First Commonwealth Financial (FCF) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of First Commonwealth Financial (NYSE:FCF) by 11.5% during the 4th quarter, HoldingsChannel reports. The fund owned 329,045 shares of the bank’s stock after purchasing an additional 33,987 shares during the quarter. Wells Fargo & Company MN’s holdings in First Commonwealth Financial were worth $4,712,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FCF. Principal Financial Group Inc. raised its stake in First Commonwealth Financial by 8.8% during the 3rd quarter. Principal Financial Group Inc. now owns 795,077 shares of the bank’s stock worth $11,234,000 after acquiring an additional 64,458 shares in the last quarter. Rhumbline Advisers raised its stake in First Commonwealth Financial by 5.1% during the 3rd quarter. Rhumbline Advisers now owns 214,406 shares of the bank’s stock worth $3,030,000 after acquiring an additional 10,423 shares in the last quarter. Comerica Bank raised its stake in First Commonwealth Financial by 11.6% during the 3rd quarter. Comerica Bank now owns 102,766 shares of the bank’s stock worth $1,478,000 after acquiring an additional 10,651 shares in the last quarter. Russell Investments Group Ltd. raised its stake in First Commonwealth Financial by 13.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 601,036 shares of the bank’s stock worth $8,493,000 after acquiring an additional 70,750 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in First Commonwealth Financial by 12.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 723,148 shares of the bank’s stock worth $10,218,000 after acquiring an additional 78,360 shares in the last quarter. Hedge funds and other institutional investors own 68.17% of the company’s stock.

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Shares of First Commonwealth Financial stock opened at $14.13 on Monday. First Commonwealth Financial has a 1 year low of $12.05 and a 1 year high of $15.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1,378.01, a price-to-earnings ratio of 17.23 and a beta of 0.92.

First Commonwealth Financial (NYSE:FCF) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. First Commonwealth Financial had a net margin of 16.67% and a return on equity of 9.24%. The company had revenue of $80.98 million for the quarter, compared to the consensus estimate of $80.90 million. During the same period last year, the firm posted $0.20 EPS. First Commonwealth Financial’s revenue for the quarter was up 15.2% on a year-over-year basis. research analysts forecast that First Commonwealth Financial will post 1.02 EPS for the current year.

FCF has been the topic of several research analyst reports. ValuEngine upgraded shares of First Commonwealth Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 price objective on shares of First Commonwealth Financial in a research report on Monday, January 29th. B. Riley reissued a “hold” rating and set a $16.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 25th. Finally, Boenning Scattergood reissued a “hold” rating on shares of First Commonwealth Financial in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.86.

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About First Commonwealth Financial

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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