First Commonwealth Financial (FCF) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its stake in First Commonwealth Financial (NYSE:FCF) by 23.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,215 shares of the bank’s stock after selling 5,189 shares during the quarter. Raymond James & Associates’ holdings in First Commonwealth Financial were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCF. WINTON GROUP Ltd boosted its stake in First Commonwealth Financial by 2,360.4% in the 4th quarter. WINTON GROUP Ltd now owns 767,973 shares of the bank’s stock worth $9,277,000 after purchasing an additional 736,760 shares during the period. BlackRock Inc. boosted its stake in First Commonwealth Financial by 4.0% in the 3rd quarter. BlackRock Inc. now owns 14,632,667 shares of the bank’s stock worth $236,172,000 after purchasing an additional 569,462 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in First Commonwealth Financial in the 4th quarter worth $38,000. Renaissance Technologies LLC boosted its stake in First Commonwealth Financial by 19.4% in the 3rd quarter. Renaissance Technologies LLC now owns 1,570,600 shares of the bank’s stock worth $25,349,000 after purchasing an additional 255,200 shares during the period. Finally, Vanguard Group Inc boosted its stake in First Commonwealth Financial by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 10,401,264 shares of the bank’s stock worth $167,876,000 after purchasing an additional 240,823 shares during the period. 68.21% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FCF opened at $13.68 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. First Commonwealth Financial has a one year low of $11.33 and a one year high of $17.91. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings results on Tuesday, January 29th. The bank reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. First Commonwealth Financial had a net margin of 28.22% and a return on equity of 11.43%. The firm had revenue of $85.58 million for the quarter, compared to analysts’ expectations of $84.90 million. During the same period in the previous year, the firm posted $0.21 EPS. As a group, equities analysts forecast that First Commonwealth Financial will post 1.1 EPS for the current fiscal year.

FCF has been the subject of a number of research analyst reports. ValuEngine raised shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.20.

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First Commonwealth Financial Profile

First Commonwealth Financial Corporation, through its subsidiaries, 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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