TIAA CREF Investment Management LLC lifted its holdings in First Commonwealth Financial Corporation (NYSE:FCF) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 375,319 shares of the bank’s stock after purchasing an additional 19,088 shares during the quarter. TIAA CREF Investment Management LLC owned 0.39% of First Commonwealth Financial Corporation worth $4,759,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. IFP Advisors Inc grew its holdings in shares of First Commonwealth Financial Corporation by 0.6% in the second quarter. IFP Advisors Inc now owns 20,524 shares of the bank’s stock valued at $260,000 after purchasing an additional 120 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of 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 valued at $270,000 after purchasing an additional 260 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of 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 valued at $614,000 after purchasing an additional 500 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of First Commonwealth Financial Corporation by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 31,350 shares of the bank’s stock valued at $398,000 after purchasing an additional 850 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of First Commonwealth Financial Corporation by 0.7% in the first quarter. Legal & General Group Plc now owns 147,052 shares of the bank’s stock valued at $1,950,000 after purchasing an additional 1,012 shares in the last quarter. 63.04% of the stock is owned by hedge funds and other institutional investors.

Shares of First Commonwealth Financial Corporation (NYSE:FCF) opened at 14.02 on Thursday. The company has a market capitalization of $1.36 billion, a P/E ratio of 19.80 and a beta of 1.01. The company has a 50-day moving average price of $13.48 and a 200-day moving average price of $12.95. 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 issued its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $76.72 million during the quarter, compared to analysts’ expectations of $76.82 million. First Commonwealth Financial Corporation had a return on equity of 9.45% and a net margin of 21.61%. During the same period in the prior year, the business earned $0.14 EPS. On average, analysts forecast that First Commonwealth Financial Corporation will post $0.80 EPS for the current fiscal year.

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A number of research firms recently weighed in on FCF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a report on Thursday, August 10th. Zacks Investment Research raised shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, August 2nd. Raymond James Financial, Inc. cut their target price on shares of First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating for the company in a report on Wednesday, August 30th. BidaskClub lowered shares of First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 target price on shares of First Commonwealth Financial Corporation in a report on Friday, September 8th. One 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. First Commonwealth Financial Corporation presently has an average rating of “Hold” and a consensus price target 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.

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

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