First Community Co. (NASDAQ:FCCO) has received an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. First Community’s rating score has declined by 79.6% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a 12-month consensus target price of $24.00 for the company and are predicting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given First Community an industry rank of 14 out of 265 based on the ratings given to its competitors.
FCCO has been the topic of several recent analyst reports. ValuEngine downgraded shares of First Community from a “buy” rating to a “hold” rating in a report on Friday, October 20th. FIG Partners downgraded shares of First Community from an “outperform” rating to a “market-perform” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of First Community from a “sell” rating to a “hold” rating in a report on Friday, October 20th.
Large investors have recently modified their holdings of the stock. Stifel Financial Corp increased its holdings in First Community by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 19,312 shares of the bank’s stock worth $406,000 after buying an additional 406 shares during the period. Independent Advisor Alliance acquired a new position in First Community in the 3rd quarter worth approximately $904,000. Janus Henderson Group PLC acquired a new position in First Community in the 2nd quarter worth approximately $1,141,000. Finally, The Manufacturers Life Insurance Company increased its holdings in First Community by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 390,962 shares of the bank’s stock worth $8,210,000 after buying an additional 7,919 shares during the period. Institutional investors own 42.32% of the company’s stock.
First Community (NASDAQ FCCO) traded down $0.10 on Wednesday, hitting $21.75. 3,322 shares of the stock traded hands, compared to its average volume of 6,765. First Community has a 12-month low of $18.50 and a 12-month high of $24.87. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $165.79, a P/E ratio of 25.59 and a beta of 0.75.
First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, January 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). First Community had a net margin of 13.91% and a return on equity of 8.73%. The company had revenue of $10.65 million for the quarter, compared to analyst estimates of $10.69 million. research analysts expect that First Community will post 1.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from First Community’s previous quarterly dividend of $0.09. First Community’s dividend payout ratio is 47.06%.
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First Community Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
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