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NEW YORK ( TheStreet) -- First Commonwealth Financial (NYSE: FCF) hit a new 52-week low Thursday as it is currently trading at $3.78, below its previous 52-week low of $3.79 with one million shares traded as of 11:26 a.m. ET. Average volume has been 709,400 shares over the past 30 days. First Commonwealth Financial has a market cap of $417.5 million and is part of the financial sector and banking industry. Shares are down 46.2% year to date as of the close of trading on Wednesday. First Commonwealth Financial Corporation operates as the holding company for First Commonwealth Bank that provides consumer and commercial banking services to individuals and small and mid-sized businesses in central and western Pennsylvania. The company has a P/E ratio of 10.8, below the average banking industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.