Great West Life Assurance Co. Can lifted its stake in First Commonwealth Financial Corporation (NYSE:FCF) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,666 shares of the bank’s stock after buying an additional 3,931 shares during the period. Great West Life Assurance Co. Can owned approximately 0.13% of First Commonwealth Financial worth $1,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its position in shares of First Commonwealth Financial by 11.1% in the second quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock worth $108,000 after buying an additional 846 shares during the period. Amalgamated Bank boosted its holdings in First Commonwealth Financial by 9.7% in the second quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock valued at $167,000 after purchasing an additional 1,160 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in First Commonwealth Financial by 6.6% in the second quarter. Wedge Capital Management L L P NC now owns 26,676 shares of the bank’s stock valued at $338,000 after purchasing an additional 1,656 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in First Commonwealth Financial by 4.4% in the second quarter. Pinebridge Investments L.P. now owns 59,455 shares of the bank’s stock valued at $753,000 after purchasing an additional 2,520 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in First Commonwealth Financial by 25.8% in the second quarter. Trexquant Investment LP now owns 13,127 shares of the bank’s stock valued at $166,000 after purchasing an additional 2,696 shares during the last quarter. 65.64% of the stock is owned by institutional investors.

First Commonwealth Financial Corporation (NYSE FCF) opened at $14.94 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. First Commonwealth Financial Corporation has a 1-year low of $12.05 and a 1-year high of $15.67. The company has a market capitalization of $1,441.42, a P/E ratio of 17.82 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 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. First Commonwealth Financial had a return on equity of 9.53% and a net margin of 21.96%. The company had revenue of $80.46 million for the quarter, compared to the consensus estimate of $79.29 million. During the same quarter last year, the business posted $0.19 EPS. First Commonwealth Financial’s quarterly revenue was up 20.8% compared to the same quarter last year. sell-side analysts expect that First Commonwealth Financial Corporation will post 0.82 earnings per share for the current year.

A number of research analysts recently commented on FCF shares. Zacks Investment Research raised First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, August 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $14.00 price target on shares of First Commonwealth Financial in a report on Friday, September 8th. Canaccord Genuity reduced their price target on First Commonwealth Financial from C$4.25 to C$3.25 and set a “buy” rating for the company in a report on Wednesday, August 30th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price target on shares of First Commonwealth Financial in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.83.

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First Commonwealth Financial 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.

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

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