Texas Permanent School Fund trimmed its position in First Commonwealth Financial (NYSE:FCF) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,879 shares of the bank’s stock after selling 5,285 shares during the quarter. Texas Permanent School Fund’s holdings in First Commonwealth Financial were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCF. Ameritas Investment Partners Inc. increased its stake in shares of First Commonwealth Financial by 11.1% in the second quarter. Ameritas Investment Partners Inc. now owns 8,496 shares of the bank’s stock worth $108,000 after buying an additional 846 shares during the period. Algert Global LLC purchased a new position in shares of First Commonwealth Financial in the third quarter worth $141,000. Amalgamated Bank increased its stake in shares of First Commonwealth Financial by 9.7% in the second quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock worth $167,000 after buying an additional 1,160 shares during the period. NEXT Financial Group Inc purchased a new position in shares of First Commonwealth Financial in the third quarter worth $181,000. Finally, Koch Industries Inc. purchased a new position in shares of First Commonwealth Financial in the second quarter worth $201,000. 65.42% of the stock is currently owned by institutional investors.

Several brokerages recently commented on FCF. Boenning Scattergood reaffirmed a “hold” rating on shares of First Commonwealth Financial in a research note on Thursday, January 11th. B. Riley reissued a “hold” rating and set a $16.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 price objective on shares of First Commonwealth Financial in a research report on Monday, January 29th. ValuEngine downgraded shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, FBR & Co reissued a “neutral” rating and set a $14.00 price objective on shares of First Commonwealth Financial in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.86.

First Commonwealth Financial (FCF) opened at $14.19 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1,380.00, a price-to-earnings ratio of 24.47 and a beta of 0.94. First Commonwealth Financial has a 1 year low of $12.05 and a 1 year high of $15.67.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $80.98 million for the quarter, compared to the consensus estimate of $80.90 million. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. equities research analysts predict that First Commonwealth Financial will post 1.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, February 1st. First Commonwealth Financial’s payout ratio is currently 55.17%.

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First Commonwealth Financial Profile

First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

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Institutional Ownership by Quarter for First Commonwealth Financial (NYSE:FCF)

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