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

First Commonwealth Financial (NYSE:FCF) issued its 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 return on equity of 11.19% and a net margin of 21.87%.

First Commonwealth Financial Stock Up 2.5 %

FCF stock opened at $16.57 on Thursday. First Commonwealth Financial has a fifty-two week low of $12.41 and a fifty-two week high of $19.96. 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 stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 11.20 and a beta of 0.88. The business’s fifty day moving average price is $17.43 and its two-hundred day moving average price is $17.15.

First Commonwealth Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, February 7th. First Commonwealth Financial’s dividend payout ratio is 35.14%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FCF. Keefe, Bruyette & Woods boosted their price objective on shares of 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 lowered First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Sandler reduced their target price on First Commonwealth Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Stephens reaffirmed an “overweight” rating and set a $21.50 price target on shares of First Commonwealth Financial in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, First Commonwealth Financial currently has a consensus rating of “Hold” and a consensus target price of $18.90.

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.