Ieq Capital LLC Makes New $207,000 Investment in First Commonwealth Financial Co. (NYSE:FCF)

Ieq Capital LLC bought a new position in shares of First Commonwealth Financial Co. (NYSE:FCF) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,260 shares of the bank’s stock, valued at approximately $207,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in First Commonwealth Financial by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank’s stock worth $58,601,000 after acquiring an additional 456,119 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of First Commonwealth Financial during the fourth quarter worth about $2,147,000. Barclays PLC lifted its holdings in shares of First Commonwealth Financial by 121.8% in the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank’s stock valued at $3,631,000 after purchasing an additional 116,295 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of First Commonwealth Financial by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank’s stock valued at $64,876,000 after purchasing an additional 105,116 shares during the period. Finally, Jane Street Group LLC grew its stake in First Commonwealth Financial by 39.5% during the 3rd quarter. Jane Street Group LLC now owns 150,590 shares of the bank’s stock worth $2,583,000 after buying an additional 42,632 shares during the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

First Commonwealth Financial Stock Up 1.0 %

Shares of First Commonwealth Financial stock opened at $16.42 on Friday. First Commonwealth Financial Co. has a one year low of $12.41 and a one year high of $19.96. The company has a market cap of $1.67 billion, a P/E ratio of 11.81 and a beta of 0.87. 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 fifty day moving average of $16.59 and a two-hundred day moving average of $17.11.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 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, analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.17%. First Commonwealth Financial’s dividend payout ratio is currently 37.41%.

First Commonwealth Financial Company Profile

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.