Insider Bets Paying Off At FCF As New 52-Week High Reached

In trading on Wednesday, shares of First Commonwealth Financial Corp. ( FCF) touched a new 52-week high of $9.64/share. That's a 24.23% rise, or $1.88 per share from the 52-week low of $7.76 set back on 01/28/2015. That means at today's intraday high, any investor who purchased FCF stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, FCF has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
01/30/2015 Matthew C. Tomb ExecVP/Chief Risk Officer 2,000 $7.91 $15,820.00
05/13/2015 I. Robert Emmerich EVP/Chief Credit Officer 2,000 $9.03 $18,060.00

The chart below shows where FCF has traded over the past year, with the 50-day and 200-day moving averages included.

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