President Thomas Price Just Bought 4.2% More Shares In First Commonwealth Financial Corporation (NYSE:FCF)

Even if it's not a huge purchase, we think it was good to see that Thomas Price, the President of First Commonwealth Financial Corporation (NYSE:FCF) recently shelled out US$100k to buy stock, at US$9.96 per share. Although the purchase is not a big one, increasing their shareholding by only 4.2%, it can be interpreted as a good sign.

View our latest analysis for First Commonwealth Financial

The Last 12 Months Of Insider Transactions At First Commonwealth Financial

Notably, that recent purchase by Thomas Price is the biggest insider purchase of First Commonwealth Financial shares that we've seen in the last year. That implies that an insider found the current price of US$9.97 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the First Commonwealth Financial insiders decided to buy shares at close to current prices.

While First Commonwealth Financial insiders bought shares during the last year, they didn't sell. The average buy price was around US$8.91. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

First Commonwealth Financial is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does First Commonwealth Financial Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that First Commonwealth Financial insiders own 1.7% of the company, worth about US$16m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At First Commonwealth Financial Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of First Commonwealth Financial we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 2 warning signs for First Commonwealth Financial you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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