First Commonwealth Financial (NYSE:FCF – Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01, Zacks reports. First Commonwealth Financial had a net margin of 24.96% and a return on equity of 12.89%. The firm had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.34 million. During the same quarter in the prior year, the firm earned $0.42 EPS. First Commonwealth Financial’s revenue for the quarter was down 1.8% on a year-over-year basis.
First Commonwealth Financial Stock Performance
First Commonwealth Financial stock traded up $0.51 during trading hours on Wednesday, reaching $17.30. 1,264,759 shares of the stock were exchanged, compared to its average volume of 497,053. The stock has a market cap of $1.77 billion, a P/E ratio of 10.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. First Commonwealth Financial has a 52-week low of $11.16 and a 52-week high of $17.70. The firm’s 50 day moving average is $13.97 and its 200 day moving average is $13.73.
Wall Street Analysts Forecast Growth
Several research firms recently commented on FCF. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of First Commonwealth Financial in a research report on Tuesday, April 9th. StockNews.com upgraded shares of First Commonwealth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th.
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.
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