Wilmington Savings Fund Society FSB Takes Position in First Commonwealth Financial Co. (NYSE:FCF)

Wilmington Savings Fund Society FSB acquired a new position in shares of First Commonwealth Financial Co. (NYSE:FCF) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,700 shares of the bank’s stock, valued at approximately $46,000.

Several other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of First Commonwealth Financial by 2,572.6% during the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after buying an additional 1,595 shares during the period. Quest Partners LLC acquired a new stake in First Commonwealth Financial during the 2nd quarter worth approximately $34,000. Innealta Capital LLC purchased a new position in shares of First Commonwealth Financial in the 2nd quarter valued at $51,000. CWM LLC lifted its position in First Commonwealth Financial by 92.0% during the 3rd quarter. CWM LLC now owns 3,830 shares of the bank’s stock worth $66,000 after acquiring an additional 1,835 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of First Commonwealth Financial during the third quarter valued at approximately $72,000. Hedge funds and other institutional investors own 72.58% of the company’s stock.

First Commonwealth Financial Stock Up 0.8 %

Shares of FCF opened at $16.93 on Monday. The business’s 50 day simple moving average is $18.00 and its 200-day simple moving average is $16.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $1.72 billion, a P/E ratio of 11.44 and a beta of 0.86. First Commonwealth Financial Co. has a one year low of $12.41 and a one year high of $19.96.

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

First Commonwealth Financial Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, November 8th. First Commonwealth Financial’s payout ratio is presently 35.14%.

Analyst Upgrades and Downgrades

FCF has been the subject of a number of research analyst reports. StockNews.com lowered shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 16th. Piper Sandler cut their price objective on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods increased their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.70.

First Commonwealth Financial 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.