First Community Corporation (FCCO) to Issue Quarterly Dividend of $0.16 on May 19th

First Community Corporation (NASDAQ:FCCO) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Tuesday, May 5th will be given a dividend of 0.16 per share by the bank on Tuesday, May 19th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 5th.

First Community has increased 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 23.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Community to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 19.9%.

First Community Trading Up 0.9%

NASDAQ:FCCO opened at $29.87 on Friday. The stock has a market cap of $280.18 million, a price-to-earnings ratio of 11.71 and a beta of 0.35. First Community has a one year low of $21.80 and a one year high of $31.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50-day simple moving average is $29.43 and its 200 day simple moving average is $29.15.

First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. First Community had a return on equity of 14.19% and a net margin of 17.29%.The company had revenue of $23.16 million for the quarter, compared to analyst estimates of $23.61 million. As a group, sell-side analysts predict that First Community will post 2.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Community

A number of hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC lifted its stake in First Community by 1.8% in the fourth quarter. Anchor Investment Management LLC now owns 33,046 shares of the bank’s stock valued at $980,000 after buying an additional 592 shares during the last quarter. Empowered Funds LLC lifted its stake in First Community by 5.6% in the fourth quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock valued at $392,000 after buying an additional 700 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in First Community by 3.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock valued at $678,000 after buying an additional 700 shares during the last quarter. Federated Hermes Inc. lifted its stake in First Community by 116.2% in the third quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock valued at $40,000 after buying an additional 755 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in First Community during the 3rd quarter worth $26,000. 61.25% of the stock is currently owned by 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.