Barclays PLC Increases Stake in First Commonwealth Financial Co. by 116,295 Shares

On December 23rd, 2024, it was reported that Barclays PLC has significantly increased its holdings in First Commonwealth Financial Co. (NYSE:FCF). During the third quarter, Barclays grew its position by an impressive 121.8%, acquiring an additional 116,295 shares. By the end of the third quarter, Barclays owned a total of 211,797 shares, which were valued at approximately $3,631,000.

Other institutional investors have also made changes to their holdings in First Commonwealth Financial. For instance, Jane Street Group LLC increased its stake in the company by 39.5%, bringing its total to 150,590 shares valued at $2,583,000 after adding 42,632 shares. Similarly, Centiva Capital LP established a new position valued at roughly $518,000. Hantz Financial Services Inc. raised its holdings by 37.4%, now owning 69,003 shares valued at $1,183,000 after acquiring 18,799 additional shares. BNP Paribas Financial Markets also grew its position by 64.2%, owning 34,892 shares worth $598,000 following the purchase of 13,643 shares. FMR LLC increased its stake by 22.0%, acquiring an additional 4,360 shares and bringing its total to 24,190 shares valued at $415,000.

Overview of First Commonwealth Financial's Stock Performance

The stock of First Commonwealth Financial (FCF) opened at $16.93 recently. The company has a quick ratio and a current ratio of 0.92, with a low debt-to-equity ratio of 0.10. It has a market capitalization of $1.72 billion and a price-to-earnings (P/E) ratio of 11.44. Analysts note that the company has experienced a fifty-day simple moving average of $18.00 and a two-hundred-day simple moving average of $16.54. The stock has fluctuated between a 12-month low of $12.41 and a high of $19.96.

First Commonwealth Financial also reported its quarterly earnings on October 29th, where it announced earnings per share (EPS) of $0.31, falling short of the analysts' expectations by $0.05. The bank’s net margin stands at 21.87%, and its return on equity is at 11.19%. During the quarter, the company's revenue reached $121.21 million, which was slightly above the analysts' estimates of $119.47 million, even though it represented a 1.1% decline compared to the previous year. Current expectations project an annual EPS of 1.4 for First Commonwealth Financial.

Dividend Announcement by First Commonwealth Financial

Recently, First Commonwealth Financial declared a quarterly dividend of $0.13 per share, which was paid out on November 22nd to shareholders on record as of November 8th. This annualized dividend translates to $0.52 and offers a dividend yield of 3.07%. The ex-dividend date also occurred on November 8th, and the firm’s payout ratio is reported as 35.14%.

Latest Analyst Ratings and Price Targets

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation operates as a financial holding company that provides an array of consumer and commercial banking services across the United States. Its offerings include personal and interest-earning checking accounts, savings accounts, debit cards, mortgage loans, installment loans, and more. The company also provides internet and mobile banking services, making it easier for customers to manage their finances.

Barclays, Investment, FCF