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

August 12, 2018 - By Mary Markley

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 increased, 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. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt has invested 0.01% in First Commonwealth Financial Corporation (NYSE:FCF). New York-based Renaissance Technologies Limited Liability has invested 0.02% in First Commonwealth Financial Corporation (NYSE:FCF). Panagora Asset Mgmt Inc reported 0.02% of its portfolio in First Commonwealth Financial Corporation (NYSE:FCF). Vantage Lc invested 0% of its portfolio in First Commonwealth Financial Corporation (NYSE:FCF). Principal Fincl Grp Incorporated Inc reported 1.10M shares or 0.01% of all its holdings. Kbc Gp Nv, Belgium-based fund reported 49,487 shares. Cubist Systematic Strategies Limited Liability Company has invested 0.01% of its portfolio in First Commonwealth Financial Corporation (NYSE:FCF). Arizona State Retirement Sys reported 0.02% of its portfolio in First Commonwealth Financial Corporation (NYSE:FCF). Wells Fargo And Mn stated it has 333,742 shares or 0% of all its holdings. Bluecrest Cap Mgmt, a Guernsey-based fund reported 26,487 shares. Bancorp Of Ny Mellon holds 1.39M shares or 0.01% of its portfolio. Valley Natl Advisers stated it has 11 shares or 0% of all its holdings. Mason Street Advsr Ltd Limited Liability Company has 0.01% invested in First Commonwealth Financial Corporation (NYSE:FCF). Point72 Asia (Hong Kong) Ltd stated it has 0.04% of its portfolio in First Commonwealth Financial Corporation (NYSE:FCF). Louisiana State Employees Retirement System holds 43,300 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 12.94M 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 $2170.58 billion US Long portfolio, decreased its stake in Cabot Oil & Gas Corp (NYSE:COG) by 1.76M shares to 30.19M shares, valued at $718.54 million in 2018Q2, according to the filing. It also reduced its holding in Tripadvisor Inc (NASDAQ:TRIP) by 3.47 million shares in the quarter, leaving it with 7.15M shares, and cut its stake in Nextera Energy Inc (NYSE:NEE).

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: Seekingalpha.com which released: “First Commonwealth Financial Corp (FCF) CEO Thomas Price on Q2 2018 Results – Earnings Call Transcript” on July 25, 2018, also Globenewswire.com published article titled: “First Commonwealth Announces Second Quarter 2018 Earnings; Declares Quarterly Dividend”, Seekingalpha.com published: “Aimia Vs. Air Canada: Who Has The Upper Hand?” on July 30, 2018. More interesting news about First Commonwealth Financial Corporation (NYSE:FCF) was released by: Globenewswire.com and their article: “First Commonwealth CEO Elected to PA Bankers Board of Directors” with publication date: July 31, 2018.

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

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