First Commonwealth Financial Corporation $FCF Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of First Commonwealth Financial Corporation (NYSE:FCF) by 2.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,889,293 shares of the bank’s stock after selling 47,901 shares during the quarter. American Century Companies Inc.’s holdings in First Commonwealth Financial were worth $30,663,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of First Commonwealth Financial by 5.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,159,706 shares of the bank’s stock valued at $64,642,000 after acquiring an additional 203,052 shares during the period. Franklin Resources Inc. increased its holdings in First Commonwealth Financial by 22.5% in the 2nd quarter. Franklin Resources Inc. now owns 3,922,543 shares of the bank’s stock valued at $63,663,000 after purchasing an additional 719,680 shares in the last quarter. Geode Capital Management LLC raised its position in First Commonwealth Financial by 2.3% in the second quarter. Geode Capital Management LLC now owns 2,528,250 shares of the bank’s stock valued at $41,039,000 after purchasing an additional 56,324 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in First Commonwealth Financial by 3.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,231,886 shares of the bank’s stock valued at $34,684,000 after purchasing an additional 70,286 shares during the period. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of First Commonwealth Financial during the second quarter worth about $6,257,000. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at First Commonwealth Financial

In other news, CFO James R. Reske sold 2,190 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $16.99, for a total value of $37,208.10. Following the sale, the chief financial officer owned 85,866 shares in the company, valued at approximately $1,458,863.34. This represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Mccuen purchased 3,090 shares of First Commonwealth Financial stock in a transaction dated Friday, November 21st. The shares were bought at an average cost of $16.19 per share, for a total transaction of $50,027.10. Following the transaction, the executive vice president directly owned 62,111 shares of the company’s stock, valued at approximately $1,005,577.09. The trade was a 5.24% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 6,916 shares of company stock worth $115,233 and sold 5,898 shares worth $99,664. Corporate insiders own 2.17% of the company’s stock.

First Commonwealth Financial Price Performance

FCF stock opened at $16.25 on Monday. The stock’s 50 day moving average is $16.26 and its two-hundred day moving average is $16.47. First Commonwealth Financial Corporation has a 52-week low of $13.54 and a 52-week high of $19.20. The company has a market capitalization of $1.69 billion, a PE ratio of 11.78 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.17.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $135.98 million for the quarter, compared to analyst estimates of $136.30 million. First Commonwealth Financial had a return on equity of 10.12% and a net margin of 20.00%.During the same period in the previous year, the business posted $0.31 EPS. Analysts predict that First Commonwealth Financial Corporation will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.54 annualized dividend and a dividend yield of 3.3%. First Commonwealth Financial’s payout ratio is presently 39.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. DA Davidson lowered First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Zacks Research cut First Commonwealth Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Commonwealth Financial in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, First Commonwealth Financial currently has a consensus rating of “Moderate Buy” and an average price target of $19.63.

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.