Comerica Bank Has Reduced Its Stake In First Commonwealth Financial Co. By 6.4% In The Third Quarter

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FCF Stock Fair Value – First Commonwealth Financial ($NYSE:FCF) Co. is a financial services company headquartered in Indiana, Pennsylvania. The company provides banking, insurance, and investment services to consumers and businesses in the United States. First Commonwealth has been struggling to grow its loan portfolio and has been experiencing higher levels of non-performing loans.

In addition, the company’s stock price has been under pressure in recent months. The company has a strong franchise in its markets and is committed to its customers and communities. First Commonwealth is taking steps to improve its performance and create shareholder value.

Share Price

However, on Friday their stock prices rose by 2.9%. FIRST COMMONWEALTH FINANCIAL opened at $14.2 and closed at $14.4, up from the previous closing price of $14.0. Despite the media’s recent portrayal of the company, it seems that investors are still confident in FIRST COMMONWEALTH FINANCIAL. Live Quote…

About the Company

VI Analysis – FCF Stock Fair Value Calculator

The company’s stock is currently trading at $14.4, which is a fair price overvalued by 7%. The company’s long-term potential is reflected in its fundamentals, which include a strong balance sheet, good asset quality, and profitable operations. FCF’s strong balance sheet provides the company with the financial flexibility to pursue growth opportunities and continue to invest in its business. The company’s good asset quality and profitable operations provide FCF with the ability to generate strong cash flow, which can be used to support its growth initiatives. More…

VI Peers

As of December 31, 2018, the company had assets of $11.6 billion and operated 154 branches in 22 counties throughout Pennsylvania and Ohio. First Commonwealth Bank, the company’s principal subsidiary, is a full-service community bank with a focus on providing personal and business banking services to individuals and small businesses. The company’s competitors include Merchants & Marine Bancorp Inc, SB Financial Group Inc, Crazy Woman Creek Bancorp Inc. These companies are also regional bank holding companies that offer similar personal and business banking services.

– Merchants & Marine Bancorp Inc ($OTCPK:MNMB)

Merchants & Marine Bancorp Inc is a holding company for Merchants Bank and Marine Bank. The Company operates through its subsidiary banks, which engage in the business of commercial banking and related financial activities. As of December 31, 2016, the Company’s subsidiary banks had a total of 21 banking offices located in Mississippi, Alabama and Florida.

– SB Financial Group Inc ($NASDAQ:SBFG)

SunTrust Banks, Inc., is an American bank holding company headquartered in Atlanta, Georgia. As of December 31, 2019, SunTrust had US$222 billion in assets and US$175 billion in deposits. SunTrust’s primary businesses include deposit, credit, trust and investment services. The company’s principal subsidiary is SunTrust Bank, member FDIC.

– Crazy Woman Creek Bancorp Inc ($OTCPK:CRZY)

Crazy Woman Creek Bancorp Inc is a regional bank holding company based in Buffalo, Wyoming, with $1.1 billion in assets. It operates through its wholly owned subsidiary, Crazy Woman Creek National Bank, which was founded in 1886. The Bank offers a full range of banking services to retail and commercial customers in its four full-service banking offices located in Buffalo, Sheridan, Greybull, and Worland, Wyoming.

Summary

First Commonwealth Financial Corporation is a bank holding company, which engages in the provision of banking, insurance, trust, and investment services. It operates through the following segments: Banking, Mortgage Banking, and Consumer Lending. The Banking segment offers personal and business banking services including checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, commercial loans, and mortgage loans.

The Mortgage Banking segment provides residential mortgage loans and services. The Consumer Lending segment offers direct and indirect automobile loans, and other consumer loans.