First Commonwealth Financial (FCF) Scheduled to Post Earnings on Tuesday

First Commonwealth Financial (NYSE:FCF - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

First Commonwealth Financial (NYSE:FCF - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.34 million. First Commonwealth Financial had a return on equity of 12.14% and a net margin of 23.39%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts expect First Commonwealth Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Commonwealth Financial Stock Performance

Shares of FCF stock traded up $0.22 on Tuesday, hitting $16.96. 574,497 shares of the stock were exchanged, compared to its average volume of 513,140. First Commonwealth Financial has a one year low of $11.16 and a one year high of $19.01. The firm's 50 day moving average is $16.74 and its two-hundred day moving average is $15.13. The firm has a market capitalization of $1.73 billion, a PE ratio of 10.53 and a beta of 0.83. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10.

Insider Activity

In other First Commonwealth Financial news, EVP Michael P. Mccuen acquired 2,919 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average price of $16.99 per share, for a total transaction of $49,593.81. Following the completion of the transaction, the executive vice president now owns 57,623 shares of the company's stock, valued at approximately $979,014.77. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.97% of the company's stock.

Wall Street Analysts Forecast Growth

FCF has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of First Commonwealth Financial from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted their target price on shares of First Commonwealth Financial from $16.00 to $18.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. StockNews.com downgraded First Commonwealth Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on First Commonwealth Financial from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Finally, Janney Montgomery Scott cut First Commonwealth Financial from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $16.00 to $19.00 in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $17.50.

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.