First Community Corporation (NASDAQ:FCCO – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.29 and traded as high as $30.17. First Community shares last traded at $29.48, with a volume of 56,687 shares trading hands.
Wall Street Analysts Forecast Growth
FCCO has been the subject of several recent research reports. Hovde Group increased their target price on shares of First Community from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of First Community in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, First Community currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.
Check Out Our Latest Stock Report on FCCO
First Community Price Performance
First Community (NASDAQ:FCCO – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. First Community had a return on equity of 14.19% and a net margin of 17.29%.The company had revenue of $23.16 million during the quarter, compared to analysts’ expectations of $23.61 million. As a group, research analysts anticipate that First Community Corporation will post 2.97 earnings per share for the current year.
First Community Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 5th. First Community’s dividend payout ratio is currently 25.10%.
Institutional Trading of First Community
Large investors have recently bought and sold shares of the business. Millennium Management LLC grew its stake in First Community by 115.5% during the first quarter. Millennium Management LLC now owns 195,527 shares of the bank’s stock worth $4,411,000 after purchasing an additional 104,796 shares during the period. Jones Financial Companies Lllp lifted its stake in First Community by 1,230.5% during the 1st quarter. Jones Financial Companies Lllp now owns 12,640 shares of the bank’s stock valued at $285,000 after acquiring an additional 11,690 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 60,596 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of First Community by 7.7% in the 1st quarter. Empowered Funds LLC now owns 10,080 shares of the bank’s stock worth $227,000 after buying an additional 721 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in First Community by 63.7% in the 1st quarter. Jane Street Group LLC now owns 51,323 shares of the bank’s stock valued at $1,158,000 after purchasing an additional 19,978 shares during the period. 61.25% of the stock is currently owned by institutional investors and hedge funds.
First Community Company Profile
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.
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