Boothbay Fund Management LLC Purchases Shares of 136,433 First Commonwealth Financial Co. (NYSE:FCF)

Boothbay Fund Management LLC acquired a new stake in shares of First Commonwealth Financial Co. (NYSE:FCF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 136,433 shares of the bank’s stock, valued at approximately $2,308,000.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC grew its position in First Commonwealth Financial by 4.2% during the 3rd 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. Pictet Asset Management Holding SA grew its position in First Commonwealth Financial by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 13,402 shares of the bank’s stock worth $227,000 after acquiring an additional 705 shares during the last quarter. Sei Investments Co. grew its position in First Commonwealth Financial by 3.9% during the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank’s stock worth $404,000 after acquiring an additional 895 shares during the last quarter. Aigen Investment Management LP grew its position 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 worth $294,000 after acquiring an additional 983 shares during the last quarter. Finally, Bank of Montreal Can grew its position in First Commonwealth Financial by 6.2% during 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 last quarter. 72.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FCF has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $21.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 30th. StockNews.com lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of First Commonwealth Financial in a research report on Thursday, January 30th. Finally, Stephens reiterated an “overweight” rating and issued a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.58.

First Commonwealth Financial Trading Down 1.2 %

NYSE FCF opened at $15.05 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. First Commonwealth Financial Co. has a twelve month low of $12.71 and a twelve month high of $19.96. The firm has a market capitalization of $1.53 billion, a PE ratio of 10.83 and a beta of 0.72. The stock’s 50 day moving average is $15.34 and its 200 day moving average is $16.67.

First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results 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%. Research analysts forecast that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors 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 annualized dividend and a dividend yield of 3.46%. First Commonwealth Financial’s dividend payout ratio is presently 37.41%.

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.