IFP Advisors Inc raised its position in shares of First Commonwealth Financial Corporation (NYSE:FCF) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,524 shares of the bank’s stock after buying an additional 120 shares during the period. IFP Advisors Inc’s holdings in First Commonwealth Financial Corporation were worth $260,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in First Commonwealth Financial Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 9,820 shares of the bank’s stock worth $130,000 after buying an additional 190 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in First Commonwealth Financial Corporation by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,330 shares of the bank’s stock worth $270,000 after buying an additional 260 shares during the period. Louisiana State Employees Retirement System boosted its stake in First Commonwealth Financial Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the bank’s stock worth $481,000 after buying an additional 500 shares during the period. Arizona State Retirement System boosted its stake in First Commonwealth Financial Corporation by 1.1% in the first quarter. Arizona State Retirement System now owns 46,338 shares of the bank’s stock worth $614,000 after buying an additional 500 shares during the period. Finally, Bank of Montreal Can boosted its stake in First Commonwealth Financial Corporation by 6.5% in the first quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock worth $153,000 after buying an additional 698 shares during the period. Institutional investors own 60.79% of the company’s stock.

First Commonwealth Financial Corporation (FCF) opened at 12.49 on Friday. First Commonwealth Financial Corporation has a one year low of $9.62 and a one year high of $14.61. The stock has a 50 day moving average price of $12.84 and a 200-day moving average price of $13.08. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 17.64 and a beta of 0.97.

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

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Thursday, August 3rd. First Commonwealth Financial Corporation’s payout ratio is currently 45.07%.

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A number of research firms have commented on FCF. Zacks Investment Research cut First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub cut First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Canaccord Genuity upgraded First Commonwealth Financial Corporation from a “speculative buy” rating to a “buy” rating and set a C$4.25 price target for the company in a research note on Thursday, June 1st. 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. Finally, FBR & Co reiterated a “hold” rating on shares of First Commonwealth Financial Corporation in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $10.21.

In other news, Director Stephen Reid bought 35,700 shares of First Commonwealth Financial Corporation stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of $3.35 per share, with a total value of $119,595.00. Insiders bought a total of 88,444 shares of company stock valued at $271,168 over the last three months. Company insiders own 1.72% of the company’s stock.

About First Commonwealth Financial Corporation

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.

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

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