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

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

Other institutional investors also recently added to or reduced their stakes in the company. Vest Financial LLC purchased a new position in First Commonwealth Financial during the 1st quarter worth $1,473,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of First Commonwealth Financial during the first quarter worth about $244,000. GAMMA Investing LLC grew its holdings in shares of First Commonwealth Financial by 1,385.9% during the first quarter. GAMMA Investing LLC now owns 32,898 shares of the bank's stock worth $511,000 after buying an additional 30,684 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of First Commonwealth Financial by 22.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 221,129 shares of the bank's stock worth $3,742,000 after buying an additional 40,881 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in First Commonwealth Financial by 23.6% in the 4th quarter. Voloridge Investment Management LLC now owns 127,735 shares of the bank's stock valued at $2,161,000 after acquiring an additional 24,427 shares during the period. Institutional investors and hedge funds own 72.58% of the company's stock.

First Commonwealth Financial Stock Performance

NYSE FCF traded up $0.11 on Tuesday, hitting $15.98. 456,629 shares of the company's stock were exchanged, compared to its average volume of 637,310. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 11.93 and a beta of 0.81. The firm's 50-day moving average price is $15.55 and its two-hundred day moving average price is $16.00. First Commonwealth Financial Corporation has a fifty-two week low of $13.05 and a fifty-two week high of $19.96. 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 (NYSE:FCF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. First Commonwealth Financial had a net margin of 19.68% and a return on equity of 9.80%. The company had revenue of $118.51 million for the quarter, compared to analyst estimates of $117.70 million. During the same period in the previous year, the firm earned $0.37 EPS. The business's revenue was up 1.5% on a year-over-year basis. On average, research analysts expect that First Commonwealth Financial Corporation will post 1.45 EPS for the current year.

First Commonwealth Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.135 dividend. This is a boost from First Commonwealth Financial's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.54 annualized dividend and a dividend yield of 3.38%. First Commonwealth Financial's dividend payout ratio (DPR) is 40.30%.

Insider Buying and Selling

In other news, Director Todd D. Brice bought 7,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $16.09 per share, for a total transaction of $112,630.00. Following the completion of the transaction, the director now owns 10,500 shares in the company, valued at $168,945. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FCF shares. Keefe, Bruyette & Woods decreased their price objective on First Commonwealth Financial from $19.00 to $18.00 and set a "market perform" rating for the company in a research report on Friday, May 2nd. Royal Bank Of Canada cut their price target on First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, First Commonwealth Financial currently has an average rating of "Hold" and a consensus target price of $18.92.

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.