First Community (NASDAQ:FCCO) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

First Community Corporation (NASDAQ:FCCO)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.63 and traded as high as $31.49. First Community shares last traded at $31.04, with a volume of 55,427 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FCCO shares. Zacks Research lowered shares of First Community from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of First Community in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $29.67.

First Community Stock Down 1.1%

The stock has a market cap of $236.08 million, a PE ratio of 12.79 and a beta of 0.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $28.29 and a 200-day moving average price of $26.68.

First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Friday, April 30th. The bank reported $0.43 EPS for the quarter. The company had revenue of $13.86 million during the quarter. First Community had a net margin of 16.69% and a return on equity of 12.46%. As a group, analysts forecast that First Community Corporation will post 2.28 earnings per share for the current year.

First Community Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, November 4th. First Community’s payout ratio is 26.67%.

Institutional Trading of First Community

A number of institutional investors have recently made changes to their positions in FCCO. Advisory Services Network LLC purchased a new position in First Community in the 3rd quarter valued at $26,000. CWM LLC acquired a new stake in shares of First Community in the third quarter valued at about $31,000. BNP Paribas Financial Markets raised its position in shares of First Community by 324.2% in the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock valued at $33,000 after buying an additional 1,031 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of First Community by 116.2% in the third quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock worth $40,000 after buying an additional 755 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in First Community during the second quarter worth about $41,000. 61.25% of the stock is owned by institutional investors and hedge funds.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.