Thrivent Financial for Lutherans Lowers Stock Holdings in First Commonwealth Financial Co. (NYSE:FCF)

Thrivent Financial for Lutherans lowered its stake in shares of First Commonwealth Financial Co. (NYSE:FCF) by 33.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,599 shares of the bank’s stock after selling 206,233 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Commonwealth Financial were worth $6,880,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FCF. Sanctuary Advisors LLC increased its holdings in shares of First Commonwealth Financial by 4.2% in the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock valued at $268,000 after purchasing an additional 633 shares during the period. Natixis Advisors LLC grew its position in First Commonwealth Financial by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock valued at $272,000 after buying an additional 883 shares during the last quarter. Aigen Investment Management LP increased its stake in First Commonwealth Financial by 6.0% in the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank’s stock valued at $294,000 after buying an additional 983 shares during the period. Jones Financial Companies Lllp raised its position in First Commonwealth Financial by 56.8% during the 4th 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. Finally, Swiss National Bank lifted its stake in shares of First Commonwealth Financial by 0.8% in the 4th quarter. Swiss National Bank now owns 201,400 shares of the bank’s stock worth $3,408,000 after acquiring an additional 1,600 shares during the period. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Stock Down 0.9 %

FCF opened at $15.58 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 market cap of $1.59 billion, a price-to-earnings ratio of 11.21 and a beta of 0.84. The business’s fifty day moving average is $16.29 and its two-hundred day moving average is $17.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.93.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data 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%. Analysts anticipate that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given 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 3.34%. First Commonwealth Financial’s dividend payout ratio is presently 37.41%.

Analysts Set New Price Targets

FCF has been the subject of several analyst reports. StockNews.com raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 14th. 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. Stephens restated an “overweight” rating and issued a $21.50 price target on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. DA Davidson reaffirmed a “buy” rating and set a $21.00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, First Commonwealth Financial presently has an average rating of “Hold” and an average target price of $19.58.

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.