2 weeks Ago By ABMN Staff
Bank of Montreal Can boosted its holdings in First Commonwealth Financial Co. ( NYSE:FCF – Free Report ) by 6.2% in the fourth quarter, according to its most recent filing with the SEC.
The institutional investor owned 17,932 shares of the bank’s stock after buying an additional 1,048 shares during the period. Bank of Montreal Can’s holdings in First Commonwealth Financial were worth $303,000 as of its most recent SEC filing. Other large investors have also made changes to their positions in the company.
Crowley Wealth Management Inc. purchased a new position in First Commonwealth Financial in the 4th quarter worth approximately $42,000. Wilmington Savings Fund Society FSB purchased a new position in First Commonwealth Financial during the third quarter valued at $46,000.
Smartleaf Asset Management LLC increased its holdings in First Commonwealth Financial by 173.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,396 shares of the bank’s stock valued at $57,000 after acquiring an additional 2,154 shares during the last quarter.
Jones Financial Companies Lllp lifted its stake in First Commonwealth Financial by 56.8% in the 4th quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank’s stock worth $57,000 after purchasing an additional 1,227 shares in the last quarter.
Finally, AlphaQuest LLC grew its position in shares of First Commonwealth Financial by 69.2% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the bank’s stock valued at $77,000 after purchasing an additional 1,873 shares in the last quarter.
72.58% of the stock is currently owned by hedge funds and other institutional investors. First Commonwealth Financial Price Performance Shares of FCF stock opened at $15.
03 on Thursday. First Commonwealth Financial Co. has a 12 month low of $12.
71 and a 12 month high of $19.96. The company has a debt-to-equity ratio of 0.
19, a current ratio of 0.93 and a quick ratio of 0.92.
The company has a market capitalization of $1.53 billion, a PE ratio of 10.81 and a beta of 0.
72. The firm’s 50-day moving average is $15.40 and its two-hundred day moving average is $16.
68. First Commonwealth Financial Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.
13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.
46%. The ex-dividend date was Friday, February 7th. First Commonwealth Financial’s dividend payout ratio is currently 37.
41%. Analyst Upgrades and Downgrades Several equities analysts have weighed in on the company. Stephens restated an “overweight” rating and set a $21.
50 price target on shares of First Commonwealth Financial in a report on Wednesday, January 29th. StockNews.com lowered shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Wednesday.
Royal Bank of Canada restated an “outperform” rating and set a $20.00 target price on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, DA Davidson reissued a “buy” rating and set a $21.
00 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, First Commonwealth Financial has an average rating of “Hold” and a consensus price target of $19.
58. Check Out Our Latest Stock Report on First Commonwealth Financial First Commonwealth Financial Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding FCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Commonwealth Financial Co. ( NYSE:FCF – Free Report ).
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