Nationwide Fund Advisors lifted its holdings in First Commonwealth Financial Corporation (NYSE:FCF) by 6.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 110,976 shares of the bank’s stock after buying an additional 6,568 shares during the quarter. Nationwide Fund Advisors owned approximately 0.11% of First Commonwealth Financial Corporation worth $1,407,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FCF. BlackRock Inc. lifted its position in shares of First Commonwealth Financial Corporation by 45,299.4% in the 1st quarter. BlackRock Inc. now owns 10,979,393 shares of the bank’s stock worth $145,588,000 after buying an additional 10,955,209 shares during the last quarter. Vanguard Group Inc. lifted its position 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 worth $115,193,000 after buying an additional 792,067 shares during the last quarter. State Street Corp lifted its position in shares of First Commonwealth Financial Corporation by 14.5% in the 1st quarter. State Street Corp now owns 3,001,842 shares of the bank’s stock worth $39,802,000 after buying an additional 379,322 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of First Commonwealth Financial Corporation in the 2nd quarter worth about $2,731,000. Finally, Alliancebernstein L.P. lifted its position in shares of First Commonwealth Financial Corporation by 11.6% in the 2nd quarter. Alliancebernstein L.P. now owns 2,014,195 shares of the bank’s stock worth $25,540,000 after buying an additional 209,250 shares during the last quarter. Institutional investors own 63.04% of the company’s stock.

Shares of First Commonwealth Financial Corporation (FCF) opened at 14.13 on Friday. The company has a market capitalization of $1.37 billion, a P/E ratio of 19.96 and a beta of 1.01. The company has a 50-day moving average of $13.52 and a 200 day moving average of $12.96. First Commonwealth Financial Corporation has a 12 month low of $9.76 and a 12 month high of $14.61.

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, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $76.82 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Analysts forecast that First Commonwealth Financial Corporation will post $0.80 EPS for the current year.

A number of research analysts have recently issued reports on FCF shares. Zacks Investment Research upgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, August 2nd. Canaccord Genuity reduced their price target on shares of First Commonwealth Financial Corporation from C$4.25 to C$3.25 and set a “buy” rating on the stock in a research report on Wednesday, August 30th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price target on shares of First Commonwealth Financial Corporation in a research report on Friday, September 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price target on shares of First Commonwealth Financial Corporation in a research report on Thursday, August 10th. Finally, BidaskClub upgraded shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.96.

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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.

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

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