LSV Asset Management Has $6.91 Million Stock Holdings in First Commonwealth Financial Co. (NYSE:FCF)

LSV Asset Management lowered its position in First Commonwealth Financial Co. (NYSE:FCF) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 447,700 shares of the bank’s stock after selling 44,800 shares during the quarter. LSV Asset Management owned 0.44% of First Commonwealth Financial worth $6,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of First Commonwealth Financial by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,774,932 shares of the bank’s stock worth $33,882,000 after acquiring an additional 84,832 shares during the period. Mariner LLC acquired a new position in shares of First Commonwealth Financial in the 3rd quarter worth approximately $32,855,000. American Century Companies Inc. boosted its stake in shares of First Commonwealth Financial by 4.5% in the 3rd quarter. American Century Companies Inc. now owns 716,681 shares of the bank’s stock valued at $8,751,000 after purchasing an additional 31,068 shares during the last quarter. Brandywine Global Investment Management LLC boosted its stake in shares of First Commonwealth Financial by 53.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 311,243 shares of the bank’s stock valued at $3,800,000 after purchasing an additional 108,283 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of First Commonwealth Financial by 43.2% during the fourth quarter. Federated Hermes Inc. now owns 286,934 shares of the bank’s stock worth $4,430,000 after buying an additional 86,587 shares during the period. Institutional investors own 72.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of First Commonwealth Financial in a research note on Tuesday, April 9th. Finally, Stephens decreased their target price on First Commonwealth Financial from $16.50 to $15.50 and set an “overweight” rating for the company in a research note on Tuesday, February 6th.

First Commonwealth Financial Stock Up 1.1 %

First Commonwealth Financial stock opened at $13.85 on Thursday. The company has a market capitalization of $1.42 billion, a PE ratio of 8.60 and a beta of 0.86. First Commonwealth Financial Co. has a 12-month low of $11.16 and a 12-month high of $15.90. The firm’s fifty day moving average is $13.34 and its 200 day moving average is $13.68. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.14.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $116.60 million for the quarter, compared to analyst estimates of $119.80 million. First Commonwealth Financial had a net margin of 24.96% and a return on equity of 12.89%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, sell-side analysts predict that First Commonwealth Financial Co. will post 1.4 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 17th. Shareholders of record on Friday, May 3rd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $0.13. First Commonwealth Financial’s dividend payout ratio (DPR) is 32.30%.

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.