First Community Corporation (NASDAQ:FCCO) Plans $0.16 Quarterly Dividend

First Community Corporation (NASDAQ:FCCO) declared a quarterly dividend on Tuesday, October 21st. Shareholders of record on Tuesday, November 4th will be paid a dividend of 0.16 per share by the bank on Tuesday, November 18th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, November 4th.

First Community has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Community to earn $2.83 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 21.2%.

First Community Price Performance

Shares of FCCO opened at $27.91 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. First Community has a 1 year low of $19.46 and a 1 year high of $29.55. The stock has a market cap of $214.35 million, a P/E ratio of 12.52 and a beta of 0.50. The stock’s 50-day moving average price is $27.56 and its two-hundred day moving average price is $25.06.

First Community (NASDAQ:FCCO) last released its quarterly earnings results on Friday, April 30th. The bank reported $0.43 EPS for the quarter. The company had revenue of $13.86 million for the quarter. First Community had a return on equity of 11.65% and a net margin of 15.87%. On average, equities analysts predict that First Community will post 2.28 earnings per share for the current year.

Insider Buying and Selling at First Community

In other news, Director Roderick M. Todd, Jr. sold 1,679 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.00, for a total transaction of $47,012.00. Following the completion of the sale, the director directly owned 11,866 shares in the company, valued at approximately $332,248. This represents a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.92% of the company’s stock.

Institutional Trading of First Community

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC bought a new stake in shares of First Community during the 3rd quarter worth $31,000. BNP Paribas Financial Markets lifted its position in shares of First Community by 324.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock worth $33,000 after buying an additional 1,031 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of First Community during the 2nd quarter worth $41,000. Blue Trust Inc. bought a new stake in shares of First Community during the 2nd quarter worth $42,000. Finally, Signaturefd LLC lifted its position in shares of First Community by 846.7% during the 1st quarter. Signaturefd LLC now owns 2,168 shares of the bank’s stock worth $49,000 after buying an additional 1,939 shares during the last quarter. 61.25% of the stock is currently owned by institutional investors.

About First Community

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.