Blackrock Inc Increased First Comwlth Finl Corp Pa (NYSE:FCF) Stake by $16.82 Million

August 12, 2018 - By Frank Plummer

First Commonwealth Financial Corporation (NYSE:FCF) LogoInvestors sentiment increased to 1.41 in 2018 Q1. Its up 0.09, from 1.32 in 2017Q4. It improved, as 9 investors sold FCF shares while 45 reduced holdings. 27 funds opened positions while 49 raised stakes. 65.54 million shares or 2.57% more from 63.90 million shares in 2017Q4 were reported. Jane Street Gru Limited accumulated 14,696 shares. Buckingham Asset Management Lc owns 75,823 shares. Legal General Public Ltd Co accumulated 205,407 shares. Fmr Lc, Massachusetts-based fund reported 1.36M shares. 41,034 are owned by Employees Retirement Association Of Colorado. Stone Ridge Asset Ltd Liability Corp holds 0.04% or 46,486 shares. Intl Group stated it has 0% in First Commonwealth Financial Corporation (NYSE:FCF). Mutual Of America Cap Limited Liability accumulated 2,700 shares or 0% of the stock. Renaissance Tech Ltd reported 0.02% of its portfolio in First Commonwealth Financial Corporation (NYSE:FCF). 22,773 are owned by First National Trust. 45,955 are held by Pinebridge Invests Ltd Partnership. 57,824 were reported by Aperio Group Lc. Moreover, Raymond James Financial Advsrs has 0% invested in First Commonwealth Financial Corporation (NYSE:FCF) for 19,757 shares. Cambridge Investment Research Advsrs stated it has 0.01% of its portfolio in First Commonwealth Financial Corporation (NYSE:FCF). First Trust Advisors Lp reported 140,389 shares.

Blackrock Inc increased its stake in First Comwlth Finl Corp Pa (NYSE:FCF) by 8.67% based on its latest 2018Q2 regulatory filing with the SEC. Blackrock Inc bought 1.12M shares as the company’s stock rose 8.28% while stock markets declined. The institutional investor held 14.06 million shares of the major banks company at the end of 2018Q2, valued at $218.12 million, up from 12.94 million at the end of the previous reported quarter. Blackrock Inc who had been investing in First Comwlth Finl Corp Pa for a number of months, seems to be bullish on the $1.68 billion market cap company. It closed at $16.76 lastly. It is down 24.72% since August 13, 2017 and is uptrending. It has outperformed by 12.15% the S&P500.

Blackrock Inc, which manages about $2170.58B US Long portfolio, decreased its stake in Enel Americas S A (NYSE:ENI) by 1.62M shares to 5.09M shares, valued at $44.82M in 2018Q2, according to the filing. It also reduced its holding in Performance Food Group Co () by 2.04M shares in the quarter, leaving it with 7.92M shares, and cut its stake in Kellogg Co (NYSE:K).

First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. The company has market cap of $1.68 billion. The Company’s consumer services include personal checking accounts, interest-earning checking accounts, 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 services, as well as Internet, mobile, and telephone banking services. It has a 20.36 P/E ratio. The company's commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements.

More important recent First Commonwealth Financial Corporation (NYSE:FCF) news were published by: which released: “First Commonwealth Announces Second Quarter 2018 Earnings; Declares Quarterly Dividend” on July 24, 2018, also published article titled: “First Commonwealth Financial Corp (FCF) CEO Thomas Price on Q2 2018 Results – Earnings Call Transcript”, published: “First Commonwealth CEO Elected to PA Bankers Board of Directors” on July 31, 2018. More interesting news about First Commonwealth Financial Corporation (NYSE:FCF) was released by: and their article: “Aimia Vs. Air Canada: Who Has The Upper Hand?” with publication date: July 30, 2018.

First Commonwealth Financial Corporation (NYSE:FCF) Institutional Positions Chart

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