SG Americas Securities LLC Has $1.65 Million Position in First Commonwealth Financial Corporation $FCF

SG Americas Securities LLC boosted its holdings in First Commonwealth Financial Corporation (NYSE:FCF) by 146.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,976 shares of the bank’s stock after buying an additional 58,229 shares during the period. SG Americas Securities LLC owned approximately 0.09% of First Commonwealth Financial worth $1,652,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FCF. First Trust Advisors LP lifted its holdings in First Commonwealth Financial by 67.6% in the second quarter. First Trust Advisors LP now owns 3,597,925 shares of the bank’s stock valued at $58,394,000 after buying an additional 1,451,544 shares during the period. Millennium Management LLC lifted its holdings in First Commonwealth Financial by 112.9% in the third quarter. Millennium Management LLC now owns 1,091,740 shares of the bank’s stock valued at $18,614,000 after buying an additional 578,893 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in First Commonwealth Financial by 102.1% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 779,194 shares of the bank’s stock valued at $13,285,000 after buying an additional 393,681 shares during the period. State Street Corp lifted its holdings in First Commonwealth Financial by 2.4% in the second quarter. State Street Corp now owns 4,734,957 shares of the bank’s stock valued at $76,848,000 after buying an additional 112,731 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in First Commonwealth Financial by 17.2% in the third quarter. JPMorgan Chase & Co. now owns 760,796 shares of the bank’s stock valued at $12,972,000 after buying an additional 111,586 shares during the period. 72.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at First Commonwealth Financial

In related news, CFO James R. Reske sold 2,072 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $17.58, for a total transaction of $36,425.76. Following the completion of the transaction, the chief financial officer owned 85,492 shares in the company, valued at approximately $1,502,949.36. This represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jane Grebenc sold 18,598 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $18.85, for a total transaction of $350,572.30. Following the transaction, the executive vice president owned 158,975 shares of the company’s stock, valued at $2,996,678.75. The trade was a 10.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FCF. Keefe, Bruyette & Woods increased their price objective on shares of First Commonwealth Financial from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Piper Sandler initiated coverage on shares of First Commonwealth Financial in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $21.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Commonwealth Financial in a research note on Thursday, January 22nd. Finally, Raymond James Financial set a $20.00 target price on shares of First Commonwealth Financial and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, First Commonwealth Financial presently has an average rating of “Moderate Buy” and an average price target of $19.75.

First Commonwealth Financial Stock Up 1.3%

Shares of FCF stock opened at $18.12 on Tuesday. The firm has a fifty day moving average of $17.74 and a 200-day moving average of $17.05. The company has a quick ratio of 0.92, a current ratio of 0.95 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 $19.08. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.41 and a beta of 0.76.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings data on Wednesday, January 28th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. First Commonwealth Financial had a net margin of 20.88% and a return on equity of 10.43%. The company had revenue of $137.82 million during the quarter, compared to the consensus estimate of $135.63 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that First Commonwealth Financial Corporation will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a dividend of $0.135 per share. The ex-dividend date was Friday, February 6th. This represents a $0.54 annualized dividend and a yield of 3.0%. First Commonwealth Financial’s dividend payout ratio is presently 36.99%.

About First Commonwealth Financial

First Commonwealth Financial Corporation, headquartered in Indiana, Pennsylvania, is a bank holding company whose primary subsidiary is First Commonwealth Bank. Established in 1889 as Indiana National Bank, the company has grown through a combination of organic expansion and strategic acquisitions to build a diversified platform of commercial banking, retail banking and wealth management services.

First Commonwealth offers a comprehensive suite of financial products, including deposit accounts, personal and business lending solutions, mortgage origination and servicing, treasury management, and trust and investment services.