Smartleaf Asset Management LLC Purchases 2,154 Shares of First Commonwealth Financial Co. (NYSE:FCF)

Smartleaf Asset Management LLC grew its position in shares of First Commonwealth Financial Co. (NYSE:FCF) by 173.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,396 shares of the bank’s stock after acquiring an additional 2,154 shares during the quarter. Smartleaf Asset Management LLC’s holdings in First Commonwealth Financial were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FCF. Charles Schwab Investment Management Inc. grew its holdings in shares of First Commonwealth Financial by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank’s stock valued at $64,876,000 after acquiring an additional 105,116 shares in the last quarter. Franklin Resources Inc. boosted its position in First Commonwealth Financial by 15.3% during the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank’s stock valued at $58,601,000 after purchasing an additional 456,119 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of First Commonwealth Financial by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 557,397 shares of the bank’s stock worth $9,431,000 after purchasing an additional 18,433 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of First Commonwealth Financial by 2.9% during the 4th quarter. Nordea Investment Management AB now owns 213,437 shares of the bank’s stock worth $3,611,000 after purchasing an additional 6,091 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of First Commonwealth Financial by 121.8% in the 3rd quarter. Barclays PLC now owns 211,797 shares of the bank’s stock valued at $3,631,000 after buying an additional 116,295 shares during the last quarter. 72.58% of the stock is owned by institutional investors.

First Commonwealth Financial Trading Down 1.3 %

FCF opened at $15.52 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. First Commonwealth Financial Co. has a twelve month low of $12.41 and a twelve month high of $19.96. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.16 and a beta of 0.84. The company has a 50-day simple moving average of $16.44 and a 200 day simple moving average of $17.10.

First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (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%. Analysts predict that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.35%. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 37.41%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FCF. Stephens reissued an “overweight” rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target 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 upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, DA Davidson restated a “buy” rating and issued a $21.00 price target on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.58.

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.