UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.74 Million Holdings in First Commonwealth Financial Co. (NYSE:FCF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,129 shares of the bank's stock after acquiring an additional 40,881 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of First Commonwealth Financial worth $3,742,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Crowley Wealth Management Inc. acquired a new position in shares of First Commonwealth Financial during the fourth quarter valued at $42,000. Sterling Capital Management LLC increased its holdings 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 acquiring an additional 2,839 shares during the period. Smartleaf Asset Management LLC lifted its position in First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock valued at $57,000 after purchasing an additional 2,154 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in First Commonwealth Financial by 56.8% during the 4th quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock valued at $57,000 after purchasing an additional 1,227 shares during the period. Finally, AlphaQuest LLC grew its position in First Commonwealth Financial by 69.2% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the bank's stock worth $77,000 after purchasing an additional 1,873 shares during the last quarter. Institutional investors own 72.58% of the company's stock.

First Commonwealth Financial Price Performance

Shares of NYSE:FCF traded up $0.39 during trading on Friday, reaching $15.79. The company had a trading volume of 459,141 shares, compared to its average volume of 633,041. The firm's fifty day moving average is $15.25 and its 200 day moving average is $16.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $1.66 billion, a PE ratio of 11.36 and a beta of 0.81. First Commonwealth Financial Co. has a twelve month low of $12.71 and a twelve month high of $19.96.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $0.32 EPS for the quarter, hitting the consensus estimate 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 10.36% and a net margin of 20.38%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. On average, equities analysts forecast that First Commonwealth Financial Co. will post 1.45 EPS for the current year.

First Commonwealth Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.135 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.54 annualized dividend and a dividend yield of 3.42%. This is a boost from First Commonwealth Financial's previous quarterly dividend of $0.13. First Commonwealth Financial's payout ratio is currently 40.30%.

Insider Buying and Selling

In related news, Director Todd D. Brice acquired 7,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $16.09 per share, for a total transaction of $112,630.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FCF. Wall Street Zen cut First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Wednesday, May 7th. Royal Bank of Canada lowered their target price on First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods reduced their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.92.

First Commonwealth Financial Company 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.