Tudor Investment Corp ET AL Takes Position in First Commonwealth Financial Co. (NYSE:FCF)

Tudor Investment Corp ET AL bought a new stake in First Commonwealth Financial Co. (NYSE:FCF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,201 shares of the bank's stock, valued at approximately $629,000.

Other institutional investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. bought a new position in First Commonwealth Financial in the fourth quarter valued at about $42,000. Wilmington Savings Fund Society FSB bought a new position in shares of First Commonwealth Financial in the third quarter worth about $46,000. Sterling Capital Management LLC raised its stake in shares of First Commonwealth Financial by 815.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,187 shares of the bank's stock worth $54,000 after buying an additional 2,839 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of First Commonwealth Financial by 173.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank's stock worth $57,000 after buying an additional 2,154 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of First Commonwealth Financial by 56.8% in the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank's stock worth $57,000 after buying an additional 1,227 shares during the period. Institutional investors own 72.58% of the company's stock.

First Commonwealth Financial Price Performance

NYSE FCF traded up $0.47 during trading hours on Monday, reaching $16.13. The company's stock had a trading volume of 240,480 shares, compared to its average volume of 790,201. The firm's 50-day moving average price is $15.22 and its 200-day moving average price is $16.56. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. First Commonwealth Financial Co. has a 1 year low of $12.71 and a 1 year high of $19.96. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.61 and a beta of 0.77.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $0.32 EPS for the quarter, hitting 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 company had revenue of $118.51 million for the quarter, compared to analysts' expectations of $117.70 million. During the same period in the previous year, the firm earned $0.37 EPS. The firm's revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that First Commonwealth Financial Co. will post 1.45 EPS 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. Shareholders of record on Friday, May 9th will be paid a $0.135 dividend. This is an increase from First Commonwealth Financial's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a yield of 3.35%. First Commonwealth Financial's payout ratio is presently 40.30%.

Analyst Ratings Changes

Several research firms have recently commented on FCF. Royal Bank of Canada decreased their price objective on First Commonwealth Financial from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. StockNews.com downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods decreased their price objective on First Commonwealth Financial from $19.00 to $18.00 and set a "market perform" rating on the stock in a research note on Friday, May 2nd. Stephens reaffirmed an "overweight" rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $21.00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.