First Community Co. (NASDAQ:FCCO – Get Rating) – Analysts at DA Davidson boosted their FY2022 earnings per share (EPS) estimates for First Community in a research note issued on Thursday, June 30th. DA Davidson analyst K. Fitzsimmons now forecasts that the bank will post earnings of $1.98 per share for the year, up from their prior forecast of $1.85. The consensus estimate for First Community’s current full-year earnings is $1.88 per share. DA Davidson also issued estimates for First Community’s FY2023 earnings at $2.22 EPS.
Separately, StockNews.com assumed coverage on First Community in a report on Thursday, June 30th. They set a “hold” rating on the stock.
First Community (NASDAQ:FCCO – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The bank reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. First Community had a return on equity of 11.27% and a net margin of 25.54%. The business had revenue of $14.11 million during the quarter, compared to analysts’ expectations of $14.21 million.
A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in First Community by 1.1% during the first quarter. The Manufacturers Life Insurance Company now owns 409,357 shares of the bank’s stock worth $8,678,000 after acquiring an additional 4,305 shares in the last quarter. Banc Funds Co. LLC lifted its holdings in shares of First Community by 11.1% in the first quarter. Banc Funds Co. LLC now owns 400,522 shares of the bank’s stock valued at $8,491,000 after purchasing an additional 40,018 shares in the last quarter. Fourthstone LLC lifted its holdings in shares of First Community by 50.9% in the first quarter. Fourthstone LLC now owns 280,735 shares of the bank’s stock valued at $5,952,000 after purchasing an additional 94,705 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in shares of First Community by 0.5% in the first quarter. Hunter Perkins Capital Management LLC now owns 222,025 shares of the bank’s stock valued at $4,707,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Strategic Value Bank Partners LLC lifted its holdings in shares of First Community by 58.2% in the first quarter. Strategic Value Bank Partners LLC now owns 218,410 shares of the bank’s stock valued at $4,630,000 after purchasing an additional 80,358 shares in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 3rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $0.52 annualized dividend and a yield of 2.77%. First Community’s dividend payout ratio is presently 25.00%.
About First Community (Get Rating)
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 Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.
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