Shares of First Community Co. (NASDAQ:FCCO) have received an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Brokers have set a one year consensus price target of $22.00 for the company and are anticipating that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned First Community an industry rank of 77 out of 255 based on the ratings given to its competitors.
FCCO has been the topic of several research reports. Zacks Investment Research raised First Community from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. ValuEngine upgraded shares of First Community from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd.
NASDAQ:FCCO traded down $0.14 during trading hours on Friday, hitting $20.00. 14,472 shares of the company’s stock traded hands, compared to its average volume of 13,271. The firm has a market capitalization of $151.07 million, a price-to-earnings ratio of 13.79 and a beta of 0.89. First Community has a 52 week low of $18.54 and a 52 week high of $26.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.77.
First Community (NASDAQ:FCCO) last released its quarterly earnings data on Wednesday, January 16th. The bank reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). First Community had a return on equity of 10.51% and a net margin of 22.29%. The company had revenue of $11.65 million during the quarter, compared to analysts’ expectations of $11.81 million. Equities analysts forecast that First Community will post 1.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be issued a $0.11 dividend. This is an increase from First Community’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.20%. First Community’s dividend payout ratio (DPR) is presently 30.34%.
A number of institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in shares of First Community by 19.1% during the fourth quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock worth $249,000 after buying an additional 2,050 shares during the period. Blair William & Co. IL increased its stake in shares of First Community by 13.0% during the third quarter. Blair William & Co. IL now owns 21,724 shares of the bank’s stock worth $526,000 after purchasing an additional 2,500 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of First Community during the second quarter worth about $103,000. Bank of New York Mellon Corp increased its stake in shares of First Community by 21.9% during the fourth quarter. Bank of New York Mellon Corp now owns 33,467 shares of the bank’s stock worth $650,000 after purchasing an additional 6,021 shares in the last quarter. Finally, BlackRock Inc. boosted its position in First Community by 2.5% during the third quarter. BlackRock Inc. now owns 350,265 shares of the bank’s stock worth $8,476,000 after acquiring an additional 8,559 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.
First Community Company Profile
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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