Jane Street Group LLC Grows Position in First Commonwealth Financial Co. (NYSE:FCF)

Jane Street Group LLC increased its position in First Commonwealth Financial Co. (NYSE:FCF) by 39.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 150,590 shares of the bank’s stock after purchasing an additional 42,632 shares during the period. Jane Street Group LLC’s holdings in First Commonwealth Financial were worth $2,583,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of First Commonwealth Financial by 29.9% in the 2nd quarter. American Century Companies Inc. now owns 1,673,201 shares of the bank’s stock worth $23,107,000 after acquiring an additional 384,892 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in First Commonwealth Financial by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,987,929 shares of the bank’s stock worth $96,503,000 after purchasing an additional 233,955 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of First Commonwealth Financial by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,782,837 shares of the bank’s stock valued at $64,876,000 after purchasing an additional 105,116 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of First Commonwealth Financial during the second quarter valued at approximately $834,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of First Commonwealth Financial in the 2nd quarter worth approximately $693,000. Institutional investors own 72.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 16th. Piper Sandler lowered their price target on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.70.

First Commonwealth Financial Stock Up 0.8 %

First Commonwealth Financial stock opened at $16.93 on Monday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.44 and a beta of 0.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. First Commonwealth Financial Co. has a 12 month low of $12.41 and a 12 month high of $19.96. The stock has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $16.54.

First Commonwealth Financial (NYSE:FCF) last issued its earnings results on Tuesday, October 29th. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The business had revenue of $121.21 million during the quarter, compared to analysts’ expectations of $119.47 million. First Commonwealth Financial had a return on equity of 11.19% and a net margin of 21.87%. First Commonwealth Financial’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. Equities analysts predict that First Commonwealth Financial Co. will post 1.4 EPS for the current fiscal year.

First Commonwealth Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a yield of 3.07%. First Commonwealth Financial’s dividend payout ratio (DPR) is 35.14%.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health 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.