First Community (NASDAQ:FCCO) Posts Earnings Results

First Community (NASDAQ:FCCO) posted its quarterly earnings results on Wednesday. The bank reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34, Yahoo Finance reports. The business had revenue of $24.44 million during the quarter, compared to analysts’ expectations of $14.83 million. First Community had a net margin of 12.32% and a return on equity of 8.69%.

First Community Price Performance

FCCO opened at $15.95 on Friday. The company has a fifty day moving average of $16.83 and a two-hundred day moving average of $17.92. The stock has a market capitalization of $121.70 million, a price-to-earnings ratio of 11.15 and a beta of 0.43. First Community has a fifty-two week low of $15.40 and a fifty-two week high of $22.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.78.

First Community Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.56 annualized dividend and a dividend yield of 3.51%. First Community’s dividend payout ratio (DPR) is presently 39.16%.

Analyst Ratings Changes

Several research analysts recently issued reports on FCCO shares. Raymond James raised shares of First Community from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Thursday, January 25th. StockNews.com raised shares of First Community from a “sell” rating to a “hold” rating in a report on Thursday, January 25th.

Institutional Trading of First Community

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG grew its stake in First Community by 314.7% during the 3rd quarter. UBS Group AG now owns 1,833 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,391 shares in the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of First Community by 4,253.3% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,959 shares of the bank’s stock valued at $34,000 after buying an additional 1,914 shares during the period. Citigroup Inc. purchased a new stake in shares of First Community in the 2nd quarter valued at approximately $38,000. California State Teachers Retirement System purchased a new stake in shares of First Community in the 2nd quarter valued at approximately $43,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of First Community in the 2nd quarter valued at approximately $70,000. Hedge funds and other institutional investors own 61.25% of the company’s stock.

First Community Company Profile

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.