First Commonwealth Financial Co. (NYSE:FCF) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of First Commonwealth Financial Co. (NYSE:FCF) by 48.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 95,667 shares of the bank’s stock after purchasing an additional 31,134 shares during the period. Intech Investment Management LLC’s holdings in First Commonwealth Financial were worth $1,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FCF. Sanctuary Advisors LLC grew its holdings in First Commonwealth Financial by 4.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock worth $268,000 after acquiring an additional 633 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of First Commonwealth Financial by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock worth $272,000 after acquiring an additional 883 shares in the last quarter. Aigen Investment Management LP increased its holdings in shares of First Commonwealth Financial by 6.0% in the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank’s stock valued at $294,000 after acquiring an additional 983 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of First Commonwealth Financial by 56.8% during 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 in the last quarter. Finally, Swiss National Bank lifted its stake in First Commonwealth Financial by 0.8% during the fourth quarter. Swiss National Bank now owns 201,400 shares of the bank’s stock worth $3,408,000 after purchasing an additional 1,600 shares during the last quarter. 72.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FCF shares. 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. Keefe, Bruyette & Woods boosted their price target 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. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Stephens reiterated an “overweight” rating and set a $21.50 target price on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Finally, DA Davidson reissued a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, First Commonwealth Financial has a consensus rating of “Hold” and an average target price of $19.58.

First Commonwealth Financial Price Performance

Shares of FCF opened at $15.58 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. First Commonwealth Financial Co. has a fifty-two week low of $12.41 and a fifty-two week high of $19.96. The firm has a 50-day simple moving average of $16.29 and a 200-day simple moving average of $17.01. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 11.21 and a beta of 0.84.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings data 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 return on equity of 10.36% and a net margin of 20.38%. On average, equities research analysts anticipate that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a yield of 3.34%. First Commonwealth Financial’s dividend payout ratio (DPR) is 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.