First Community Corporation (NASDAQ:FCCO – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.17 per share by the bank on Tuesday, November 17th. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, November 3rd.
First Community has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. First Community has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect First Community to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.6%.
First Community Stock Up 1.0%
NASDAQ:FCCO opened at $32.94 on Thursday. First Community has a twelve month low of $26.42 and a twelve month high of $35.74. The firm has a market capitalization of $309.64 million, a price-to-earnings ratio of 12.29 and a beta of 0.33. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $33.29 and its two-hundred day moving average price is $32.21.
First Community (NASDAQ:FCCO – Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The bank reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. First Community had a return on equity of 13.23% and a net margin of 18.32%. The company had revenue of $26.23 million during the quarter, compared to the consensus estimate of $26.01 million. Equities research analysts expect that First Community will post 3.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on FCCO. Wall Street Zen downgraded shares of First Community from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Community in a report on Thursday, October 15th. Finally, Hovde Group upped their price target on shares of First Community from $36.00 to $37.50 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat.com, First Community has a consensus rating of “Buy” and a consensus price target of $37.50.
View Our Latest Analysis on First Community
First Community Company Profile
First Community Corporation is a bank holding company headquartered in Lexington, South Carolina. Through its principal subsidiary, First Community Bank, the company provides banking and financial services to individuals, families, businesses and institutions.
First Community Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing and other credit products. Its services also include online and mobile banking, treasury management, mortgage banking, wealth management and investment services.
Founded in 1995, First Community serves communities across South Carolina through a network of banking offices and digital channels.
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