First Commonwealth Financial (FCF) Getting Favorable Press Coverage, Report Finds
News headlines about First Commonwealth Financial (NYSE:FCF) have trended positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Commonwealth Financial earned a daily sentiment score of 0.32 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.8397298276864 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
First Commonwealth Financial (FCF) opened at $14.89 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1,452.13, a P/E ratio of 25.67 and a beta of 0.94. First Commonwealth Financial has a 12-month low of $12.05 and a 12-month high of $15.67.
First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $80.98 million during the quarter, compared to analysts’ expectations of $80.90 million. First Commonwealth Financial had a return on equity of 9.24% and a net margin of 16.67%. First Commonwealth Financial’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. equities analysts predict that First Commonwealth Financial will post 1.02 EPS for the current year.
Several research analysts recently weighed in on the company. ValuEngine upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price target on shares of First Commonwealth Financial in a research report on Monday, January 29th. B. Riley reiterated a “hold” rating and set a $16.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 25th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of First Commonwealth Financial in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.86.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.
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