First Community (NASDAQ:FCCO) Shares Pass Above 200-Day Moving Average – What’s Next?

First Community Corporation (NASDAQ:FCCO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.84 and traded as high as $29.95. First Community shares last traded at $29.81, with a volume of 80,415 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Hovde Group increased their target price on First Community from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

First Community Stock Performance

The firm has a market capitalization of $287.59 million, a P/E ratio of 12.41 and a beta of 0.34. The firm has a 50-day moving average price of $29.34 and a two-hundred day moving average price of $28.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.79 and a quick ratio of 0.79.

First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. First Community had a return on equity of 12.71% and a net margin of 16.85%.The business had revenue of $20.60 million during the quarter, compared to the consensus estimate of $20.25 million. On average, analysts forecast that First Community Corporation will post 2.28 EPS for the current fiscal year.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, February 10th. First Community’s dividend payout ratio is currently 25.91%.

Institutional Investors Weigh In On First Community

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of First Community in the 3rd quarter worth $26,000. CWM LLC purchased a new stake in shares of First Community in the 3rd quarter worth $31,000. BNP Paribas Financial Markets lifted its holdings in shares of First Community by 324.2% in 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 period. Federated Hermes Inc. lifted its holdings 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 buying an additional 755 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of First Community in the 2nd quarter worth $99,000. 61.25% of the stock is currently 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.