American Century Companies Inc. Boosts Stock Position in First Commonwealth Financial Co. (NYSE:FCF)

American Century Companies Inc. grew its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,992,712 shares of the bank’s stock after acquiring an additional 9,588 shares during the quarter. American Century Companies Inc.’s holdings in First Commonwealth Financial were worth $33,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its position in shares of First Commonwealth Financial by 4.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock valued at $268,000 after buying an additional 633 shares during the last quarter. Natixis Advisors LLC raised its stake in First Commonwealth Financial by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock valued at $272,000 after acquiring an additional 883 shares during the period. Aigen Investment Management LP increased its stake in shares of First Commonwealth Financial by 6.0% in the fourth quarter. Aigen Investment Management LP now owns 17,398 shares of the bank’s stock worth $294,000 after purchasing an additional 983 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of First Commonwealth Financial by 56.8% in the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank’s stock valued at $57,000 after purchasing an additional 1,227 shares during the period. Finally, Swiss National Bank lifted its stake in shares of First Commonwealth Financial by 0.8% during the 4th quarter. Swiss National Bank now owns 201,400 shares of the bank’s stock valued at $3,408,000 after buying an additional 1,600 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors.

First Commonwealth Financial Price Performance

NYSE:FCF opened at $15.50 on Friday. First Commonwealth Financial Co. has a 52-week low of $12.41 and a 52-week high of $19.96. The stock has a fifty day moving average of $16.22 and a 200 day moving average of $16.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.15 and a beta of 0.84.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. On average, research analysts expect that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a yield of 3.36%. First Commonwealth Financial’s dividend payout ratio is presently 37.41%.

Analysts Set New Price Targets

FCF has been the subject of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price target on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson reiterated a “buy” rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Stephens reissued an “overweight” rating and set a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Finally, StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.58.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services.