1 day Ago By Defense World Staff
Renaissance Technologies LLC bought a new position in First Commonwealth Financial Co. ( NYSE:FCF – Free Report ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 65,200 shares of the bank’s stock, valued at approximately $1,103,000.
Renaissance Technologies LLC owned 0.06% of First Commonwealth Financial at the end of the most recent reporting period. A number of other hedge funds also recently added to or reduced their stakes in FCF.
Bank of Montreal Can increased its holdings in shares of First Commonwealth Financial by 6.2% in the 4th quarter. Bank of Montreal Can now owns 17,932 shares of the bank’s stock worth $303,000 after acquiring an additional 1,048 shares during the period.
Envestnet Asset Management Inc. grew its position in First Commonwealth Financial by 6.1% in the 4th quarter.
Envestnet Asset Management Inc. now owns 27,458 shares of the bank’s stock worth $465,000 after purchasing an additional 1,588 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of First Commonwealth Financial by 17.
3% in the fourth quarter. Wells Fargo & Company MN now owns 75,028 shares of the bank’s stock valued at $1,269,000 after purchasing an additional 11,064 shares during the period. ExodusPoint Capital Management LP boosted its position in shares of First Commonwealth Financial by 239.
6% during the fourth quarter. ExodusPoint Capital Management LP now owns 169,194 shares of the bank’s stock worth $2,863,000 after buying an additional 119,366 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in First Commonwealth Financial by 5.
6% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank’s stock worth $227,000 after buying an additional 705 shares in the last quarter. 72.
58% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of brokerages have issued reports on FCF. Royal Bank of Canada reiterated an “outperform” rating and set a $20.
00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Stephens reiterated an “overweight” rating and issued a $21.50 target price on shares of First Commonwealth Financial in a research report on Wednesday, January 29th.
StockNews.com downgraded shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $21.
00 price objective on shares of First Commonwealth Financial in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.
58. First Commonwealth Financial Stock Performance Shares of FCF opened at $15.57 on Wednesday.
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 firm’s 50 day moving average is $15.30 and its 200-day moving average is $16.
65. First Commonwealth Financial Co. has a 12-month low of $12.
71 and a 12-month high of $19.96. The stock has a market capitalization of $1.
59 billion, a P/E ratio of 11.20 and a beta of 0.72.
First Commonwealth Financial ( NYSE:FCF – Get Free Report ) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.
32. First Commonwealth Financial had a net margin of 20.38% and a return on equity of 10.
36%. The firm had revenue of $118.51 million for the quarter, compared to analyst estimates of $117.
70 million. During the same quarter in the previous year, the business posted $0.37 earnings per share.
The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that First Commonwealth Financial Co.
will post 1.45 EPS for the current fiscal year. About First Commonwealth Financial ( 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. Read More Five stocks we like better than First Commonwealth Financial Earnings Per Share Calculator: How to Calculate EPS Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet 3 Fintech Stocks With Good 2021 Prospects Coca-Cola Company Stock Can Bubble to New Highs This Year Utilities Stocks Explained – How and Why to Invest in Utilities 3 Stocks Lifting 2025 Guidance Despite Market Jitters Receive News & Ratings for First Commonwealth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Commonwealth Financial and related companies with MarketBeat.com's FREE daily email newsletter .
.
