First Commonwealth Financial Co. (NYSE:FCF) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in First Commonwealth Financial Co. (NYSE:FCFFree Report) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,623 shares of the bank’s stock after acquiring an additional 633 shares during the period. Sanctuary Advisors LLC’s holdings in First Commonwealth Financial were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in First Commonwealth Financial by 121.8% in the third quarter. Barclays PLC now owns 211,797 shares of the bank’s stock valued at $3,631,000 after acquiring an additional 116,295 shares during the last quarter. Jane Street Group LLC raised its stake in shares of First Commonwealth Financial by 39.5% in the 3rd quarter. Jane Street Group LLC now owns 150,590 shares of the bank’s stock valued at $2,583,000 after acquiring an additional 42,632 shares during the period. Centiva Capital LP acquired a new position in shares of First Commonwealth Financial during the 3rd quarter valued at $518,000. Hantz Financial Services Inc. lifted its stake in shares of First Commonwealth Financial by 37.4% during the third quarter. Hantz Financial Services Inc. now owns 69,003 shares of the bank’s stock worth $1,183,000 after purchasing an additional 18,799 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of First Commonwealth Financial by 64.2% in the third quarter. BNP Paribas Financial Markets now owns 34,892 shares of the bank’s stock worth $598,000 after buying an additional 13,643 shares during the period. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FCF. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Keefe, Bruyette & Woods upped their target price on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler lowered their price target on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.70.

Check Out Our Latest Stock Report on FCF

First Commonwealth Financial Stock Performance

Shares of FCF opened at $17.00 on Friday. First Commonwealth Financial Co. has a 52-week low of $12.41 and a 52-week high of $19.96. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 11.49 and a beta of 0.86. The business’s 50 day moving average is $17.97 and its two-hundred day moving average is $16.69.

First Commonwealth Financial (NYSE:FCFGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). The company had revenue of $121.21 million during the quarter, compared to analyst estimates of $119.47 million. First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. Analysts forecast that First Commonwealth Financial Co. will post 1.4 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.13 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a yield of 3.06%. First Commonwealth Financial’s dividend payout ratio (DPR) is 35.14%.

First Commonwealth Financial Profile

(Free Report)

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.

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

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