's stock valued at $268,000 after buying an additional 633 shares in the last quarter. Natixis Advisors LLC grew its stake in First Commonwealth Financial by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank's stock valued at $272,000 after buying an additional 883 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in First Commonwealth Financial by 56.8% in the 4th quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock valued at $57,000 after purchasing an additional 1,227 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock valued at $57,000 after buying an additional 2,154 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of 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 purchasing an additional 2,226 shares during the last quarter. 72.58% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

FCF has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada restated an "outperform" rating and set a $20.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Stephens reissued an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. StockNews.com upgraded shares of First Commonwealth Financial from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Finally, DA Davidson reiterated a "buy" rating and set a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, 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 up $0.20 during mid-day trading on Monday, reaching $15.78. The stock had a trading volume of 932,173 shares, compared to its average volume of 535,752. 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 1 year low of $12.41 and a 1 year high of $19.96. The business's 50 day moving average price is $16.29 and its 200 day moving average price is $17.01. The company has a market cap of $1.61 billion, a P/E ratio of 11.35 and a beta of 0.84.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last announced its quarterly earnings data 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%. Research analysts expect that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, February 7th. First Commonwealth Financial's dividend payout ratio 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.