Universal Beteiligungs und Servicegesellschaft mbH Takes $627,000 Position in First Commonwealth Financial Corporation (NYSE:FCF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH made a new investment of $627,000 in First Commonwealth Financial Corporation, acquiring 40,316 shares of the bank's stock.
• First Commonwealth Financial has recently declared a quarterly dividend of $0.135 per share, representing an annualized yield of 3.3%.
• Wall Street analysts have given First Commonwealth Financial an average rating of "Moderate Buy" with a price target of $18.90, despite some recent adjustments to price targets by different firms.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake 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 SEC. The fund purchased 40,316 shares of the bank's stock, valued at approximately $627,000.

Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in First Commonwealth Financial by 3.9% during the fourth quarter. Sei Investments Co. now owns 23,857 shares of the bank's stock worth $404,000 after purchasing an additional 895 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of First Commonwealth Financial during the fourth quarter worth about $338,000. LPL Financial LLC increased its stake in shares of First Commonwealth Financial by 10.7% during the fourth quarter. LPL Financial LLC now owns 32,879 shares of the bank's stock worth $556,000 after buying an additional 3,170 shares during the period. JPMorgan Chase & Co. raised its holdings in First Commonwealth Financial by 46.6% in the fourth quarter. JPMorgan Chase & Co. now owns 927,453 shares of the bank's stock valued at $15,693,000 after acquiring an additional 295,011 shares in the last quarter. Finally, Norges Bank acquired a new position in First Commonwealth Financial during the 4th quarter worth approximately $4,536,000. 72.58% of the stock is currently owned by institutional investors and hedge funds.

First Commonwealth Financial Stock Performance

First Commonwealth Financial stock traded down $0.10 during midday trading on Wednesday, hitting $16.61. 206,230 shares of the company's stock were exchanged, compared to its average volume of 709,255. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 12.77 and a beta of 0.84. First Commonwealth Financial Corporation has a 12-month low of $13.54 and a 12-month high of $19.96. The firm's 50 day simple moving average is $16.26 and its 200 day simple moving average is $15.92.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $131.33 million for the quarter, compared to analyst estimates of $125.88 million. First Commonwealth Financial had a return on equity of 9.71% and a net margin of 18.94%. During the same quarter last year, the company posted $0.37 earnings per share. Equities research analysts predict that First Commonwealth Financial Corporation will post 1.45 EPS for the current year.

First Commonwealth Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.54 annualized dividend and a dividend yield of 3.3%. First Commonwealth Financial's dividend payout ratio (DPR) is currently 41.54%.

Wall Street Analyst Weigh In

FCF has been the subject of several analyst reports. Wall Street Zen raised First Commonwealth Financial from a "sell" rating to a "hold" rating in a research report on Saturday. Keefe, Bruyette & Woods dropped their target price 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. Finally, Royal Bank Of Canada reduced their price target 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, First Commonwealth Financial has a consensus rating of "Moderate Buy" and a consensus price target of $18.90.

Insider Buying and Selling at First Commonwealth Financial

In other news, Director Todd D. Brice bought 7,000 shares of First Commonwealth Financial stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $16.09 per share, for a total transaction of $112,630.00. Following the purchase, the director owned 10,500 shares of the company's stock, valued at approximately $168,945. The trade was a 200.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.17% of the stock is currently owned by corporate insiders.

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.