Jane Street Group LLC Increases Holdings in First Commonwealth Financial Co. (NYSE:FCF)

Jane Street Group LLC boosted its position in First Commonwealth Financial Co. (NYSE:FCF) by 39.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,590 shares of the bank’s stock after buying an additional 42,632 shares during the quarter. Jane Street Group LLC owned approximately 0.15% of First Commonwealth Financial worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Centiva Capital LP purchased a new stake in shares of First Commonwealth Financial in the 3rd quarter valued at $518,000. Hantz Financial Services Inc. lifted its stake in First Commonwealth Financial by 37.4% in the third quarter. Hantz Financial Services Inc. now owns 69,003 shares of the bank’s stock worth $1,183,000 after purchasing an additional 18,799 shares during the last quarter. BNP Paribas Financial Markets boosted its position in First Commonwealth Financial by 64.2% during the third quarter. BNP Paribas Financial Markets now owns 34,892 shares of the bank’s stock valued at $598,000 after buying an additional 13,643 shares during the period. FMR LLC grew its stake in shares of First Commonwealth Financial by 22.0% during the third quarter. FMR LLC now owns 24,190 shares of the bank’s stock valued at $415,000 after buying an additional 4,360 shares during the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of First Commonwealth Financial in the third quarter worth about $409,000. 72.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FCF shares. Keefe, Bruyette & Woods increased their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 16th. Finally, Piper Sandler decreased their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, First Commonwealth Financial presently has a consensus rating of “Hold” and an average target price of $17.70.

First Commonwealth Financial Trading Up 0.8 %

FCF opened at $16.93 on Monday. 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. The business has a 50 day simple moving average of $18.00 and a two-hundred day simple moving average of $16.54. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 11.44 and a beta of 0.86.

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

First Commonwealth Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, November 8th. First Commonwealth Financial’s payout ratio is 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.