First Commonwealth Financial Co. (NYSE:FCF) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in First Commonwealth Financial Co. (NYSE:FCF) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,028 shares of the bank’s stock after buying an additional 11,064 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of First Commonwealth Financial worth $1,269,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FCF. Barclays PLC boosted its position 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 purchasing an additional 116,295 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of First Commonwealth Financial in the third quarter worth about $46,000. Franklin Resources Inc. increased its position in shares of First Commonwealth Financial by 15.3% in the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank’s stock worth $58,601,000 after acquiring an additional 456,119 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of First Commonwealth Financial by 7.2% in the third quarter. Principal Financial Group Inc. now owns 538,964 shares of the bank’s stock worth $9,243,000 after acquiring an additional 36,001 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of First Commonwealth Financial by 2.9% in the fourth quarter. Nordea Investment Management AB now owns 213,437 shares of the bank’s stock worth $3,611,000 after acquiring an additional 6,091 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

Analysts Set New Price Targets

FCF has been the topic of several analyst reports. DA Davidson reissued a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Stephens reissued an “overweight” rating and issued a $21.50 target price on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, First Commonwealth Financial currently has a consensus rating of “Hold” and a consensus price target of $19.58.

First Commonwealth Financial Stock Up 1.6 %

FCF stock opened at $15.31 on Tuesday. First Commonwealth Financial Co. has a 12-month low of $12.71 and a 12-month high of $19.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 11.01 and a beta of 0.72. The company has a 50 day moving average of $15.32 and a two-hundred day moving average of $16.66.

First Commonwealth Financial (NYSE:FCF) last released its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. On average, equities analysts anticipate that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial 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.