Equities analysts forecast that First Community Co. (NASDAQ:FCCO) will report sales of $14.32 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Community’s earnings, with the lowest sales estimate coming in at $13.90 million and the highest estimate coming in at $14.82 million. First Community posted sales of $13.13 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The firm is scheduled to issue its next earnings results on Wednesday, April 28th.
According to Zacks, analysts expect that First Community will report full-year sales of $56.75 million for the current fiscal year, with estimates ranging from $55.00 million to $58.68 million. For the next financial year, analysts forecast that the company will post sales of $57.61 million, with estimates ranging from $56.50 million to $58.27 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover First Community.
First Community (NASDAQ:FCCO) last released its quarterly earnings data on Tuesday, April 20th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. First Community had a return on equity of 7.36% and a net margin of 16.65%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCCO. Banc Funds Co. LLC lifted its stake in First Community by 671.0% in the 4th quarter. Banc Funds Co. LLC now owns 245,290 shares of the bank’s stock valued at $4,167,000 after acquiring an additional 213,477 shares in the last quarter. BlackRock Inc. lifted its stake in First Community by 15.3% in the 4th quarter. BlackRock Inc. now owns 356,601 shares of the bank’s stock valued at $6,059,000 after acquiring an additional 47,302 shares in the last quarter. Firethorn Wealth Partners LLC bought a new stake in First Community in the 4th quarter valued at approximately $541,000. Renaissance Technologies LLC lifted its stake in First Community by 12.6% in the 4th quarter. Renaissance Technologies LLC now owns 125,069 shares of the bank’s stock valued at $2,125,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Cutler Capital Management LLC lifted its stake in First Community by 17.7% in the 1st quarter. Cutler Capital Management LLC now owns 71,788 shares of the bank’s stock valued at $1,432,000 after acquiring an additional 10,788 shares in the last quarter. Hedge funds and other institutional investors own 52.25% of the company’s stock.
Shares of NASDAQ:FCCO traded down $0.01 during trading on Friday, hitting $19.05. 25,512 shares of the company’s stock traded hands, compared to its average volume of 19,698. First Community has a 52 week low of $12.23 and a 52 week high of $22.00. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.11. The company has a market cap of $143.39 million, a price-to-earnings ratio of 15.24 and a beta of 0.80. The company has a 50-day moving average price of $19.87 and a 200-day moving average price of $17.45.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 18th. Shareholders of record on Tuesday, May 4th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, May 3rd. First Community’s payout ratio is 33.10%.
First Community Company Profile
First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.
Further Reading: What is the QQQ ETF?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Community Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community and related companies with MarketBeat.com's FREE daily email newsletter.