First Commonwealth Financial (NYSE:FCF – Get Free Report) posted its quarterly earnings results on Tuesday. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05), Briefing.com reports. The business had revenue of $121.21 million for the quarter, compared to analyst estimates of $119.47 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 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share.
First Commonwealth Financial Stock Up 0.4 %
Shares of FCF stock traded up $0.07 during trading on Wednesday, reaching $17.01. The company’s stock had a trading volume of 199,110 shares, compared to its average volume of 509,500. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.53 and a beta of 0.83. The stock’s 50-day moving average price is $16.84 and its 200 day moving average price is $15.29. First Commonwealth Financial has a 1-year low of $12.05 and a 1-year high of $19.01.
Insider Activity at First Commonwealth Financial
In other news, EVP Michael P. Mccuen purchased 2,919 shares of the stock in a transaction on Monday, September 23rd. The stock was bought at an average price of $16.99 per share, for a total transaction of $49,593.81. Following the acquisition, the executive vice president now directly owns 57,623 shares of the company’s stock, valued at approximately $979,014.77. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.97% of the company’s stock.
Wall Street Analysts Forecast Growth
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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.
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