First Commonwealth Financial Co. (NYSE:FCF) Stock Position Boosted by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,483,405 shares of the bank's stock after purchasing an additional 179,250 shares during the quarter. Northern Trust Corp owned approximately 1.46% of First Commonwealth Financial worth $25,099,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new stake in shares of First Commonwealth Financial in the fourth quarter worth $629,000. Aquatic Capital Management LLC grew its holdings in First Commonwealth Financial by 128.9% during the 4th quarter. Aquatic Capital Management LLC now owns 8,011 shares of the bank's stock worth $136,000 after acquiring an additional 4,511 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of First Commonwealth Financial in the 4th quarter worth about $2,308,000. Price T Rowe Associates Inc. MD raised its stake in shares of First Commonwealth Financial by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,742 shares of the bank's stock valued at $1,282,000 after purchasing an additional 6,733 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of First Commonwealth Financial by 35.3% in the 4th quarter. Hsbc Holdings PLC now owns 20,420 shares of the bank's stock valued at $345,000 after purchasing an additional 5,329 shares in the last quarter. 72.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at First Commonwealth Financial

In other First Commonwealth Financial news, Director Todd D. Brice bought 7,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $16.09 per share, for a total transaction of $112,630.00. Following the transaction, the director now directly owns 10,500 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through this hyperlink. 2.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on FCF. Royal Bank of Canada decreased 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. StockNews.com lowered First Commonwealth Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, May 7th. DA Davidson reiterated a "buy" rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on 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, Stephens reaffirmed an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.92.

First Commonwealth Financial Stock Performance

Shares of NYSE:FCF traded down $0.13 during trading on Friday, hitting $16.07. 125,310 shares of the company traded hands, compared to its average volume of 781,455. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The business's fifty day moving average is $15.25 and its 200-day moving average is $16.54. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.57 and a beta of 0.77. First Commonwealth Financial Co. has a one year low of $12.71 and a one year high of $19.96.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. As a group, equities analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, May 9th. This is a boost from First Commonwealth Financial's previous quarterly dividend of $0.13. First Commonwealth Financial's dividend payout ratio (DPR) is 40.30%.

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.