First Commonwealth Financial Corp (NYSE: FCF) is -4.49% lower on its value in year-to-date trading and has touched a low of $12.41 and a high of $19.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FCF stock was last observed hovering at around $16.82 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $16.16, the stock is -2.19% and -8.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -3.92% at the moment leaves the stock 0.97% off its SMA200. FCF registered 9.34% gain for a year compared to 6-month loss of -9.87%. The firm has a 50-day simple moving average (SMA 50) of $17.5736 and a 200-day simple moving average (SMA200) of $16.00425.
The stock witnessed a -6.16% gain in the last 1 month and extending the period to 3 months gives it a -2.77%, and is -1.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.31% over the week and 2.62% over the month.
First Commonwealth Financial Corp (FCF) has around 1437 employees, a market worth around $1.64B and $698.59M in sales. Current P/E ratio is 11.59 and Fwd P/E is 10.09. Profit margin for the company is 20.41%. Distance from 52-week low is 30.22% and -19.04% from its 52-week high. The company has generated returns on investments over the last 12 months (8.55%).
with sales reaching $117.9M over the same period.The EPS is expected to shrink by 0.00% this year, but quarterly earnings will post 3.43% year-over-year. Quarterly sales are estimated to grow 1.38% in year-over-year returns.
301.0 institutions hold shares in First Commonwealth Financial Corp (FCF), with institutional investors hold 77.89% of the company’s shares. The shares outstanding are 101.76M, and float is at 99.66M with Short Float at 1.45%. Institutions hold 76.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.76 million shares valued at $203.89 million. The investor’s holdings represent 14.4771 of the FCF Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.67 million shares valued at $161.11 million to account for 11.4399 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.99 million shares representing 6.8522 and valued at over $96.5 million, while STATE STREET CORP holds 4.5413 of the shares totaling 4.63 million with a market value of $63.96 million.
First Commonwealth Financial Corp (FCF) Insider Activity
The most recent transaction is an insider purchase by McCuen Michael P, the company’s EVP/Chief Lending Officer. SEC filings show that McCuen Michael P bought 2,919 shares of the company’s common stock on Sep 23 ’24 at a price of $16.99 per share for a total of $49594.0. Following the purchase, the insider now owns 57623.0 shares.
First Commonwealth Financial Corp disclosed in a document filed with the SEC on Feb 26 ’24 that KARRIP BRIAN G (EVP/Chief Credit Officer) sold a total of 8,926 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $13.09 per share for $0.12 million. Following the transaction, the insider now directly holds 52036.0 shares of the FCF stock.
