Today, First Commonwealth Financial Corp. (FCF) Position Held by First National Trust Co.

Today, First Commonwealth Financial Corp. (FCF) Position Held by First National Trust Co.
First National Trust Co. continued to hold its stake in First Commonwealth Financial Corp. (NYSE:FCF) during the third quarter, Holdings Channel reports. The firm owned 31,395 shares of the company’s stock at the end of the third quarter. First National Trust Co.’s holdings in First Commonwealth Financial Corp. were worth $317,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in First Commonwealth Financial Corp. by 5.9% in the second quarter. Prudential Financial Inc. now owns 253,213 shares of the company’s stock worth $2,330,000 after buying an additional 14,100 shares during the period. Teacher Retirement System of Texas raised its stake in First Commonwealth Financial Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,439 shares of the company’s stock worth $114,000 after buying an additional 1,506 shares during the period. Victory Capital Management Inc. raised its stake in First Commonwealth Financial Corp. by 4.0% in the second quarter. Victory Capital Management Inc. now owns 2,561,124 shares of the company’s stock worth $23,562,000 after buying an additional 98,199 shares during the period. LSV Asset Management raised its stake in First Commonwealth Financial Corp. by 8.2% in the second quarter. LSV Asset Management now owns 1,376,422 shares of the company’s stock worth $12,663,000 after buying an additional 104,400 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in First Commonwealth Financial Corp. by 118.6% in the second quarter. Janney Montgomery Scott LLC now owns 30,757 shares of the company’s stock worth $280,000 after buying an additional 16,684 shares during the period. Institutional investors and hedge funds own 60.69% of the company’s stock.

Shares of First Commonwealth Financial Corp. (NYSE:FCF) traded up 0.48% on Friday, reaching $12.53. The company had a trading volume of 101,266 shares. The company has a 50-day moving average price of $10.48 and a 200-day moving average price of $9.79. The firm has a market capitalization of $1.12 billion, a PE ratio of 21.60 and a beta of 0.85. First Commonwealth Financial Corp. has a 52-week low of $7.85 and a 52-week high of $12.53.

First Commonwealth Financial Corp. (NYSE:FCF) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. First Commonwealth Financial Corp. had a return on equity of 7.43% and a net margin of 18.77%. During the same quarter in the previous year, the business earned $0.14 earnings per share. Equities research analysts forecast that First Commonwealth Financial Corp. will post $0.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 2.23%. First Commonwealth Financial Corp.’s payout ratio is 48.28%.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered First Commonwealth Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Keefe, Bruyette & Woods lowered their target price on First Commonwealth Financial Corp. from $10.00 to $9.50 and set a “market perform” rating for the company in a research note on Wednesday, September 21st. Finally, FBR & Co increased their target price on First Commonwealth Financial Corp. from $9.50 to $10.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $9.70.

About First Commonwealth Financial Corp.

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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