The Manufacturers Life Insurance Company raised its holdings in First Commonwealth Financial Corporation (NYSE:FCF) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,282 shares of the bank’s stock after buying an additional 5,109 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of First Commonwealth Financial Corporation worth $917,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in First Commonwealth Financial Corporation in the 2nd quarter valued at $113,000. Trexquant Investment LP increased its holdings in First Commonwealth Financial Corporation by 25.8% in the 2nd quarter. Trexquant Investment LP now owns 13,127 shares of the bank’s stock valued at $166,000 after buying an additional 2,696 shares during the period. Amalgamated Bank increased its holdings in First Commonwealth Financial Corporation by 9.7% in the 2nd quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock valued at $167,000 after buying an additional 1,160 shares during the period. Capital Fund Management S.A. bought a new stake in First Commonwealth Financial Corporation in the 2nd quarter valued at $209,000. Finally, OppenheimerFunds Inc. increased its holdings in First Commonwealth Financial Corporation by 65.2% in the 1st quarter. OppenheimerFunds Inc. now owns 17,070 shares of the bank’s stock valued at $226,000 after buying an additional 6,739 shares during the period. 63.49% of the stock is currently owned by hedge funds and other institutional investors.

FCF has been the topic of several analyst reports. Raymond James Financial, Inc. lowered their price target 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 report on Wednesday, August 30th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price target on shares of First Commonwealth Financial Corporation in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Canaccord Genuity lowered 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 report on Wednesday, August 30th. Finally, FBR & Co reissued a “neutral” rating and issued a $14.00 price target on shares of First Commonwealth Financial Corporation in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. First Commonwealth Financial Corporation presently has an average rating of “Buy” and a consensus target price of $9.96.

Shares of First Commonwealth Financial Corporation (FCF) opened at $14.14 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.09. First Commonwealth Financial Corporation has a fifty-two week low of $11.22 and a fifty-two week high of $14.76. The firm has a market cap of $1,380.02, a PE ratio of 17.06 and a beta of 0.97.

First Commonwealth Financial Corporation (NYSE:FCF) last posted its earnings results on Wednesday, October 25th. The bank reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. First Commonwealth Financial Corporation had a net margin of 21.96% and a return on equity of 9.53%. The business had revenue of $80.46 million for the quarter, compared to analyst estimates of $79.29 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. research analysts expect that First Commonwealth Financial Corporation will post 0.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, November 3rd. First Commonwealth Financial Corporation’s payout ratio is 43.24%.

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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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