First Community Co. (NASDAQ:FCCO) has been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price target of $23.00 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also given First Community an industry rank of 159 out of 256 based on the ratings given to its competitors.
Several equities research analysts recently weighed in on the stock. ValuEngine cut shares of First Community from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Zacks Investment Research raised shares of First Community from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th.
Shares of NASDAQ FCCO traded up $0.10 during mid-day trading on Thursday, hitting $19.60. The company had a trading volume of 17,000 shares, compared to its average volume of 15,492. 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 has a 12 month low of $18.54 and a 12 month high of $26.25. The stock has a market cap of $146.11 million, a PE ratio of 17.98 and a beta of 0.87.
First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, January 16th. The bank reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). First Community had a net margin of 18.52% and a return on equity of 9.99%. The company had revenue of $11.65 million during the quarter, compared to the consensus estimate of $11.81 million. Research analysts forecast that First Community will post 1.48 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 given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, January 30th. This is a positive change from First Community’s previous quarterly dividend of $0.10. First Community’s dividend payout ratio is 36.70%.
In related news, EVP David K. Proctor sold 3,000 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $22.60, for a total value of $67,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.38% of the company’s stock.
A number of large investors have recently bought and sold shares of FCCO. Macquarie Group Ltd. acquired a new stake in shares of First Community during the second quarter worth approximately $103,000. First Trust Advisors LP acquired a new stake in shares of First Community during the third quarter worth approximately $260,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of First Community during the second quarter worth approximately $342,000. Northern Trust Corp acquired a new stake in shares of First Community during the second quarter worth approximately $471,000. Finally, Blair William & Co. IL increased its holdings 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 buying an additional 2,500 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.
About First Community
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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