First Commonwealth Financial Co. (NYSE:FCF) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of First Commonwealth Financial Co. (NYSE:FCF) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,623 shares of the bank’s stock after acquiring an additional 633 shares during the quarter. Sanctuary Advisors LLC’s holdings in First Commonwealth Financial were worth $268,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FCF. Bank of New York Mellon Corp raised its holdings in First Commonwealth Financial by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,209,436 shares of the bank’s stock valued at $16,702,000 after buying an additional 33,759 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in First Commonwealth Financial by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,656 shares of the bank’s stock valued at $451,000 after purchasing an additional 4,262 shares during the period. Hantz Financial Services Inc. acquired a new position in First Commonwealth Financial during the second quarter worth $693,000. Commonwealth Equity Services LLC boosted its position in shares of First Commonwealth Financial by 5.9% during the second quarter. Commonwealth Equity Services LLC now owns 49,508 shares of the bank’s stock worth $684,000 after buying an additional 2,750 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in shares of First Commonwealth Financial in the second quarter valued at $207,000. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Price Performance

First Commonwealth Financial stock opened at $17.00 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 11.49 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $17.97 and a 200-day simple moving average of $16.69. First Commonwealth Financial Co. has a 12-month low of $12.41 and a 12-month high of $19.96.

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

First Commonwealth Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, November 8th. First Commonwealth Financial’s payout ratio is 35.14%.

Analyst Ratings Changes

Several equities analysts recently issued reports on FCF shares. Keefe, Bruyette & Woods increased their target price on 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. Piper Sandler lowered their price objective 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. Finally, StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.70.

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.