Invesco Ltd. Has $11.64 Million Holdings in First Commonwealth Financial Co. (NYSE:FCF)

Invesco Ltd. decreased its stake in First Commonwealth Financial Co. (NYSE:FCF - Free Report) by 18.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 687,641 shares of the bank's stock after selling 160,431 shares during the quarter. Invesco Ltd. owned 0.68% of First Commonwealth Financial worth $11,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its stake in First Commonwealth Financial by 6.2% in the fourth quarter. Bank of Montreal Can now owns 17,932 shares of the bank's stock valued at $303,000 after buying an additional 1,048 shares during the period. Envestnet Asset Management Inc. lifted its stake in First Commonwealth Financial by 6.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 27,458 shares of the bank's stock valued at $465,000 after buying an additional 1,588 shares during the period. Wells Fargo & Company MN lifted its stake in First Commonwealth Financial by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 75,028 shares of the bank's stock valued at $1,269,000 after buying an additional 11,064 shares during the period. ExodusPoint Capital Management LP lifted its stake in First Commonwealth Financial by 239.6% in the fourth quarter. ExodusPoint Capital Management LP now owns 169,194 shares of the bank's stock valued at $2,863,000 after buying an additional 119,366 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in shares of First Commonwealth Financial by 5.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank's stock worth $227,000 after acquiring an additional 705 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FCF shares. StockNews.com downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. DA Davidson restated a "buy" rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens reiterated an "overweight" rating and set a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. One equities 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. Based on data from MarketBeat, First Commonwealth Financial currently has an average rating of "Hold" and an average target price of $19.58.

First Commonwealth Financial Stock Performance

Shares of First Commonwealth Financial stock traded up $0.24 during trading on Monday, reaching $15.31. The company's stock had a trading volume of 693,290 shares, compared to its average volume of 610,429. 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 50-day moving average price is $15.32 and its 200-day moving average price is $16.66. First Commonwealth Financial Co. has a 52 week low of $12.71 and a 52 week high of $19.96. The firm has a market cap of $1.56 billion, a PE ratio of 11.01 and a beta of 0.72.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. Equities analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.13 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a yield of 3.40%. First Commonwealth Financial's dividend payout ratio (DPR) is presently 37.41%.

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.