New Age Alpha Advisors LLC Makes New Investment in First Commonwealth Financial Co. (NYSE:FCF)

New Age Alpha Advisors LLC bought a new position in First Commonwealth Financial Co. (NYSE:FCF) during the fourth quarter, HoldingsChannel.com reports. The fund bought 145,131 shares of the bank’s stock, valued at approximately $2,456,000.

Other hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC increased its stake in First Commonwealth Financial by 4.2% during the third quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock worth $268,000 after acquiring an additional 633 shares during the last quarter. Sei Investments Co. increased its position in shares of First Commonwealth Financial by 3.9% during the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank’s stock valued at $404,000 after purchasing an additional 895 shares during the last quarter. Aigen Investment Management LP raised its holdings in First Commonwealth Financial by 6.0% during the 4th quarter. Aigen Investment Management LP now owns 17,398 shares of the bank’s stock valued at $294,000 after buying an additional 983 shares during the period. Jones Financial Companies Lllp lifted its position in First Commonwealth Financial by 56.8% in the fourth quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank’s stock worth $57,000 after buying an additional 1,227 shares during the last quarter. Finally, Swiss National Bank boosted its stake in First Commonwealth Financial by 0.8% during the fourth quarter. Swiss National Bank now owns 201,400 shares of the bank’s stock worth $3,408,000 after buying an additional 1,600 shares during the period. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

First Commonwealth Financial Trading Down 1.6 %

FCF opened at $15.50 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $16.22 and its two-hundred day moving average is $16.98. The company has a market capitalization of $1.58 billion, a P/E ratio of 11.15 and a beta of 0.84. First Commonwealth Financial Co. has a 52 week low of $12.41 and a 52 week high of $19.96.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.36%. Analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current year.

First Commonwealth Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.36%. First Commonwealth Financial’s dividend payout ratio is presently 37.41%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. DA Davidson reiterated a “buy” rating and issued a $21.00 price target on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens restated an “overweight” rating and set a $21.50 price objective on shares of First Commonwealth Financial in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods increased their target price on 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.58.

First Commonwealth Financial Company Profile

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.