Fuller & Thaler Asset Management Inc. Has $36.57 Million Stock Position in First Commonwealth Financial Co. (NYSE:FCF)

Fuller & Thaler Asset Management Inc. decreased its position in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,161,600 shares of the bank's stock after selling 28,526 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.12% of First Commonwealth Financial worth $36,574,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FCF. Franklin Resources Inc. increased its holdings in shares of First Commonwealth Financial by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank's stock worth $58,601,000 after buying an additional 456,119 shares during the last quarter. 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 buying an additional 295,011 shares during the period. Norges Bank acquired a new position in First Commonwealth Financial during the fourth quarter valued at approximately $4,536,000. First Trust Advisors LP grew its stake in First Commonwealth Financial by 19.9% during the fourth quarter. First Trust Advisors LP now owns 1,268,410 shares of the bank's stock worth $21,461,000 after buying an additional 210,876 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of First Commonwealth Financial by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank's stock worth $66,947,000 after acquiring an additional 173,817 shares in the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

First Commonwealth Financial Stock Performance

FCF stock traded down $0.25 during midday trading on Wednesday, reaching $15.32. The company had a trading volume of 237,097 shares, compared to its average volume of 611,726. First Commonwealth Financial Co. has a fifty-two week low of $12.71 and a fifty-two week high of $19.96. The firm has a market capitalization of $1.56 billion, a PE ratio of 11.02 and a beta of 0.72. 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 stock has a 50 day moving average price of $15.30 and a 200 day moving average price of $16.65.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. The firm had revenue of $118.51 million during the quarter, compared to analyst estimates of $117.70 million. During the same period last year, the company posted $0.37 EPS. The firm's quarterly revenue was up 1.5% on a year-over-year basis. Analysts anticipate that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FCF has been the topic of a number of recent research reports. DA Davidson restated a "buy" rating and set a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. StockNews.com lowered shares of First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. Finally, Stephens restated an "overweight" rating and set a $21.50 target price on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, First Commonwealth Financial presently has an average rating of "Hold" and a consensus price target of $19.58.

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.