First Community Corporation (NASDAQ:FCCO – Get Free Report) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, August 4th will be given a dividend of 0.17 per share by the bank on Tuesday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 4th. This is a 6.3% increase from First Community’s previous quarterly dividend of $0.16.
First Community has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. First Community has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Community to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 19.9%.
First Community Price Performance
Shares of FCCO opened at $32.49 on Thursday. The stock has a market capitalization of $305.41 million, a P/E ratio of 12.74 and a beta of 0.34. First Community has a twelve month low of $24.12 and a twelve month high of $34.01. The company has a 50 day moving average of $31.58 and a 200-day moving average of $30.29. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07.
Key First Community News
Here are the key news stories impacting First Community this week:
- Positive Sentiment: First Community reported Q2 earnings of $0.84 per share, ahead of the $0.69 consensus estimate, and also beat revenue expectations, signaling stronger-than-expected core performance. Article Title
- Positive Sentiment: The bank increased its quarterly dividend to $0.17 per share from $0.16, a 6.3% boost, which supports the income story and may signal confidence in future cash generation. Article Title
- Positive Sentiment: The company’s updated announcement highlighted second-quarter results and an increased cash dividend alongside strategic planning, reinforcing a constructive near-term shareholder return narrative. Article Title
- Neutral Sentiment: First Community also announced a CEO succession and broader leadership realignment, which adds a management-change element to the story but does not appear to be tied to operational weakness. Article Title
About First Community
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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