First Commonwealth Financial Corporation (FCF) Holdings Maintained by Bank of Montreal Can

Bank of Montreal Can maintained its stake in First Commonwealth Financial Corporation (NYSE:FCF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,470 shares of the bank’s stock at the end of the 2nd quarter. Bank of Montreal Can’s holdings in First Commonwealth Financial Corporation were worth $145,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FCF. AQR Capital Management LLC boosted its holdings in shares of First Commonwealth Financial Corporation by 19.1% in the 1st quarter. AQR Capital Management LLC now owns 389,862 shares of the bank’s stock valued at $5,170,000 after purchasing an additional 62,401 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of First Commonwealth Financial Corporation by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 8,687,245 shares of the bank’s stock valued at $115,193,000 after purchasing an additional 792,067 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of First Commonwealth Financial Corporation by 11.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 18,239 shares of the bank’s stock valued at $242,000 after purchasing an additional 1,850 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of First Commonwealth Financial Corporation by 33.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,813,596 shares of the bank’s stock valued at $24,049,000 after purchasing an additional 453,031 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of First Commonwealth Financial Corporation by 9.5% in the 1st quarter. Swiss National Bank now owns 162,000 shares of the bank’s stock valued at $2,148,000 after purchasing an additional 14,000 shares in the last quarter. 63.04% of the stock is currently owned by institutional investors and hedge funds.

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First Commonwealth Financial Corporation (NYSE:FCF) opened at 13.38 on Friday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 18.90 and a beta of 0.99. The company’s 50-day moving average price is $12.72 and its 200 day moving average price is $12.87. First Commonwealth Financial Corporation has a 12 month low of $9.62 and a 12 month high of $14.61.

First Commonwealth Financial Corporation (NYSE:FCF) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $76.72 million during the quarter, compared to the consensus estimate of $76.82 million. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. During the same period in the previous year, the firm posted $0.14 earnings per share. Analysts forecast that First Commonwealth Financial Corporation will post $0.80 EPS for the current fiscal year.

A number of equities research analysts have weighed in on FCF shares. Canaccord Genuity raised First Commonwealth Financial Corporation from a “speculative buy” rating to a “buy” rating and set a C$4.25 target price on the stock in a report on Thursday, June 1st. BidaskClub raised First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, June 27th. Royal Bank Of Canada began coverage on First Commonwealth Financial Corporation in a research note on Monday, July 17th. They issued an “outperform” rating and a $14.00 price target for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 price target on shares of First Commonwealth Financial Corporation in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. First Commonwealth Financial Corporation currently has a consensus rating of “Buy” and an average target price of $9.96.

First Commonwealth Financial Corporation Company Profile

First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

Institutional Ownership by Quarter for First Commonwealth Financial Corporation (NYSE:FCF)

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