Swiss National Bank Purchases 1,600 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Swiss National Bank boosted its position in First Commonwealth Financial Co. (NYSE:FCF) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,400 shares of the bank’s stock after acquiring an additional 1,600 shares during the quarter. Swiss National Bank owned 0.20% of First Commonwealth Financial worth $3,408,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of First Commonwealth Financial in the third quarter worth about $46,000. Jones Financial Companies Lllp grew its stake in shares of First Commonwealth Financial by 56.8% during 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 last quarter. Smartleaf Asset Management LLC increased its holdings in shares of First Commonwealth Financial by 173.4% during 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 in the last quarter. AlphaQuest LLC lifted its stake in shares of First Commonwealth Financial by 69.2% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the bank’s stock valued at $77,000 after acquiring an additional 1,873 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of First Commonwealth Financial by 61.6% during the 4th 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 in the last quarter. 72.58% of the stock is currently owned by institutional investors and hedge funds.

First Commonwealth Financial Stock Performance

Shares of FCF opened at $15.76 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $16.25 and its two-hundred day simple moving average is $16.99. First Commonwealth Financial Co. has a 12 month low of $12.41 and a 12 month high of $19.96. The stock has a market capitalization of $1.60 billion, a P/E ratio of 11.33 and a beta of 0.84.

First Commonwealth Financial (NYSE:FCF) last released its earnings results on Tuesday, January 28th. The bank reported $0.35 EPS 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%. As a group, analysts predict that First Commonwealth Financial Co. will post 1.45 EPS for the current year.

First Commonwealth Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.52 annualized dividend and a dividend yield of 3.30%. First Commonwealth Financial’s dividend payout ratio is currently 37.41%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FCF shares. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Stephens reissued an “overweight” rating and set a $21.50 target price on shares of First Commonwealth Financial in a report on Wednesday, January 29th. DA Davidson reaffirmed a “buy” rating and set a $21.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price objective on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.