Yousif Capital Management LLC Sells 1,049 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Yousif Capital Management LLC decreased its stake in shares of First Commonwealth Financial Co. (NYSE:FCF) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,494 shares of the bank’s stock after selling 1,049 shares during the period. Yousif Capital Management LLC’s holdings in First Commonwealth Financial were worth $651,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FCF. Longboard Asset Management LP acquired a new stake in First Commonwealth Financial in the fourth quarter valued at $175,000. EMC Capital Management lifted its stake in First Commonwealth Financial by 450.7% in the fourth quarter. EMC Capital Management now owns 15,823 shares of the bank’s stock valued at $268,000 after acquiring an additional 12,950 shares during the last quarter. KBC Group NV lifted its stake in First Commonwealth Financial by 61.6% in the fourth quarter. KBC Group NV now owns 5,842 shares of the bank’s stock valued at $99,000 after acquiring an additional 2,226 shares during the last quarter. Rockwood Wealth Management LLC acquired a new stake in First Commonwealth Financial in the fourth quarter valued at $249,000. Finally, Nordea Investment Management AB lifted its stake in First Commonwealth Financial by 2.9% in the fourth quarter. Nordea Investment Management AB now owns 213,437 shares of the bank’s stock valued at $3,611,000 after acquiring an additional 6,091 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

First Commonwealth Financial Price Performance

Shares of First Commonwealth Financial stock opened at $16.54 on Monday. First Commonwealth Financial Co. has a twelve month low of $12.41 and a twelve month high of $19.96. 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 company has a 50-day simple moving average of $16.90 and a two-hundred day simple moving average of $17.11. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 11.90 and a beta of 0.87.

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

First Commonwealth Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, February 7th. First Commonwealth Financial’s dividend payout ratio is currently 37.41%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Friday. Piper Sandler cut their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. 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. DA Davidson restated a “buy” rating and set a $21.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $20.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.58.

First Commonwealth Financial 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.