First Community (NASDAQ:FCCO) Stock Crosses Above 200 Day Moving Average – Time to Sell?

First Community Corporation (NASDAQ:FCCO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.14 and traded as high as $32.60. First Community shares last traded at $32.38, with a volume of 35,760 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of First Community in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.00.

First Community Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a fifty day simple moving average of $31.16 and a 200 day simple moving average of $30.14. The company has a market capitalization of $304.37 million, a price-to-earnings ratio of 12.70 and a beta of 0.34.

First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. First Community had a return on equity of 13.00% and a net margin of 17.29%.The business had revenue of $23.16 million during the quarter, compared to analysts’ expectations of $23.61 million. On average, analysts anticipate that First Community Corporation will post 2.97 earnings per share for the current fiscal year.

First Community Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, May 5th. This represents a $0.64 dividend on an annualized basis and a yield of 2.0%. First Community’s dividend payout ratio is currently 25.10%.

Institutional Trading of First Community

Institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC increased its stake in shares of First Community by 1.8% during the fourth quarter. Anchor Investment Management LLC now owns 33,046 shares of the bank’s stock worth $980,000 after purchasing an additional 592 shares in the last quarter. Empowered Funds LLC lifted its stake in First Community by 5.6% in the 4th quarter. Empowered Funds LLC now owns 13,232 shares of the bank’s stock valued at $392,000 after buying an additional 700 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in First Community by 3.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 22,869 shares of the bank’s stock worth $678,000 after buying an additional 700 shares during the last quarter. Advisory Services Network LLC acquired a new stake in First Community in the 3rd quarter worth about $26,000. Finally, Bank of America Corp DE increased its stake in First Community by 12.1% during the 3rd quarter. Bank of America Corp DE now owns 8,683 shares of the bank’s stock worth $245,000 after buying an additional 937 shares in the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.

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.