Eye Catching Stock: First Commonwealth Financial Corporation (NYSE: FCF)

First Commonwealth Financial Corporation (NYSE: FCF) changed 2.67% to recent value of $13.47. The stock transacted 769543 shares during most recent day however it has an average volume of 328.95K shares. It spotted trading -24.79% off 52-week high price. On the other end, the stock has been noted 18.89% away from the low price over the last 52-weeks.

First Commonwealth Financial Corporation (NYSE: FCF)  announced that its banking subsidiary, First Commonwealth Bank, has received all required regulatory approvals for its pending acquisition of 14 branches from Santander Bank, N.A.  The Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities have approved the transaction, which is expected to be completed by September 9, 2019.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a financial services company with 135 community banking offices in 22 counties throughout western and central Pennsylvania and throughout Ohio, as well as corporate banking centers in Pittsburgh, Pennsylvania, and Cleveland and Columbus, Ohio.  The company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson and Dublin, Ohio.  First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency.an operating margin of 81.30% while its profit margin remained 35.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 541.20% for this year while earning per share for the next 5-years is expected to reach at 8.00%.

 The company has 97.96M of outstanding shares and 97.09M shares were floated in the market. The price moved ahead of 5.16% from the mean of 20 days, 2.35% from mean of 50 days SMA and performed -1.17% from mean of 200 days price. Company’s performance for the week was 5.15%, 5.23% for month and YTD performance remained 11.51%.

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