Shares of First Community Co. (NASDAQ:FCCO) have been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. First Community’s rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price objective of $21.00 for the company and are forecasting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also given First Community an industry rank of 154 out of 256 based on the ratings given to related companies.
A number of equities analysts recently weighed in on FCCO shares. Zacks Investment Research downgraded shares of First Community from a “hold” rating to a “sell” rating in a report on Monday, February 18th. ValuEngine downgraded shares of First Community from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.
Shares of FCCO stock opened at $17.62 on Monday. The firm has a market capitalization of $134.14 million, a price-to-earnings ratio of 12.24 and a beta of 0.87. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.17. First Community has a one year low of $17.08 and a one year high of $26.25.
First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, April 17th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $11.53 million during the quarter, compared to the consensus estimate of $11.74 million. First Community had a return on equity of 9.92% and a net margin of 21.47%. As a group, equities research analysts predict that First Community will post 1.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.50%. The ex-dividend date was Monday, April 29th. First Community’s dividend payout ratio (DPR) is presently 30.34%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its holdings in First Community by 514.2% during the first quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,270 shares during the last quarter. CLS Investments LLC purchased a new stake in First Community during the first quarter valued at about $72,000. Bank of America Corp DE lifted its holdings in First Community by 35.4% during the fourth quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock valued at $162,000 after purchasing an additional 2,181 shares during the last quarter. Abacus Planning Group Inc. lifted its holdings in First Community by 14.6% during the fourth quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock valued at $416,000 after purchasing an additional 1,610 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in First Community by 19.1% during the fourth quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock valued at $249,000 after purchasing an additional 2,050 shares during the last quarter. 53.40% of the stock is currently owned by institutional investors and hedge funds.
About First Community
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 four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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