Mutual of America Capital Management LLC Sells 1,335 Shares of First Commonwealth Financial Corporation $FCF

Mutual of America Capital Management LLC trimmed its position in First Commonwealth Financial Corporation (NYSE:FCF) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,437 shares of the bank’s stock after selling 1,335 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Commonwealth Financial were worth $218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FCF. US Bancorp DE raised its stake in First Commonwealth Financial by 2,911.4% in the 1st quarter. US Bancorp DE now owns 2,379 shares of the bank’s stock valued at $37,000 after acquiring an additional 2,300 shares during the period. GAMMA Investing LLC raised its position in shares of First Commonwealth Financial by 109.6% in the second quarter. GAMMA Investing LLC now owns 4,438 shares of the bank’s stock valued at $72,000 after purchasing an additional 2,321 shares during the period. CWM LLC raised its position in shares of First Commonwealth Financial by 73.6% in the first quarter. CWM LLC now owns 7,932 shares of the bank’s stock valued at $123,000 after purchasing an additional 3,362 shares during the period. Choreo LLC bought a new position in shares of First Commonwealth Financial in the first quarter valued at about $156,000. Finally, Cerity Partners LLC bought a new position in First Commonwealth Financial in the 1st quarter valued at about $163,000. Institutional investors own 72.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FCF shares. Zacks Research lowered First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Commonwealth Financial in a research report on Wednesday, October 8th. Finally, DA Davidson cut First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, First Commonwealth Financial has a consensus rating of “Moderate Buy” and a consensus target price of $19.63.

First Commonwealth Financial Price Performance

FCF stock opened at $15.45 on Friday. The company’s 50-day moving average price is $17.02 and its two-hundred day moving average price is $16.37. The firm has a market cap of $1.61 billion, a P/E ratio of 11.19 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.17. First Commonwealth Financial Corporation has a 12 month low of $13.54 and a 12 month high of $19.96.

First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $135.96 million during the quarter, compared to the consensus estimate of $136.30 million. First Commonwealth Financial had a net margin of 20.00% and a return on equity of 10.12%. During the same period last year, the business earned $0.31 earnings per share. On average, analysts anticipate that First Commonwealth Financial Corporation will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a $0.135 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.54 annualized dividend and a dividend yield of 3.5%. First Commonwealth Financial’s dividend payout ratio (DPR) is presently 39.13%.

Insider Transactions at First Commonwealth Financial

In other First Commonwealth Financial news, CFO James R. Reske sold 2,190 shares of First Commonwealth Financial stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $16.99, for a total value of $37,208.10. Following the transaction, the chief financial officer owned 85,866 shares in the company, valued at $1,458,863.34. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael P. Mccuen purchased 2,826 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were bought at an average cost of $17.67 per share, for a total transaction of $49,935.42. Following the completion of the acquisition, the executive vice president directly owned 59,021 shares in the company, valued at $1,042,901.07. The trade was a 5.03% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 6,570 shares of company stock worth $112,544. Company insiders own 2.17% of the company’s stock.

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.