Aperio Group LLC raised its stake in First Commonwealth Financial Corporation (NYSE:FCF) by 9.8% during the second quarter, Holdings Channel reports. The institutional investor owned 64,899 shares of the bank’s stock after buying an additional 5,781 shares during the period. Aperio Group LLC’s holdings in First Commonwealth Financial Corporation were worth $823,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FCF. UBS Asset Management Americas Inc. increased its stake in First Commonwealth Financial Corporation by 64.2% in the first quarter. UBS Asset Management Americas Inc. now owns 35,777 shares of the bank’s stock valued at $474,000 after buying an additional 13,982 shares in the last quarter. Swiss National Bank increased its stake in First Commonwealth Financial Corporation by 9.5% in the first quarter. Swiss National Bank now owns 162,000 shares of the bank’s stock valued at $2,148,000 after buying an additional 14,000 shares in the last quarter. Comerica Bank increased its stake in First Commonwealth Financial Corporation by 4.1% in the first quarter. Comerica Bank now owns 98,618 shares of the bank’s stock valued at $1,303,000 after buying an additional 3,882 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in First Commonwealth Financial Corporation by 11.3% in the first quarter. BNP Paribas Arbitrage SA now owns 18,239 shares of the bank’s stock valued at $242,000 after buying an additional 1,850 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in First Commonwealth Financial Corporation by 33.3% in the first quarter. Bank of New York Mellon Corp now owns 1,813,596 shares of the bank’s stock valued at $24,049,000 after buying an additional 453,031 shares in the last quarter. 60.79% of the stock is owned by institutional investors.

First Commonwealth Financial Corporation (NYSE FCF) traded up 0.32% during mid-day trading on Friday, hitting $12.49. 517,416 shares of the company traded hands. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 17.64 and a beta of 0.97. The company’s 50-day moving average is $12.84 and its 200-day moving average is $13.08. First Commonwealth Financial Corporation has a one year low of $9.62 and a one year high of $14.61.

First Commonwealth Financial Corporation (NYSE:FCF) last issued its earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $76.72 million for the quarter, compared to the consensus estimate of $76.82 million. First Commonwealth Financial Corporation had a net margin of 21.61% and a return on equity of 9.45%. During the same period in the previous year, the company earned $0.14 earnings per share. Analysts predict that First Commonwealth Financial Corporation will post $0.80 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.56%. First Commonwealth Financial Corporation’s payout ratio is 45.07%.

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Several analysts recently issued reports on FCF shares. FBR & Co reaffirmed a “hold” rating on shares of First Commonwealth Financial Corporation in a report on Wednesday, April 26th. BidaskClub raised shares of First Commonwealth Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Canaccord Genuity downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “speculative buy” rating and decreased their price objective for the stock from C$4.50 to C$4.25 in a report on Monday, May 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. First Commonwealth Financial Corporation has an average rating of “Buy” and a consensus price target of $10.21.

In related news, Director Stephen Reid acquired 35,700 shares of First Commonwealth Financial Corporation stock in a transaction on Thursday, June 1st. The stock was purchased at an average cost of $3.35 per share, with a total value of $119,595.00. Over the last 90 days, insiders have purchased 88,444 shares of company stock worth $271,168. 1.72% of the stock is owned by corporate insiders.

First Commonwealth Financial Corporation Company Profile

First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

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Institutional Ownership by Quarter for First Commonwealth Financial Corporation (NYSE:FCF)

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