First Community Co. (FCCO) Expected to Post Earnings of $0.37 Per Share

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.

Get a free copy of the Zacks research report on First Community (FCCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for First Community (NASDAQ:FCCO)

Receive News & Ratings for First Community Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply