Equities research analysts forecast that First Community Co. (NASDAQ:FCCO) will announce $10.83 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for First Community’s earnings. The lowest sales estimate is $10.70 million and the highest is $10.95 million. First Community reported sales of $9.04 million in the same quarter last year, which would suggest a positive year over year growth rate of 19.8%. The business is expected to report its next earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that First Community will report full-year sales of $10.83 million for the current financial year, with estimates ranging from $45.20 million to $45.77 million. For the next financial year, analysts forecast that the company will report sales of $48.23 million per share, with estimates ranging from $47.40 million to $49.06 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for First Community.
First Community (NASDAQ:FCCO) last announced its earnings results on Wednesday, January 17th. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $10.65 million for the quarter, compared to the consensus estimate of $10.69 million. First Community had a net margin of 13.91% and a return on equity of 8.23%.
Several analysts have weighed in on FCCO shares. FIG Partners downgraded First Community from an “outperform” rating to a “market-perform” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded First Community from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, ValuEngine raised First Community from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.
In other news, Director Richard K. Bogan sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $21.60, for a total value of $64,800.00. Following the sale, the director now owns 3,709 shares of the company’s stock, valued at approximately $80,114.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of FCCO. Bank of New York Mellon Corp bought a new stake in shares of First Community in the 4th quarter worth $240,000. Deutsche Bank AG raised its stake in shares of First Community by 44.8% in the 4th quarter. Deutsche Bank AG now owns 10,825 shares of the bank’s stock worth $244,000 after buying an additional 3,350 shares in the last quarter. Millennium Management LLC bought a new stake in shares of First Community in the 4th quarter worth $245,000. Wells Fargo & Company MN raised its stake in shares of First Community by 528.5% in the 4th quarter. Wells Fargo & Company MN now owns 13,809 shares of the bank’s stock worth $313,000 after buying an additional 11,612 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of First Community in the 4th quarter worth $348,000. 41.09% of the stock is currently owned by institutional investors.
First Community stock remained flat at $$22.95 during mid-day trading on Tuesday. The company’s stock had a trading volume of 17,157 shares, compared to its average volume of 24,629. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.28. The company has a market cap of $174.23, a P/E ratio of 21.06 and a beta of 0.72. First Community has a 52-week low of $18.50 and a 52-week high of $24.87.
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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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