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

First Commonwealth Financial (NYSE:FCF) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect First Commonwealth Financial to post earnings of $0.36 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

First Commonwealth Financial Price Performance

First Commonwealth Financial stock opened at $16.62 on Friday. 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 $1.70 billion, a PE ratio of 10.72 and a beta of 0.83. First Commonwealth Financial has a one year low of $11.61 and a one year high of $19.01. The business has a 50 day simple moving average of $16.81 and a 200 day simple moving average of $15.21.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FCF shares. Piper Sandler raised their price target on First Commonwealth Financial from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. StockNews.com cut First Commonwealth Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Janney Montgomery Scott cut First Commonwealth Financial from a “buy” rating to a “neutral” rating and lifted their target price for the company from $16.00 to $19.00 in a research note on Monday, July 29th. Royal Bank of Canada lifted their price objective on First Commonwealth Financial from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on First Commonwealth Financial from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. 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 stock. According to MarketBeat, First Commonwealth Financial currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Insider Buying and Selling

In other First Commonwealth Financial news, EVP Michael P. Mccuen purchased 2,919 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average price of $16.99 per share, for a total transaction of $49,593.81. Following the purchase, the executive vice president now owns 57,623 shares in the company, valued at approximately $979,014.77. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.97% of the stock is currently owned by corporate insiders.

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.