First Community (NASDAQ:FCCO) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

First Community Corporation (NASDAQ:FCCO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.06 and traded as high as $33.56. First Community shares last traded at $32.93, with a volume of 54,159 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

First Community Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $309.54 million, a PE ratio of 12.91 and a beta of 0.34. The stock’s 50 day moving average is $30.91 and its two-hundred day moving average is $30.08.

First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.64 by $0.08. The company had revenue of $23.16 million during the quarter, compared to analyst estimates of $23.61 million. First Community had a return on equity of 13.00% and a net margin of 17.29%. On average, equities analysts anticipate that First Community Corporation will post 2.97 EPS for the current fiscal year.

First Community Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. First Community’s dividend payout ratio is currently 25.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCCO. Fifth Third Wealth Advisors LLC purchased a new stake in shares of First Community during the first quarter worth $8,430,000. Millennium Management LLC lifted its stake in shares of First Community by 115.5% in the first quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock worth $4,411,000 after buying an additional 104,796 shares in the last quarter. Geode Capital Management LLC boosted its position in First Community by 103.4% during the second quarter. Geode Capital Management LLC now owns 174,732 shares of the bank’s stock worth $4,260,000 after acquiring an additional 88,807 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in First Community by 199.8% during the first quarter. Goldman Sachs Group Inc. now owns 90,919 shares of the bank’s stock worth $2,051,000 after acquiring an additional 60,596 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in First Community by 31.4% during the 1st quarter. Renaissance Technologies LLC now owns 125,328 shares of the bank’s stock valued at $3,663,000 after acquiring an additional 29,967 shares in the last quarter. Hedge funds and other institutional investors own 61.25% of the company’s stock.

About First Community

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.