Boothbay Fund Management LLC bought a new position in First Commonwealth Financial Co. (NYSE:FCF – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 136,433 shares of the bank’s stock, valued at approximately $2,308,000. Boothbay Fund Management LLC owned about 0.13% of First Commonwealth Financial as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in shares of First Commonwealth Financial in the 4th quarter worth approximately $42,000. Wilmington Savings Fund Society FSB purchased a new position in shares of First Commonwealth Financial in the 3rd quarter worth approximately $46,000. Sterling Capital Management LLC boosted its stake in shares of First Commonwealth Financial by 815.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,187 shares of the bank’s stock worth $54,000 after buying an additional 2,839 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of First Commonwealth Financial by 56.8% in the 4th 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 last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank’s stock worth $57,000 after buying an additional 2,154 shares during the last quarter. Hedge funds and other institutional investors own 72.58% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on FCF. StockNews.com downgraded First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Finally, Stephens reaffirmed an “overweight” rating and issued a $21.50 price target on shares of First Commonwealth Financial in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, First Commonwealth Financial presently has an average rating of “Hold” and a consensus target price of $19.58.
View Our Latest Research Report on First Commonwealth Financial
First Commonwealth Financial Trading Down 1.2 %
Shares of FCF stock opened at $15.05 on Monday. The company’s fifty day simple moving average is $15.34 and its two-hundred day simple moving average is $16.67. 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 Co. has a 1 year low of $12.71 and a 1 year high of $19.96. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.83 and a beta of 0.72.
First Commonwealth Financial (NYSE:FCF – Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (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%. As a group, analysts anticipate 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 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a yield of 3.46%. First Commonwealth Financial’s payout ratio is 37.41%.
First Commonwealth Financial Company Profile
(Free Report)
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.
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Want to see what other hedge funds are holding FCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Commonwealth Financial Co. (NYSE:FCF – Free Report).
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