Investing in First Commonwealth Financial Corporation (FCF): What You Must Know


First Commonwealth Financial Corporation’s recent filing unveils that its President & CEO Price T Michael acquired Company’s shares for reported $0.18 million on Jan 27. In the deal valued at $13.87 per share,13,212 shares were bought. As a result of this transaction, Price T Michael now holds 321,756 shares worth roughly $ 5.13 million.

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Raymond James downgraded its First Commonwealth Financial Corporation [FCF] rating to a Mkt perform from a an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Stephens also remained covering FCF and has decreased its forecast on August 03, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on July 07, 2022. It rated FCF as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of FCF

On Friday, First Commonwealth Financial Corporation [NYSE:FCF] saw its stock jump 1.01% to $15.94. On the same session, the stock had its day’s lowest price of $15.69, but rose to a high of $15.96. Over the last five days, the stock has gained 1.01%. First Commonwealth Financial Corporation shares have risen nearly 14.10% since the year began. Nevertheless, the stocks have fallen -0.06% over the past one year. While a 52-week high of $16.53 was reached on 02/17/23, a 52-week low of $12.76 was recorded on 01/25/23. SMA at 50 days reached $14.82, while 200 days put it at $14.17. A total of 0.64 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For FCF Stock

The 24-hour chart illustrates a support level at 15.77, which if violated will result in even more drops to 15.59. On the upside, there is a resistance level at 16.04. A further resistance level may holdings at 16.13. The Relative Strength Index (RSI) on the 14-day chart is 57.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.29%. Stochastics %K at 28.27% indicates the stock is a holding.

How much short interest is there in First Commonwealth Financial Corporation?

A steep rise in short interest was recorded in First Commonwealth Financial Corporation stocks on Jan 12, 2023, dropping by -0.14 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.98 million shares. There was a decline of -3.65%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.24.

First Commonwealth Financial Corporation [FCF] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 12,819,081 shares, or roughly 13.73% of the outstanding FCF shares. In other words, the investor’s shares have fallen by -75,634 from its previous 13-F filing of 12894715.0. Additionally, The Vanguard Group, Inc. increased 1.14% of its stake after which the total value it holdings stand at $152,865,290, while Dimensional Fund Advisors LP added 3.39% of its stake to hold $95.16 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -9,536 shares of First Commonwealth Financial Corporation, while Charles Schwab Investment Managem sold 199,077 shares. At present, Geode Capital Management LLC is holding 1,704,522 shares valued at $25.07 million. Fuller & Thaler Asset Management, owned 1,370,335 shares of the company at the time of its most recent 13F filing, worth $20.16 million.

According to FactSet, First Commonwealth Financial Corporation’s share price will average $16.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.73 percent from its previous closing price of $15.78. Analysts expect First Commonwealth Financial Corporation stock to reach the higher price of $19.00, while the lowest price estimate is $15.00. However, 7 analysts have rated FCF stock as an Overweight in their predictions for 2023.


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