First Community Corporation (NASDAQ:FCCO – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.59 and traded as high as $30.79. First Community shares last traded at $29.8850, with a volume of 87,374 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.
Get Our Latest Stock Analysis on FCCO
First Community Price Performance
First Community (NASDAQ:FCCO – Get Free Report) last posted its 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. The firm had revenue of $23.16 million for the quarter, compared to the consensus estimate of $23.61 million. First Community had a net margin of 17.29% and a return on equity of 13.00%. As a group, equities analysts expect that First Community Corporation will post 2.97 earnings per share for the current year.
First Community Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, May 5th. First Community’s dividend payout ratio (DPR) is 25.10%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC boosted its stake in First Community by 1.8% during the 4th quarter. Anchor Investment Management LLC now owns 33,046 shares of the bank’s stock worth $980,000 after purchasing an additional 592 shares during the period. Empowered Funds LLC boosted its stake in First Community by 5.6% during the 4th quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock worth $392,000 after purchasing an additional 700 shares during the period. Bridgeway Capital Management LLC boosted its stake in First Community by 3.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock worth $678,000 after purchasing an additional 700 shares during the period. Federated Hermes Inc. lifted its stake in shares of First Community by 116.2% in the 3rd quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock worth $40,000 after acquiring an additional 755 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of First Community in the 3rd quarter worth $26,000. 61.25% of the stock is owned by hedge funds and other institutional investors.
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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