First Community (NASDAQ:FCCO) Issues Earnings Results, Meets Estimates

First Community (NASDAQ:FCCO) issued its quarterly earnings data on Wednesday. The bank reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34, Yahoo Finance reports. The company had revenue of $24.44 million for the quarter, compared to analysts’ expectations of $14.83 million. First Community had a return on equity of 8.69% and a net margin of 12.32%.

First Community Price Performance

Shares of NASDAQ FCCO opened at $15.95 on Friday. First Community has a 1 year low of $15.40 and a 1 year high of $22.00. The firm has a market cap of $121.70 million, a price-to-earnings ratio of 11.15 and a beta of 0.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.78. The stock’s 50-day simple moving average is $16.83 and its 200-day simple moving average is $17.92.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, April 29th. First Community’s dividend payout ratio is presently 39.16%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James upgraded First Community from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Thursday, January 25th. StockNews.com upgraded First Community from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th.

Institutional Trading of First Community

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of First Community by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 69,040 shares of the bank’s stock worth $1,511,000 after acquiring an additional 704 shares during the last quarter. Wellington Management Group LLP increased its position in shares of First Community by 0.8% during the first quarter. Wellington Management Group LLP now owns 105,815 shares of the bank’s stock worth $2,116,000 after acquiring an additional 852 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of First Community by 4.2% during the second quarter. Russell Investments Group Ltd. now owns 22,308 shares of the bank’s stock worth $387,000 after acquiring an additional 904 shares during the last quarter. Ancora Advisors LLC increased its position in shares of First Community by 3.5% during the first quarter. Ancora Advisors LLC now owns 34,991 shares of the bank’s stock worth $700,000 after acquiring an additional 1,170 shares during the last quarter. Finally, UBS Group AG increased its position in shares of First Community by 314.7% during the third quarter. UBS Group AG now owns 1,833 shares of the bank’s stock worth $32,000 after acquiring an additional 1,391 shares during the last quarter. 61.25% of the stock is owned by hedge funds and other institutional investors.

First Community Company Profile

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.