Stocks of First Commonwealth Financial Corp (NYSE:FCF) traded higher last session on Wall Street, down -0.78% to $18.98.
FCF stock price is now 8.69% away from the 50-day moving average and 24.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.93B.
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With the price target enhanced from $16 to $19, Janney Downgraded its rating from Buy to Neutral for First Commonwealth Financial Corp (NYSE: FCF). On May 19, 2023, Stephens Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $14, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, McCuen Michael P, EVP/Chief Lending Officer bought 2,919 shares of the company’s stock on Sep 23 ’24. The stock was bought for $49,594 at an average price of $16.99. Upon completion of the transaction, the EVP/Chief Lending Officer now directly owns 57,623 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, EVP/Chief Credit Officer KARRIP BRIAN G sold 8,926 shares of the business’s stock. A total of $116,841 was realized by selling the stock at an average price of $13.09. This leaves the insider owning 52,036 shares of the company worth $0.99 million. A total of 2.08% of the company’s stock is owned by insiders.
During the past 12 months, First Commonwealth Financial Corp has had a low of $12.41 and a high of $19.96. According to the stock market information, the enterprise value for the company is $2077138816, which is based on a 12.81 price-to-earnings ratio, a 1.60 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for FCF is $17.4248 and a two-hundred day moving average price translates $15.18945 for the stock.
The latest earnings results from First Commonwealth Financial Corp (NYSE: FCF) was released for 2024-09-30. The net profit margin was 21.94% and return on equity was 11.44% for FCF. The company reported revenue of $154.32 million for the quarter, compared to $139.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.32 percent. For the current quarter, analysts expect FCF to generate $121.07M in revenue.
