Schwab Charles Investment Management Inc. increased its holdings in First Commonwealth Financial Corporation (NYSE:FCF) by 13.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 448,498 shares of the bank’s stock after purchasing an additional 53,848 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.46% of First Commonwealth Financial Corporation worth $5,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new position in shares of First Commonwealth Financial Corporation in the first quarter valued at about $101,000. Trexquant Investment LP purchased a new position in shares of First Commonwealth Financial Corporation in the first quarter valued at about $138,000. Envestnet Asset Management Inc. increased its position in shares of First Commonwealth Financial Corporation by 15.7% in the first quarter. Envestnet Asset Management Inc. now owns 11,532 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,564 shares during the period. Oxford Asset Management purchased a new position in shares of First Commonwealth Financial Corporation in the first quarter valued at about $170,000. Finally, OppenheimerFunds Inc. increased its position in shares of First Commonwealth Financial Corporation by 65.2% in the first quarter. OppenheimerFunds Inc. now owns 17,070 shares of the bank’s stock valued at $226,000 after acquiring an additional 6,739 shares during the period. Institutional investors own 63.04% of the company’s stock.

First Commonwealth Financial Corporation (NYSE:FCF) opened at 14.17 on Thursday. The firm has a 50 day moving average of $13.27 and a 200-day moving average of $12.92. The stock has a market cap of $1.38 billion, a PE ratio of 20.01 and a beta of 1.01. First Commonwealth Financial Corporation has a 52-week low of $9.62 and a 52-week high of $14.61.

First Commonwealth Financial Corporation (NYSE:FCF) last released its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $76.72 million during the quarter, compared to analyst estimates of $76.82 million. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. During the same quarter last year, the business earned $0.14 EPS. Equities analysts anticipate that First Commonwealth Financial Corporation will post $0.80 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. decreased their price objective on shares of First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. BidaskClub cut shares of First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and issued 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 assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.96.

First Commonwealth Financial Corporation 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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