Wall Street brokerages predict that First Community Co. (NASDAQ:FCCO) will post earnings per share (EPS) of $0.37 for the current quarter, according to Zacks. Two analysts have provided estimates for First Community’s earnings. First Community reported earnings of $0.24 per share in the same quarter last year, which would indicate a positive year over year growth rate of 54.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 18th.
On average, analysts expect that First Community will report full-year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.50. For the next year, analysts expect that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.55 to $1.65. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for First Community.
First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $11.17 million during the quarter, compared to analyst estimates of $10.83 million. First Community had a net margin of 15.38% and a return on equity of 8.75%.
A number of research firms recently issued reports on FCCO. Zacks Investment Research cut shares of First Community from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. ValuEngine raised shares of First Community from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.
In related news, insider Michael C. Crapps sold 1,262 shares of First Community stock in a transaction on Friday, April 27th. The shares were sold at an average price of $23.00, for a total value of $29,026.00. Following the sale, the insider now owns 68,196 shares of the company’s stock, valued at approximately $1,568,508. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.38% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in FCCO. The Manufacturers Life Insurance Company grew its stake in First Community by 26.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 497,341 shares of the bank’s stock valued at $11,389,000 after acquiring an additional 105,275 shares during the period. Elizabeth Park Capital Advisors Ltd. grew its stake in First Community by 19.0% in the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 299,285 shares of the bank’s stock valued at $6,854,000 after acquiring an additional 47,789 shares during the period. Dimensional Fund Advisors LP grew its stake in First Community by 139.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 34,145 shares of the bank’s stock valued at $782,000 after acquiring an additional 19,885 shares during the period. Renaissance Technologies LLC acquired a new stake in First Community in the 4th quarter valued at $348,000. Finally, Cutler Capital Management LLC acquired a new stake in First Community in the 1st quarter valued at $343,000. 41.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of First Community traded up $0.05, hitting $24.45, during trading on Friday, MarketBeat Ratings reports. 21,245 shares of the stock traded hands, compared to its average volume of 16,727. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.74. The firm has a market cap of $180.90 million, a price-to-earnings ratio of 22.48 and a beta of 0.69. First Community has a 52-week low of $19.50 and a 52-week high of $24.87.
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 four segments: Commercial and Retail Banking, Mortgage Banking, Investment Advisory and Non-Deposit, and Corporate.
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