First Commonwealth EVP McCuen buys $49k in FCF stock

Published 04/09/2025, 19:18
First Commonwealth EVP McCuen buys $49k in FCF stock

Michael P. McCuen, EVP/Chief Banking Officer at First Commonwealth Financial Corp (NYSE:FCF), a $1.87 billion regional bank currently trading at $17.86, acquired 2,826 shares of common stock on September 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $17.67, totaling $49,935. According to InvestingPro analysis, FCF is currently trading below its Fair Value, with the stock showing strong returns over the past three months.

Following the transaction, McCuen directly owns 59,021 shares of First Commonwealth Financial Corp , which currently offers a 3.05% dividend yield and trades at a P/E ratio of 13.54. This includes 8,000 shares of restricted stock which vest in a single installment on September 11, 2026 and 30,000 shares of restricted stock which vest in equal installments on each of July 1, 2026 and July 1, 2027, subject to the terms of Restricted Stock Agreements. For deeper insights into FCF’s insider trading patterns and comprehensive valuation metrics, check out the detailed Pro Research Report available on InvestingPro.

McCuen also holds 6,800 service based stock units convertible into shares of FCF common stock on a 1-for-1 basis from an award in 2024, and 6,900 service based stock units convertible into shares of FCF common stock on a 1-for-1 basis from an award in 2025, both at the end of a 3 year vesting period. This brings the total of service based stock units to 13,700.

In other recent news, First Commonwealth Financial reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.38, notably higher than the projected $0.28. Revenue also exceeded forecasts, reaching $130.99 million against the anticipated $125.88 million. These results highlight the company’s strong performance for the quarter. Additionally, First Commonwealth Financial announced significant changes in its executive leadership. Jane Grebenc, Executive Vice President and Chief Revenue Officer, has announced her intention to retire in the first quarter of 2026. This planned transition marks a notable shift in the company’s leadership team. These developments reflect ongoing changes and achievements at First Commonwealth Financial.

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