SG Americas Securities LLC Takes $484,000 Position in First Commonwealth Financial Corporation (NYSE:FCF)

SG Americas Securities LLC bought a new position in shares of First Commonwealth Financial Corporation (NYSE:FCF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,175 shares of the bank's stock, valued at approximately $484,000.

A number of other institutional investors have also added to or reduced their stakes in FCF. Proficio Capital Partners LLC bought a new stake in First Commonwealth Financial in the 4th quarter worth approximately $304,000. JPMorgan Chase & Co. boosted its stake 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 valued at $15,693,000 after purchasing an additional 295,011 shares in the last quarter. Amundi grew its holdings in shares of First Commonwealth Financial by 187.4% during the 4th quarter. Amundi now owns 51,631 shares of the bank's stock valued at $847,000 after purchasing an additional 33,666 shares during the last quarter. Principal Financial Group Inc. raised its position in First Commonwealth Financial by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 557,397 shares of the bank's stock worth $9,431,000 after purchasing an additional 18,433 shares during the period. Finally, Deutsche Bank AG boosted its position in First Commonwealth Financial by 60.0% during the fourth quarter. Deutsche Bank AG now owns 79,661 shares of the bank's stock valued at $1,348,000 after buying an additional 29,858 shares during the period. 72.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FCF has been the topic of a number of recent analyst reports. Wall Street Zen lowered First Commonwealth Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada dropped their target price on shares of First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods reduced their price target on shares of First Commonwealth Financial from $19.00 to $18.00 and set a "market perform" rating on the stock in a research report on Friday, May 2nd. 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 currently has an average rating of "Hold" and a consensus target price of $18.92.

Insider Activity at First Commonwealth Financial

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

First Commonwealth Financial Stock Up 0.6%

NYSE FCF traded up $0.10 during trading hours on Friday, reaching $16.37. 1,059,634 shares of the company's stock traded hands, compared to its average volume of 720,244. The firm has a market cap of $1.72 billion, a PE ratio of 12.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. First Commonwealth Financial Corporation has a 52-week low of $13.54 and a 52-week high of $19.96. The firm has a 50-day simple moving average of $15.61 and a 200 day simple moving average of $15.99.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The firm had revenue of $118.51 million for the quarter, compared to analysts' expectations of $117.70 million. First Commonwealth Financial had a return on equity of 9.80% and a net margin of 19.68%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. Sell-side analysts anticipate that First Commonwealth Financial Corporation 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 given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from First Commonwealth Financial's previous quarterly dividend of $0.13. First Commonwealth Financial's payout ratio is currently 40.30%.

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.