American Century Companies Inc. Decreases Holdings in First Commonwealth Financial Corporation $FCF

American Century Companies Inc. lowered its position in First Commonwealth Financial Corporation (NYSE:FCF) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,889,293 shares of the bank’s stock after selling 47,901 shares during the period. American Century Companies Inc. owned approximately 1.80% of First Commonwealth Financial worth $30,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in First Commonwealth Financial by 4.0% during the second quarter. Rhumbline Advisers now owns 314,125 shares of the bank’s stock worth $5,098,000 after purchasing an additional 12,084 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of First Commonwealth Financial by 22.5% during the 2nd quarter. Franklin Resources Inc. now owns 3,922,543 shares of the bank’s stock worth $63,663,000 after buying an additional 719,680 shares during the last quarter. Legal & General Group Plc boosted its position in shares of First Commonwealth Financial by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 273,689 shares of the bank’s stock worth $4,442,000 after buying an additional 4,275 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in First Commonwealth Financial by 10.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,855 shares of the bank’s stock valued at $436,000 after acquiring an additional 2,579 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in First Commonwealth Financial by 4.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 23,028 shares of the bank’s stock valued at $374,000 after acquiring an additional 1,032 shares in the last quarter. 72.58% of the stock is owned by institutional investors and hedge funds.

First Commonwealth Financial Price Performance

Shares of NYSE:FCF opened at $16.25 on Monday. The company has a market cap of $1.69 billion, a P/E ratio of 11.78 and a beta of 0.86. The business has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $16.47. First Commonwealth Financial Corporation has a 52 week low of $13.54 and a 52 week high of $19.20. 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 (NYSE:FCF) last issued its quarterly earnings results 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 business had revenue of $135.98 million during the quarter, compared to analyst estimates of $136.30 million. First Commonwealth Financial had a return on equity of 10.12% and a net margin of 20.00%.During the same period in the previous year, the business posted $0.31 earnings per share. Equities research analysts forecast that First Commonwealth Financial Corporation will post 1.45 EPS for the current year.

First Commonwealth Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.54 annualized dividend and a dividend yield of 3.3%. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 39.13%.

Analyst Upgrades and Downgrades

FCF has been the topic of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Commonwealth Financial in a research report on Wednesday, October 8th. Zacks Research lowered First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, DA Davidson downgraded First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.63.

Insider Buying and Selling

In other First Commonwealth Financial news, CFO James R. Reske sold 2,190 shares of First Commonwealth Financial stock in a transaction on Monday, October 6th. The shares were 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. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Mccuen acquired 3,090 shares of the stock in a transaction dated Friday, November 21st. The shares were bought at an average cost of $16.19 per share, with a total value of $50,027.10. Following the completion of the purchase, the executive vice president directly owned 62,111 shares in the company, valued at approximately $1,005,577.09. This trade represents a 5.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 6,916 shares of company stock valued at $115,233 and sold 5,898 shares valued at $99,664. 2.17% of the stock is currently owned by insiders.

About First Commonwealth Financial

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.