Hantz Financial Services Inc. Raises Stock Holdings in First Commonwealth Financial Co. (NYSE:FCF)

Hantz Financial Services Inc. boosted its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF) by 37.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,003 shares of the bank’s stock after acquiring an additional 18,799 shares during the quarter. Hantz Financial Services Inc. owned 0.07% of First Commonwealth Financial worth $1,183,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Natixis Advisors LLC lifted its position in shares of First Commonwealth Financial by 5.9% during the third quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock worth $272,000 after purchasing an additional 883 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in First Commonwealth Financial by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the bank’s stock valued at $708,000 after buying an additional 900 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in First Commonwealth Financial by 6.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock worth $332,000 after acquiring an additional 1,112 shares in the last quarter. Farther Finance Advisors LLC grew its stake in First Commonwealth Financial by 2,572.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock worth $28,000 after acquiring an additional 1,595 shares in the last quarter. Finally, CWM LLC increased its position in shares of First Commonwealth Financial by 451.1% during the second quarter. CWM LLC now owns 1,995 shares of the bank’s stock worth $28,000 after acquiring an additional 1,633 shares during the period. Institutional investors own 72.58% of the company’s stock.

Insider Transactions at First Commonwealth Financial

In other First Commonwealth Financial news, EVP Michael P. Mccuen acquired 2,919 shares of the stock in a transaction dated Monday, September 23rd. The stock was purchased at an average price of $16.99 per share, with a total value of $49,593.81. Following the transaction, the executive vice president now directly owns 57,623 shares of the company’s stock, valued at $979,014.77. This trade represents a 5.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Piper Sandler lowered their target price on 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, First Commonwealth Financial has a consensus rating of “Hold” and a consensus price target of $17.30.

First Commonwealth Financial Stock Performance

Shares of FCF stock opened at $18.83 on Monday. The company’s 50 day moving average is $17.53 and its 200 day moving average is $16.07. 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 $1.92 billion, a price-to-earnings ratio of 12.72 and a beta of 0.83. First Commonwealth Financial Co. has a 52-week low of $12.41 and a 52-week high of $19.96.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). First Commonwealth Financial had a return on equity of 11.19% and a net margin of 21.87%. The company had revenue of $121.21 million during the quarter, compared to the consensus estimate of $119.47 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, November 8th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, November 8th. First Commonwealth Financial’s dividend payout ratio is currently 35.14%.

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.