First Commonwealth Financial Co. (NYSE:FCF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in First Commonwealth Financial Co. (NYSE:FCF) by 33.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 406,599 shares of the bank’s stock after selling 206,233 shares during the quarter. Thrivent Financial for Lutherans owned 0.40% of First Commonwealth Financial worth $6,880,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in First Commonwealth Financial in the third quarter valued at approximately $46,000. Jones Financial Companies Lllp boosted its position in shares of First Commonwealth Financial by 56.8% during the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank’s stock worth $57,000 after buying an additional 1,227 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of First Commonwealth Financial by 173.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank’s stock valued at $57,000 after buying an additional 2,154 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of First Commonwealth Financial by 69.2% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the bank’s stock valued at $77,000 after buying an additional 1,873 shares during the period. Finally, KBC Group NV lifted its stake in First Commonwealth Financial by 61.6% during the 4th quarter. KBC Group NV now owns 5,842 shares of the bank’s stock worth $99,000 after acquiring an additional 2,226 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

First Commonwealth Financial Stock Performance

Shares of FCF stock opened at $15.58 on Monday. First Commonwealth Financial Co. has a 12 month low of $12.41 and a 12 month high of $19.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.59 billion, a P/E ratio of 11.21 and a beta of 0.84. The firm has a fifty day moving average price of $16.29 and a 200 day moving average price of $17.01.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. Sell-side analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share 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 of this dividend was Friday, February 7th. This represents a $0.52 annualized dividend and a yield of 3.34%. First Commonwealth Financial’s dividend payout ratio is currently 37.41%.

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.