First Commonwealth Financial (NYSE:FCF) Issues Earnings Results

First Commonwealth Financial (NYSE:FCF) announced its earnings results on Monday. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, MarketWatch Earnings reports. First Commonwealth Financial had a net margin of 18.68% and a return on equity of 7.42%. During the same quarter in the previous year, the company earned $0.27 earnings per share.

First Commonwealth Financial stock traded down $0.77 during trading on Wednesday, reaching $11.69. The company had a trading volume of 678,659 shares, compared to its average volume of 591,186. First Commonwealth Financial has a 12-month low of $6.77 and a 12-month high of $14.33. The stock’s 50 day moving average price is $11.46 and its two-hundred day moving average price is $9.29. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93.

The business also recently announced a dividend, which will be paid on Friday, February 19th. Investors of record on Friday, February 5th will be issued a $0.11 dividend. The ex-dividend date is Thursday, February 4th. This represents a yield of 3.53%. First Commonwealth Financial’s payout ratio is 40.00%.

A number of equities analysts have issued reports on FCF shares. DA Davidson upgraded shares of First Commonwealth Financial from a “neutral” rating to a “buy” rating in a research report on Monday, January 11th. TheStreet raised shares of First Commonwealth Financial from a “c+” rating to a “b” rating in a research report on Monday, November 9th. Zacks Investment Research raised shares of First Commonwealth Financial from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday. Boenning Scattergood lowered shares of First Commonwealth Financial from an “outperform” rating to a “neutral” rating in a research report on Tuesday, November 10th. Finally, B. Riley boosted their price objective on shares of First Commonwealth Financial from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, January 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. First Commonwealth Financial has an average rating of “Hold” and an average target price of $10.67.

About First Commonwealth Financial

First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services.

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Earnings History for First Commonwealth Financial (NYSE:FCF)

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