First Commonwealth Financial Co. (NYSE:FCF) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,882 shares of the bank’s stock after purchasing an additional 883 shares during the period. Natixis Advisors LLC’s holdings in First Commonwealth Financial were worth $272,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its holdings in First Commonwealth Financial by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the bank’s stock worth $708,000 after purchasing an additional 900 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Commonwealth Financial by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,383 shares of the bank’s stock valued at $332,000 after buying an additional 1,112 shares during the period. Farther Finance Advisors LLC raised its holdings in First Commonwealth Financial by 2,572.6% during the third quarter. Farther Finance Advisors LLC now owns 1,657 shares of the bank’s stock valued at $28,000 after buying an additional 1,595 shares in the last quarter. CWM LLC lifted its position in shares of First Commonwealth Financial by 451.1% during the 2nd quarter. CWM LLC now owns 1,995 shares of the bank’s stock worth $28,000 after purchasing an additional 1,633 shares during the last quarter. Finally, First National Trust Co raised its stake in shares of First Commonwealth Financial by 9.4% in the second quarter. First National Trust Co now owns 19,048 shares of the bank’s stock valued at $263,000 after purchasing an additional 1,638 shares in the last quarter. 72.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at First Commonwealth Financial

In related news, EVP Michael P. Mccuen bought 2,919 shares of the stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $16.99 per share, with a total value of $49,593.81. Following the completion of the acquisition, the executive vice president now owns 57,623 shares of the company’s stock, valued at $979,014.77. This represents a 5.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Piper Sandler decreased their price objective on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.30.

First Commonwealth Financial Stock Down 0.8 %

Shares of NYSE FCF opened at $18.98 on Friday. The business’s fifty day moving average price is $17.47 and its 200-day moving average price is $16.00. The stock has a market capitalization of $1.93 billion, a PE ratio of 12.82 and a beta of 0.83. First Commonwealth Financial Co. has a one year low of $12.41 and a one year high of $19.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92.

First Commonwealth Financial (NYSE:FCF) last announced its earnings results on Tuesday, October 29th. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%. The company had revenue of $121.21 million during the quarter, compared to analysts’ expectations of $119.47 million. During the same period in the prior year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that First Commonwealth Financial Co. will post 1.4 EPS for the current year.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, November 8th. First Commonwealth Financial’s dividend payout ratio is presently 35.14%.

About First Commonwealth Financial

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.