First Community (NASDAQ:FCCO) released its quarterly earnings results on Tuesday. The bank reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12, MarketWatch Earnings reports. First Community had a return on equity of 7.36% and a net margin of 16.65%.
Shares of First Community stock traded down $0.58 on Thursday, reaching $16.43. The company had a trading volume of 20,292 shares, compared to its average volume of 11,715. The firm has a market cap of $123.11 million, a price-to-earnings ratio of 13.61 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.78. The firm’s 50-day moving average price is $17.34 and its two-hundred day moving average price is $15.09. First Community has a 1 year low of $12.23 and a 1 year high of $21.80.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 16th. Stockholders of record on Tuesday, February 2nd will be issued a $0.12 dividend. This is a boost from First Community’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, February 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.92%. First Community’s payout ratio is 33.10%.
Several equities analysts have weighed in on the company. TheStreet upgraded First Community from a “c+” rating to a “b” rating in a report on Monday, November 16th. Zacks Investment Research upgraded First Community from a “sell” rating to a “hold” rating in a report on Friday, January 8th. Raymond James raised their price target on First Community from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Stephens began coverage on First Community in a report on Monday, October 19th. They set an “equal weight” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. First Community currently has a consensus rating of “Buy” and an average target price of $17.10.
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 Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.
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