First Community (NASDAQ:FCCO) Posts Earnings Results, Beats Expectations By $0.01 EPS

First Community (NASDAQ:FCCO) issued its quarterly earnings data on Wednesday. The bank reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01, Fidelity Earnings reports. The firm had revenue of $12.30 million for the quarter, compared to analyst estimates of $12.04 million. First Community had a return on equity of 9.70% and a net margin of 20.81%.

NASDAQ FCCO opened at $19.66 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.17. First Community has a twelve month low of $17.08 and a twelve month high of $26.25. The company has a market capitalization of $149.85 million, a price-to-earnings ratio of 13.56 and a beta of 0.85. The company’s 50 day moving average price is $18.75.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 29th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.44 annualized dividend and a dividend yield of 2.24%. First Community’s dividend payout ratio is presently 30.34%.

A number of brokerages have recently weighed in on FCCO. ValuEngine lowered United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday.

First Community Company Profile

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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Earnings History for First Community (NASDAQ:FCCO)

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