41,881 Shares in First Commonwealth Financial Co. (NYSE:FCF) Bought by Boston Partners

Boston Partners purchased a new position in shares of First Commonwealth Financial Co. (NYSE:FCF – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,881 shares of the bank’s stock, valued at approximately $585,000.

A number of other large investors have also recently bought and sold shares of FCF. Tower Research Capital LLC TRC boosted its stake in First Commonwealth Financial by 237.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,955 shares of the bank’s stock worth $128,000 after purchasing an additional 7,001 shares during the period. Captrust Financial Advisors lifted its stake in shares of First Commonwealth Financial by 20.5% in the 3rd quarter. Captrust Financial Advisors now owns 10,234 shares of the bank’s stock worth $131,000 after acquiring an additional 1,739 shares during the period. Verition Fund Management LLC acquired a new stake in shares of First Commonwealth Financial in the 2nd quarter worth $136,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of First Commonwealth Financial in the 4th quarter worth $140,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of First Commonwealth Financial in the 2nd quarter worth $144,000. Institutional investors and hedge funds own 69.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FCF. Raymond James downgraded shares of First Commonwealth Financial from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 21st. StockNews.com assumed coverage on shares of First Commonwealth Financial in a research note on Thursday, March 16th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.90.

First Commonwealth Financial Stock Performance

Shares of FCF opened at $11.81 on Wednesday. First Commonwealth Financial Co. has a 1 year low of $11.32 and a 1 year high of $16.53. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 8.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day moving average of $12.69 and a 200-day moving average of $13.91.

First Commonwealth Financial (NYSE:FCF – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. First Commonwealth Financial had a net margin of 27.75% and a return on equity of 13.53%. The company had revenue of $117.60 million during the quarter, compared to the consensus estimate of $123.86 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities analysts anticipate that First Commonwealth Financial Co. will post 1.69 earnings per share for the current year.

First Commonwealth Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, May 5th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.50 annualized dividend and a yield of 4.23%. This is an increase from First Commonwealth Financial’s previous quarterly dividend of $0.12. First Commonwealth Financial’s dividend payout ratio is presently 36.50%.

Insiders Place Their Bets

In related news, Director Ray T. Charley acquired 4,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were purchased at an average price of $13.26 per share, for a total transaction of $53,040.00. Following the acquisition, the director now owns 313,174 shares in the company, valued at $4,152,687.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Ray T. Charley purchased 4,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $13.26 per share, with a total value of $53,040.00. Following the purchase, the director now owns 313,174 shares in the company, valued at approximately $4,152,687.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray T. Charley purchased 3,900 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average cost of $12.85 per share, with a total value of $50,115.00. Following the purchase, the director now owns 325,074 shares in the company, valued at approximately $4,177,200.90. The disclosure for this purchase can be found here. Corporate insiders own 1.85% of the company’s stock.

About First Commonwealth Financial

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First Commonwealth Financial Corp. is a holding company, which engages in the provision of consumer and commercial banking services. The firm is also involved in providing trust and wealth management services and offers insurance products. The company was founded on November 15, 1982 and is headquartered in Indiana, PA.