First Commonwealth Financial (NYSE:FCF) Issues 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 for the quarter, missing the consensus estimate 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 Price Performance

FCF stock opened at $16.57 on Thursday. The company has a market capitalization of $1.69 billion, a P/E ratio of 11.20 and a beta of 0.88. The company has a fifty day moving average price of $17.43 and a 200-day moving average price of $17.15. 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 52-week low of $12.41 and a 52-week high of $19.96.

First Commonwealth Financial Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on FCF shares. Stephens restated an “overweight” rating and set a $21.50 price objective on shares of First Commonwealth Financial in a research report on Wednesday. StockNews.com cut shares of First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Sandler decreased 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 report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 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. One investment 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’s stock. According to data from MarketBeat, First Commonwealth Financial currently has an average 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.