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

Crowley Wealth Management Inc. purchased a new position in shares of First Commonwealth Financial Co. (NYSE:FCF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,500 shares of the bank’s stock, valued at approximately $42,000.

A number of other hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC boosted its holdings in First Commonwealth Financial by 4.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,623 shares of the bank’s stock valued at $268,000 after acquiring an additional 633 shares during the period. Natixis Advisors LLC boosted its holdings in First Commonwealth Financial by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,882 shares of the bank’s stock valued at $272,000 after acquiring an additional 883 shares during the period. Sei Investments Co. boosted its holdings in First Commonwealth Financial by 3.9% during the 4th quarter. Sei Investments Co. now owns 23,857 shares of the bank’s stock valued at $404,000 after acquiring an additional 895 shares during the period. Aigen Investment Management LP boosted its holdings 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 valued at $294,000 after acquiring an additional 983 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in First Commonwealth Financial by 56.8% during the 4th quarter. Jones Financial Companies Lllp now owns 3,388 shares of the bank’s stock valued at $57,000 after acquiring an additional 1,227 shares during the period. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

First Commonwealth Financial Stock Performance

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

First Commonwealth Financial (NYSE:FCF) last issued its 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 return on equity of 10.36% and a net margin of 20.38%. On average, analysts predict that First Commonwealth Financial Co. will post 1.45 earnings per share for the current fiscal year.

First Commonwealth Financial Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on FCF shares. Keefe, Bruyette & Woods raised their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Friday, February 14th. DA Davidson restated a “buy” rating and set a $21.00 target price on shares of First Commonwealth Financial in a report on Thursday, January 30th. Stephens reiterated an “overweight” rating and issued a $21.50 price objective 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 price objective on shares of First Commonwealth Financial in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.58.

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.