First Commonwealth Financial Corporation is a financial holding company. Co.'s operating subsidiaries include First Commonwealth Bank (the Bank), First Commonwealth Insurance Agency, Inc. (FCIA) and FRAMAL. It provides a diversified array of consumer and commercial banking services through its bank subsidiary, FCB. It also provides trust and wealth management services through FCB and offer insurance products through FCIA. The Bank operated 126 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus, Canfield and Hudson, Ohio. We show 58 historical shares outstanding datapoints in our FCF shares outstanding history coverage, used to compute FCF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FCF market cap history over the course of time is important for investors
interested in comparing FCF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FCF versus a peer is one thing; comparing
FCF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FCF can fluctuate over the course of history.
With this page we aim to empower investors researching FCF by allowing them to research the FCF market cap history. |
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Video: The Importance of Market Cap
