First Commonwealth Financial Corporation (NYSE:FCF) Director Peter Croft Mcrae purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were purchased at an average price of $2.45 per share, for a total transaction of $24,500.00.

Peter Croft Mcrae also recently made the following trade(s):

  • On Wednesday, July 5th, Peter Croft Mcrae acquired 5,000 shares of First Commonwealth Financial Corporation stock. The shares were bought at an average cost of $2.75 per share, for a total transaction of $13,750.00.
  • On Tuesday, June 27th, Peter Croft Mcrae acquired 5,000 shares of First Commonwealth Financial Corporation stock. The shares were bought at an average cost of $2.80 per share, for a total transaction of $14,000.00.
  • On Tuesday, June 13th, Peter Croft Mcrae acquired 634 shares of First Commonwealth Financial Corporation stock. The shares were bought at an average cost of $2.95 per share, for a total transaction of $1,870.30.

First Commonwealth Financial Corporation (NYSE FCF) traded up 1.33% during trading on Friday, hitting $12.94. 268,288 shares of the stock were exchanged. First Commonwealth Financial Corporation has a 12-month low of $9.52 and a 12-month high of $14.61. The firm has a market cap of $1.26 billion, a PE ratio of 18.28 and a beta of 0.97. The stock’s 50-day moving average price is $12.84 and its 200-day moving average price is $13.18.

First Commonwealth Financial Corporation (NYSE:FCF) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $76.82 million. During the same quarter in the prior year, the business earned $0.14 EPS. On average, equities analysts expect that First Commonwealth Financial Corporation will post $0.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, August 3rd. First Commonwealth Financial Corporation’s dividend payout ratio (DPR) is presently 45.07%.

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Several brokerages have issued reports on FCF. BidaskClub downgraded shares of First Commonwealth Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Canaccord Genuity downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “speculative buy” rating and reduced their price target for the company from C$4.50 to C$4.25 in a report on Monday, May 8th. Zacks Investment Research downgraded shares of First Commonwealth Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Finally, FBR & Co reaffirmed a “hold” rating on shares of First Commonwealth Financial Corporation in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $9.57.

A number of large investors have recently bought and sold shares of FCF. Marshall Wace North America L.P. acquired a new stake in First Commonwealth Financial Corporation during the second quarter worth $2,731,000. BNP Paribas Arbitrage SA boosted its stake in First Commonwealth Financial Corporation by 56.1% in the second quarter. BNP Paribas Arbitrage SA now owns 28,468 shares of the bank’s stock worth $361,000 after buying an additional 10,229 shares during the period. Legal & General Group Plc boosted its stake in First Commonwealth Financial Corporation by 15.5% in the second quarter. Legal & General Group Plc now owns 169,821 shares of the bank’s stock worth $2,153,000 after buying an additional 22,769 shares during the period. Bank of New York Mellon Corp boosted its position in First Commonwealth Financial Corporation by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 1,864,415 shares of the bank’s stock valued at $23,641,000 after buying an additional 50,819 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in First Commonwealth Financial Corporation by 4.3% in the second quarter. Rhumbline Advisers now owns 203,983 shares of the bank’s stock valued at $2,587,000 after buying an additional 8,422 shares during the last quarter. Institutional investors and hedge funds own 60.11% of the company’s stock.

First Commonwealth Financial Corporation Company Profile

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.

Insider Buying and Selling by Quarter for First Commonwealth Financial Corporation (NYSE:FCF)

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