Janus Henderson Group PLC Acquires 17,505 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Janus Henderson Group PLC boosted its stake in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 30.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,641 shares of the bank's stock after buying an additional 17,505 shares during the quarter. Janus Henderson Group PLC owned approximately 0.07% of First Commonwealth Financial worth $1,279,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FCF. Stonebridge Financial Group LLC acquired a new position in shares of First Commonwealth Financial during the fourth quarter valued at about $2,147,000. Proficio Capital Partners LLC bought a new stake in shares of First Commonwealth Financial during the fourth quarter worth about $304,000. Barclays PLC increased its position in shares of First Commonwealth Financial by 121.8% during the third quarter. Barclays PLC now owns 211,797 shares of the bank's stock worth $3,631,000 after acquiring an additional 116,295 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Commonwealth Financial by 46.6% in the 4th quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank's stock worth $15,693,000 after acquiring an additional 295,011 shares during the last quarter. Finally, Amundi lifted its position in First Commonwealth Financial by 187.4% in the 4th quarter. Amundi now owns 51,631 shares of the bank's stock valued at $847,000 after acquiring an additional 33,666 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Todd D. Brice acquired 7,000 shares of First Commonwealth Financial stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of $16.09 per share, with a total value of $112,630.00. Following the completion of the acquisition, the director now owns 10,500 shares in the company, valued at approximately $168,945. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.17% of the stock is currently owned by insiders.

First Commonwealth Financial Stock Performance

Shares of First Commonwealth Financial stock traded down $0.20 during trading hours on Wednesday, hitting $15.59. 27,827 shares of the company's stock traded hands, compared to its average volume of 627,043. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.23 and a beta of 0.77. First Commonwealth Financial Co. has a 12-month low of $12.71 and a 12-month 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. The company has a fifty day simple moving average of $15.26 and a 200-day simple moving average of $16.45.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. The business had revenue of $118.51 million during the quarter, compared to the consensus estimate of $117.70 million. First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. Equities research analysts anticipate that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.54 annualized dividend and a dividend yield of 3.46%. This is a positive change from First Commonwealth Financial's previous quarterly dividend of $0.13. First Commonwealth Financial's dividend payout ratio (DPR) is presently 40.30%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FCF. Stephens restated an "overweight" rating and issued a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. DA Davidson restated a "buy" rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their target price on shares of First Commonwealth Financial from $19.00 to $18.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada cut their price target on shares of First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, First Commonwealth Financial presently has a consensus rating of "Hold" and a consensus target price of $18.92.

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.