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

First Commonwealth Financial (NYSE:FCF) released its quarterly earnings data on Tuesday. The bank reported $0.35 EPS for the quarter, missing the consensus estimate 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

FCF traded up $0.06 during trading on Tuesday, hitting $16.83. The stock had a trading volume of 566,663 shares, compared to its average volume of 704,198. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92. The company has a 50 day moving average price of $17.51 and a 200-day moving average price of $17.15. First Commonwealth Financial has a one year low of $12.41 and a one year 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.

Analyst Upgrades and Downgrades

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