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

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

First Commonwealth Financial Stock Performance

First Commonwealth Financial stock traded up $0.06 during trading hours on Tuesday, reaching $16.83. 566,663 shares of the company were exchanged, compared to its average volume of 704,198. First Commonwealth Financial has a 12 month low of $12.41 and a 12 month high of $19.96. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 11.37 and a beta of 0.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $17.51 and a 200 day moving average of $17.15.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FCF shares. Keefe, Bruyette & Woods boosted their target price on First Commonwealth Financial from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised First Commonwealth Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Piper Sandler decreased their target price on shares of First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.