First Commonwealth Financial (FCF) Set to Announce Quarterly Earnings on Tuesday
First Commonwealth Financial (NYSE:FCF) will release its earnings data after the market closes on Tuesday, January 29th. Analysts expect First Commonwealth Financial to post earnings of $0.26 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
NYSE:FCF opened at $13.34 on Friday. The stock has a market cap of $1.31 billion, a PE ratio of 16.27, a PEG ratio of 1.51 and a beta of 1.16. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. First Commonwealth Financial has a 1-year low of $11.33 and a 1-year high of $17.91.
First Commonwealth Financial announced that its board has authorized a stock buyback program on Tuesday, October 23rd that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the bank to repurchase up to 1.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several research firms have recently weighed in on FCF. Zacks Investment Research cut First Commonwealth Financial from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Raymond James restated a “hold” rating on shares of First Commonwealth Financial in a report on Tuesday, December 11th. B. Riley upgraded First Commonwealth Financial from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $18.00 to $16.00 in a report on Thursday, November 8th. Finally, Boenning Scattergood cut First Commonwealth Financial from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.67.
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About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, 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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