First Commonwealth Financial (NYSE:FCF – Get Rating) announced its quarterly earnings data on Tuesday. The bank reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05), Briefing.com reports. The company had revenue of $120.59 million for the quarter, compared to analysts’ expectations of $113.63 million. First Commonwealth Financial had a return on equity of 12.01% and a net margin of 31.21%. During the same quarter in the previous year, the company earned $0.37 earnings per share.
First Commonwealth Financial Trading Down 3.9 %
NYSE FCF traded down $0.54 during mid-day trading on Wednesday, hitting $13.36. The company’s stock had a trading volume of 24,069 shares, compared to its average volume of 357,167. First Commonwealth Financial has a 52-week low of $12.76 and a 52-week high of $17.41. The stock’s fifty day simple moving average is $14.18 and its two-hundred day simple moving average is $14.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $1.25 billion, a P/E ratio of 10.30 and a beta of 0.99.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on FCF shares. Janney Montgomery Scott started coverage on shares of First Commonwealth Financial in a report on Thursday, September 29th. They set a “buy” rating and a $16.00 price objective on the stock. StockNews.com started coverage on shares of First Commonwealth Financial in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Piper Sandler cut their price objective on shares of First Commonwealth Financial to $15.00 in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.90.
Institutional Inflows and Outflows
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services 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.
- Get a free copy of the StockNews.com research report on First Commonwealth Financial (FCF)
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