NEXT Financial Group Inc acquired a new position in shares of First Commonwealth Financial Corporation (NYSE:FCF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,849 shares of the bank’s stock, valued at approximately $181,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of First Commonwealth Financial Corporation by 2.0% in the second quarter. Vanguard Group Inc. now owns 8,864,321 shares of the bank’s stock worth $112,399,000 after buying an additional 177,076 shares in the last quarter. Northern Trust Corp lifted its stake in shares of First Commonwealth Financial Corporation by 5.8% in the second quarter. Northern Trust Corp now owns 1,552,863 shares of the bank’s stock worth $19,689,000 after buying an additional 84,936 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of First Commonwealth Financial Corporation in the second quarter worth approximately $2,731,000. GSA Capital Partners LLP bought a new position in shares of First Commonwealth Financial Corporation in the second quarter worth approximately $561,000. Finally, Royal Bank of Canada lifted its stake in shares of First Commonwealth Financial Corporation by 59.3% in the second quarter. Royal Bank of Canada now owns 117,636 shares of the bank’s stock worth $1,491,000 after buying an additional 43,807 shares in the last quarter. 63.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Commonwealth Financial Corporation (FCF) traded up $0.15 during mid-day trading on Wednesday, reaching $14.54. 738,200 shares of the company’s stock were exchanged, compared to its average volume of 440,759. First Commonwealth Financial Corporation has a twelve month low of $12.05 and a twelve month high of $14.76. The stock has a market capitalization of $1,402.44, a PE ratio of 17.34 and a beta of 0.97. 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 (NYSE:FCF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $80.46 million during the quarter, compared to analysts’ expectations of $79.29 million. First Commonwealth Financial Corporation had a net margin of 21.96% and a return on equity of 9.53%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share. sell-side analysts predict that First Commonwealth Financial Corporation will post 0.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were paid a $0.08 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.20%. First Commonwealth Financial Corporation’s dividend payout ratio (DPR) is presently 43.24%.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, September 19th. ValuEngine downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. BidaskClub downgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” 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.

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

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