First Commonwealth Financial (FCF) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of First Commonwealth Financial (NYSE:FCF) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 794,141 shares of the bank’s stock after buying an additional 8,012 shares during the quarter. Geode Capital Management LLC’s holdings in First Commonwealth Financial were worth $11,372,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of First Commonwealth Financial by 4.8% during the fourth quarter. BlackRock Inc. now owns 12,727,851 shares of the bank’s stock worth $182,262,000 after buying an additional 584,411 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of First Commonwealth Financial by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 7,532,469 shares of the bank’s stock worth $106,434,000 after buying an additional 43,795 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of First Commonwealth Financial by 1.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,612,966 shares of the bank’s stock worth $23,097,000 after buying an additional 30,361 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of First Commonwealth Financial by 12.2% during the third quarter. Ameriprise Financial Inc. now owns 723,148 shares of the bank’s stock worth $10,218,000 after buying an additional 78,360 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of First Commonwealth Financial by 16.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 575,420 shares of the bank’s stock worth $8,241,000 after buying an additional 82,818 shares during the last quarter. Institutional investors own 68.17% of the company’s stock.

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Shares of NYSE FCF opened at $14.01 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $1,404.34, a P/E ratio of 17.09 and a beta of 0.93. First Commonwealth Financial has a one year low of $12.05 and a one year high of $15.67.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $80.98 million during the quarter, compared to analyst estimates of $80.90 million. First Commonwealth Financial had a return on equity of 9.24% and a net margin of 16.67%. First Commonwealth Financial’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. equities analysts anticipate that First Commonwealth Financial will post 1.02 EPS for the current year.

A number of research analysts have recently commented on the company. B. Riley reiterated a “hold” rating and set a $16.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 25th. Boenning Scattergood reiterated a “hold” rating on shares of First Commonwealth Financial in a report on Thursday, January 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 target price on shares of First Commonwealth Financial in a research note on Monday, January 29th. ValuEngine upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research lowered First Commonwealth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. First Commonwealth Financial presently has an average rating of “Hold” and a consensus target price of $11.86.

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First Commonwealth Financial Profile

First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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.

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

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