Wall Street analysts expect that First Community Co. (NASDAQ:FCCO) will post $0.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Community’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.33. First Community reported earnings per share of $0.35 during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The company is expected to announce its next earnings report on Wednesday, January 15th.
According to Zacks, analysts expect that First Community will report full-year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.43. For the next fiscal year, analysts anticipate that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.35 to $1.47. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow First Community.
First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $12.47 million during the quarter, compared to analysts’ expectations of $12.09 million. First Community had a return on equity of 9.42% and a net margin of 20.48%.
Several research firms have recently issued reports on FCCO. Zacks Investment Research raised First Community from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a research report on Friday, October 18th. ValuEngine raised First Community from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, DA Davidson began coverage on First Community in a research report on Tuesday, August 20th. They set a “neutral” rating and a $20.50 price objective for the company.
Shares of NASDAQ:FCCO traded up $0.62 on Monday, hitting $21.15. 6,511 shares of the company’s stock were exchanged, compared to its average volume of 19,393. The firm’s 50-day moving average is $19.67 and its 200 day moving average is $18.94. The company has a market capitalization of $156.43 million, a PE ratio of 14.59 and a beta of 0.91. First Community has a 1-year low of $17.08 and a 1-year high of $23.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.77 and a current ratio of 0.79.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.44 annualized dividend and a dividend yield of 2.08%. First Community’s dividend payout ratio is currently 30.34%.
Several large investors have recently added to or reduced their stakes in FCCO. Asset Advisors Investment Management LLC boosted its position in shares of First Community by 3.7% during the 2nd quarter. Asset Advisors Investment Management LLC now owns 56,434 shares of the bank’s stock worth $1,045,000 after acquiring an additional 2,000 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of First Community by 11.7% in the 2nd quarter. Acadian Asset Management LLC now owns 30,873 shares of the bank’s stock valued at $571,000 after purchasing an additional 3,235 shares during the period. Capital Investment Advisory Services LLC boosted its position in shares of First Community by 386.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 2,673 shares of the bank’s stock valued at $52,000 after purchasing an additional 2,123 shares during the period. Cutler Capital Management LLC boosted its position in shares of First Community by 155.7% in the 2nd quarter. Cutler Capital Management LLC now owns 38,348 shares of the bank’s stock valued at $710,000 after purchasing an additional 23,348 shares during the period. Finally, Context BH Capital Management LP acquired a new stake in shares of First Community in the 2nd quarter valued at about $928,000. 50.22% of the stock is owned by institutional investors and hedge funds.
About First Community
First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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