GSA Capital Partners LLP Acquires New Stake in First Commonwealth Financial Corporation (FCF)

GSA Capital Partners LLP acquired a new stake in shares of First Commonwealth Financial Corporation (NYSE:FCF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 44,245 shares of the bank’s stock, valued at approximately $561,000.

A number of other hedge funds have also recently bought and sold shares of FCF. Ameritas Investment Partners Inc. bought a new position in First Commonwealth Financial Corporation during the first quarter valued at $101,000. Trexquant Investment LP bought a new position in First Commonwealth Financial Corporation during the first quarter valued at $138,000. Envestnet Asset Management Inc. increased its position in First Commonwealth Financial Corporation by 15.7% during the first quarter. Envestnet Asset Management Inc. now owns 11,532 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,564 shares during the last quarter. Amalgamated Bank increased its position in First Commonwealth Financial Corporation by 9.7% during the second quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock valued at $167,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Oxford Asset Management bought a new position in First Commonwealth Financial Corporation during the first quarter valued at $170,000. Institutional investors and hedge funds own 63.04% of the company’s stock.

A number of research firms have weighed in on FCF. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. cut their price objective on shares of First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. BidaskClub cut shares of First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. First Commonwealth Financial Corporation has an average rating of “Hold” and a consensus target price of $9.96.

First Commonwealth Financial Corporation (NYSE:FCF) opened at 14.15 on Tuesday. The company has a market cap of $1.38 billion, a PE ratio of 19.99 and a beta of 1.01. First Commonwealth Financial Corporation has a 52-week low of $9.62 and a 52-week high of $14.61. The firm’s 50-day moving average is $13.18 and its 200-day moving average is $12.90.

First Commonwealth Financial Corporation (NYSE:FCF) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. First Commonwealth Financial Corporation had a return on equity of 9.45% and a net margin of 21.61%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $76.82 million. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, equities research analysts anticipate that First Commonwealth Financial Corporation will post $0.80 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/gsa-capital-partners-llp-acquires-new-stake-in-first-commonwealth-financial-corporation-fcf.html.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation is a financial hol

A number of other hedge funds have also recently bought and sold shares of FCF. Ameritas Investment Partners Inc. bought a new position in First Commonwealth Financial Corporation during the first quarter valued at $101,000. Trexquant Investment LP bought a new position in First Commonwealth Financial Corporation during the first quarter valued at $138,000. Envestnet Asset Management Inc. increased its position in First Commonwealth Financial Corporation by 15.7% during the first quarter. Envestnet Asset Management Inc. now owns 11,532 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,564 shares during the last quarter. Amalgamated Bank increased its position in First Commonwealth Financial Corporation by 9.7% during the second quarter. Amalgamated Bank now owns 13,150 shares of the bank’s stock valued at $167,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Oxford Asset Management bought a new position in First Commonwealth Financial Corporation during the first quarter valued at $170,000. Institutional investors and hedge funds own 63.04% of the company’s stock.

A number of research firms have weighed in on FCF. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. cut their price objective on shares of First Commonwealth Financial Corporation from C$4.50 to C$3.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. BidaskClub cut shares of First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $14.00 price objective on shares of First Commonwealth Financial Corporation in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. First Commonwealth Financial Corporation has an average rating of “Hold” and a consensus target price of $9.96.

First Commonwealth Financial Corporation (NYSE:FCF) opened at 14.15 on Tuesday. The company has a market cap of $1.38 billion, a PE ratio of 19.99 and a beta of 1.01. First Commonwealth Financial Corporation has a 52-week low of $9.62 and a 52-week high of $14.61. The firm’s 50-day moving average is $13.18 and its 200-day moving average is $12.90.

First Commonwealth Financial Corporation (NYSE:FCF) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. First Commonwealth Financial Corporation had a return on equity of 9.45% and a net margin of 21.61%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $76.82 million. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, equities research analysts anticipate that First Commonwealth Financial Corporation will post $0.80 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/gsa-capital-partners-llp-acquires-new-stake-in-first-commonwealth-financial-corporation-fcf.html.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

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Institutional Ownership by Quarter for First Commonwealth Financial Corporation (NYSE:FCF)

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