- First Commonwealth is a $1.34 billion northeastern US regional bank with a strong balance sheet and high dividend yield of 3.38%.
- On June 8, 2021, one of the bank's executives sold 26.3% of his stake for unknown reasons. This is one of the largest insider transactions in recent years.
- The latest news from the bank regarding plans to enter the "Equipments Finance" segment seems to be quite positive.
- Almost all market multiples, except for the PEG ratio, show that FCF is trading relatively “fairly” compared to its peers.
- I can't really recommend buying or selling the stock. I remain to watch from the sidelines.
For further details see:
First Commonwealth Is Unremarkable, With A Recent Large Insider Sale