Engineers Gate Manager LP purchased a new stake in First Commonwealth Financial Corporation (NYSE:FCF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,109 shares of the bank’s stock, valued at approximately $680,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of First Commonwealth Financial by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,864,321 shares of the bank’s stock valued at $112,399,000 after acquiring an additional 177,076 shares in the last quarter. Northern Trust Corp lifted its position in shares of First Commonwealth Financial by 5.8% in the 2nd quarter. Northern Trust Corp now owns 1,552,863 shares of the bank’s stock valued at $19,689,000 after acquiring an additional 84,936 shares in the last quarter. American Century Companies Inc. lifted its position in shares of First Commonwealth Financial by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 537,145 shares of the bank’s stock valued at $7,590,000 after acquiring an additional 12,961 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Commonwealth Financial by 59.3% in the 2nd quarter. Royal Bank of Canada now owns 117,636 shares of the bank’s stock valued at $1,491,000 after acquiring an additional 43,807 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of First Commonwealth Financial in the 2nd quarter valued at approximately $2,731,000. Institutional investors and hedge funds own 65.65% of the company’s stock.

Shares of First Commonwealth Financial Corporation (NYSE FCF) opened at $14.79 on Friday. First Commonwealth Financial Corporation has a 12-month low of $12.05 and a 12-month high of $15.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1,398.54, a P/E ratio of 17.29 and a beta of 0.97.

First Commonwealth Financial (NYSE:FCF) last released its earnings results on Wednesday, October 25th. The bank reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. First Commonwealth Financial had a net margin of 21.96% and a return on equity of 9.53%. The company had revenue of $80.46 million during the quarter, compared to the consensus estimate of $79.29 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue was up 20.8% compared to the same quarter last year. equities analysts expect that First Commonwealth Financial Corporation will post 0.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.16%. First Commonwealth Financial’s payout ratio is 43.24%.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, September 19th. ValuEngine downgraded shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of First Commonwealth Financial in a research report on Friday, September 8th. Canaccord Genuity cut their target price on shares of First Commonwealth Financial from C$4.25 to C$3.25 and set a “buy” rating for the company in a research report on Wednesday, August 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 target price on shares of First Commonwealth Financial in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.83.

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First Commonwealth Financial 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 (NYSE:FCF)

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