Insider Buying: Gary R. Claus Purchases 2,500 Shares of First Commonwealth Financial Corp. (Pennsylvania) Stock (FCF)
First Commonwealth Financial Corp. (Pennsylvania) (NYSE:FCF) Director Gary R. Claus bought 2,500 shares of the stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $8.56 per share, for a total transaction of $21,400.00. Following the completion of the acquisition, the director now directly owns 21,944 shares in the company, valued at approximately $187,841. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at SunTrust initiated coverage on shares of First Commonwealth Financial Corp. (Pennsylvania) in a research note on Thursday, May 15th. They set a “neutral” rating and a $9.00 price target on the stock.
First Commonwealth Financial Corp. (NYSE:FCF) traded up 0.71% on Monday, hitting $8.55. The stock had a trading volume of 393,627 shares. First Commonwealth Financial Corp. has a 1-year low of $7.21 and a 1-year high of $9.51. The stock’s 50-day moving average is $9.02 and its 200-day moving average is $8.70. The company has a market cap of $802.1 million and a P/E ratio of 16.33.
First Commonwealth Financial Corp. (Pennsylvania) (NYSE:FCF) last announced its earnings results on Wednesday, July 23rd. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. The company had revenue of $63.19 million for the quarter, compared to the consensus estimate of $60.50 million. During the same quarter last year, the company posted $0.06 earnings per share. First Commonwealth Financial Corp. (Pennsylvania)’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that First Commonwealth Financial Corp. will post $0.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, July 31st.
First Commonwealth Financial Corporation (NYSE:FCF) is a financial holding company.
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