LSV Asset Management Sells 25,000 Shares of First Commonwealth Financial Co. (NYSE:FCF)

LSV Asset Management decreased its position in shares of First Commonwealth Financial Co. (NYSE:FCF) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,200 shares of the bank’s stock after selling 25,000 shares during the quarter. LSV Asset Management owned 0.29% of First Commonwealth Financial worth $5,062,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FCF. FMR LLC lifted its holdings in shares of First Commonwealth Financial by 22.0% during the 3rd quarter. FMR LLC now owns 24,190 shares of the bank’s stock worth $415,000 after acquiring an additional 4,360 shares during the period. Jane Street Group LLC lifted its stake in First Commonwealth Financial by 39.5% during the third quarter. Jane Street Group LLC now owns 150,590 shares of the bank’s stock worth $2,583,000 after purchasing an additional 42,632 shares during the last quarter. Barclays PLC boosted 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 in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of First Commonwealth Financial by 4.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock valued at $268,000 after purchasing an additional 633 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of First Commonwealth Financial in the 3rd quarter valued at $46,000. 72.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FCF shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. StockNews.com downgraded shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 4th. DA Davidson reiterated a “buy” rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Stephens reissued an “overweight” rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.58.

First Commonwealth Financial Stock Performance

First Commonwealth Financial stock opened at $14.09 on Monday. The business has a 50 day moving average of $15.75 and a 200-day moving average of $16.80. The company has a market capitalization of $1.43 billion, a P/E ratio of 10.13 and a beta of 0.72. First Commonwealth Financial Co. has a 1 year low of $12.41 and a 1 year high of $19.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings results 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 net margin of 20.38% and a return on equity of 10.36%. On average, equities research analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial’s payout ratio is presently 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.