American Century Companies Inc. grew its position in First Commonwealth Financial Corporation (NYSE:FCF) by 12.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 524,184 shares of the bank’s stock after purchasing an additional 59,911 shares during the period. American Century Companies Inc. owned about 0.54% of First Commonwealth Financial Corporation worth $6,647,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of First Commonwealth Financial Corporation in the 1st quarter valued at $101,000. State of Alaska Department of Revenue lifted its position in First Commonwealth Financial Corporation by 2.0% during the 1st 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 in the last quarter. Trexquant Investment LP acquired a new position in First Commonwealth Financial Corporation during the 1st quarter worth about $138,000. Bank of Montreal Can lifted its position in First Commonwealth Financial Corporation by 6.5% during the 1st quarter. Bank of Montreal Can now owns 11,470 shares of the bank’s stock worth $153,000 after buying an additional 698 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in First Commonwealth Financial Corporation by 15.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,532 shares of the bank’s stock worth $153,000 after buying an additional 1,564 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

First Commonwealth Financial Corporation (NYSE:FCF) opened at 12.28 on Friday. The firm has a market cap of $1.19 billion, a P/E ratio of 17.34 and a beta of 0.99. The company’s 50-day moving average is $12.71 and its 200 day moving average is $12.95. First Commonwealth Financial Corporation has a 12 month low of $9.62 and a 12 month high of $14.61.

First Commonwealth Financial Corporation (NYSE:FCF) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $76.72 million for the quarter, compared to analyst estimates 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 last year, the firm posted $0.14 earnings per share. Equities research analysts expect that First Commonwealth Financial Corporation will post $0.80 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, August 3rd. First Commonwealth Financial Corporation’s dividend payout ratio (DPR) is presently 45.07%.

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Several brokerages recently issued reports on FCF. BidaskClub upgraded shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price target on shares of First Commonwealth Financial Corporation in a research report on Thursday, August 10th. Royal Bank Of Canada began coverage on shares of First Commonwealth Financial Corporation in a research report on Monday, July 17th. They set an “outperform” rating and a $14.00 price target on the stock. Finally, Canaccord Genuity reduced their price target on shares of First Commonwealth Financial Corporation from C$4.50 to C$4.25 and set a “speculative buy” rating on the stock in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. First Commonwealth Financial Corporation currently has a consensus rating of “Buy” and an average price target of $9.82.

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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