First Commonwealth Financial (NYSE:FCF) Releases Earnings Results, Misses Estimates By $0.01 EPS

First Commonwealth Financial (NYSE:FCF) announced its quarterly earnings results on Tuesday. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01), Zacks reports. First Commonwealth Financial had a net margin of 21.87% and a return on equity of 11.19%.

First Commonwealth Financial Stock Performance

Shares of FCF opened at $16.83 on Wednesday. The stock has a 50-day simple moving average of $17.48 and a 200-day simple moving average of $17.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.92. First Commonwealth Financial has a 1 year low of $12.41 and a 1 year high of $19.96. The stock has a market capitalization of $1.71 billion, a PE ratio of 11.37 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of research analysts have commented on FCF shares. Keefe, Bruyette & Woods upped their price target on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded First Commonwealth Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, Piper Sandler cut their price target on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.70.

About First Commonwealth Financial

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.