Brokerages predict that First Community Co. (NASDAQ:FCCO) will post earnings of $0.37 per share for the current quarter, according to Zacks. Two analysts have made 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 firm is expected to report its next quarterly earnings report on Wednesday, July 18th.
On average, analysts expect that First Community will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.45 to $1.50. For the next fiscal year, analysts expect that the firm will report 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 cover First Community.
First Community (NASDAQ:FCCO) last posted its quarterly earnings data on Wednesday, April 18th. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $11.17 million for the quarter, compared to the consensus estimate of $10.83 million. First Community had a return on equity of 9.06% and a net margin of 15.38%.
A number of brokerages have recently commented on FCCO. FIG Partners cut First Community from an “outperform” rating to a “market-perform” rating in a report on Monday, January 22nd. Zacks Investment Research upgraded First Community from a “sell” rating to a “hold” rating in a report on Monday, March 26th. Finally, ValuEngine lowered First Community from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.
In other First Community news, Director Richard K. Bogan sold 3,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $21.60, for a total transaction of $64,800.00. Following the sale, the director now owns 3,709 shares in the company, valued at approximately $80,114.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael C. Crapps sold 1,262 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,568,508. The disclosure for this sale can be found here. Insiders have sold a total of 5,262 shares of company stock worth $114,906 over the last ninety days. 7.38% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in shares of First Community in the fourth quarter worth about $240,000. Millennium Management LLC purchased a new stake in shares of First Community in the fourth quarter worth about $245,000. Deutsche Bank AG boosted its stake in shares of First Community by 44.8% in the fourth quarter. Deutsche Bank AG now owns 10,825 shares of the bank’s stock worth $244,000 after buying an additional 3,350 shares during the last quarter. Abacus Planning Group Inc. purchased a new stake in shares of First Community in the first quarter worth about $258,000. Finally, Wells Fargo & Company MN boosted its stake in shares of First Community by 528.5% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 41.14% of the company’s stock.
FCCO traded up $0.30 on Friday, hitting $23.50. 640 shares of the company’s stock traded hands, compared to its average volume of 20,174. The company has a market capitalization of $178.67 million, a PE ratio of 20.43 and a beta of 0.72. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.28. First Community has a one year low of $23.40 and a one year high of $23.50.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, April 27th. First Community’s dividend payout ratio is currently 36.70%.
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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