First Commonwealth Financial

FCF

First Commonwealth Financial Corporation is a financial services company based in Indiana, Pennsylvania, primarily serving the Western and Central Pennsylvania as well as Canton and Columbus, Ohio. First Commonwealth has long served the Central Pennsylvania region, but began aggressively expanding into the Western part of the state in the early 2000s (decade), particularly Pittsburgh. In 2016, the bank purchased several Ohio-based banks growing its footprint. It is currently the fifth-largest bank in the Pittsburgh metropolitan area behind PNC Financial Services, Citizens Financial Group, First Niagara Bank, and privately held Dollar Bank.First Commonwealth is one of the few stronger banks that did not accept TARP funds in 2008.

First Commonwealth Financial has been a target of short sellers for a while. The current short interest of 3.23% is roughly at the average of the last 12 months (2.26%).