First Commonwealth Financial Stock Hits New 52-Week Low (FCF)
First Commonwealth Financial (NYSE:FCF) hit a new 52-week low Friday as it is currently trading at $4.76, below its previous 52-week low of $4.81 with 213,037 shares traded as of 10:49 a.m. ET. Average volume has been 514,200 shares over the past 30 days.
NEW YORK ( TheStreet) -- First Commonwealth Financial (NYSE: FCF) hit a new 52-week low Friday as it is currently trading at $4.76, below its previous 52-week low of $4.81 with 213,037 shares traded as of 10:49 a.m. ET. Average volume has been 514,200 shares over the past 30 days. First Commonwealth Financial has a market cap of $540.3 million and is part of the financial sector and banking industry. Shares are down 31.4% year to date as of the close of trading on Thursday. First Commonwealth Financial Corporation operates as the holding company for First Commonwealth Bank that provides consumer and commercial banking services to individuals and small and mid-sized businesses in central and western Pennsylvania. The company has a P/E ratio of 13.9, above the average banking industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates First Commonwealth Financial as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and relatively poor performance when compared with the S&P 500 during the past year. You can view the full First Commonwealth Financial Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.