Crowley Wealth Management Inc. Makes New $42,000 Investment in First Commonwealth Financial Co. (NYSE:FCF)

Crowley Wealth Management Inc. purchased a new position in shares of First Commonwealth Financial Co. (NYSE:FCF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,500 shares of the bank’s stock, valued at approximately $42,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in First Commonwealth Financial by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,956,654 shares of the bank’s stock worth $66,947,000 after buying an additional 173,817 shares during the period. Franklin Resources Inc. increased its position in First Commonwealth Financial by 15.3% during the third quarter. Franklin Resources Inc. now owns 3,435,002 shares of the bank’s stock worth $58,601,000 after buying an additional 456,119 shares during the period. American Century Companies Inc. increased its position in First Commonwealth Financial by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,992,712 shares of the bank’s stock worth $33,717,000 after buying an additional 9,588 shares during the period. Principal Financial Group Inc. grew its stake in shares of First Commonwealth Financial by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 557,397 shares of the bank’s stock valued at $9,431,000 after purchasing an additional 18,433 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of First Commonwealth Financial by 2.9% in the 4th quarter. Nordea Investment Management AB now owns 213,437 shares of the bank’s stock valued at $3,611,000 after purchasing an additional 6,091 shares during the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

First Commonwealth Financial Stock Down 0.9 %

First Commonwealth Financial stock opened at $15.58 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.92. First Commonwealth Financial Co. has a 1-year low of $12.41 and a 1-year high of $19.96. The company has a market cap of $1.59 billion, a PE ratio of 11.21 and a beta of 0.84. The stock’s 50 day moving average price is $16.29 and its 200 day moving average price is $17.01.

First Commonwealth Financial (NYSE:FCF) last posted its earnings results on Tuesday, January 28th. The bank reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). First Commonwealth Financial had a return on equity of 10.36% and a net margin of 20.38%. On average, sell-side analysts predict that First Commonwealth Financial Co. will post 1.45 EPS for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 7th. This represents a $0.52 dividend on an annualized basis and a yield of 3.34%. First Commonwealth Financial’s payout ratio is 37.41%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FCF shares. Keefe, Bruyette & Woods lifted their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson reiterated a “buy” rating and issued a $21.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Stephens reiterated an “overweight” rating and issued a $21.50 target price on shares of First Commonwealth Financial in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.58.

First Commonwealth Financial 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.