Equities research analysts expect First Community Co. (NASDAQ:FCCO) to post $11.65 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First Community’s earnings, with estimates ranging from $11.59 million to $11.70 million. First Community posted sales of $9.69 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.2%. The firm is expected to announce its next quarterly earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that First Community will report full-year sales of $46.62 million for the current financial year, with estimates ranging from $46.40 million to $46.83 million. For the next financial year, analysts forecast that the firm will post sales of $49.33 million per share, with estimates ranging from $48.70 million to $49.95 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for First Community.
First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, April 18th. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. First Community had a net margin of 15.38% and a return on equity of 8.75%. The firm had revenue of $11.17 million for the quarter, compared to analysts’ expectations of $10.83 million.
Several equities research analysts have commented on FCCO shares. ValuEngine raised shares of First Community from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised shares of First Community from a “sell” rating to a “hold” rating in a research report on Monday, March 26th.
NASDAQ:FCCO traded up $0.40 on Thursday, hitting $25.75. 16,900 shares of the company’s stock were exchanged, compared to its average volume of 23,617. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.74. First Community has a 52 week low of $19.50 and a 52 week high of $26.25. The stock has a market capitalization of $190.78 million, a PE ratio of 23.26 and a beta of 0.64.
In other First Community news, 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 transaction of $29,026.00. Following the sale, the insider now directly owns 68,196 shares of the company’s stock, valued at approximately $1,568,508. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.38% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of First Community in the 4th quarter valued at about $240,000. Millennium Management LLC bought a new stake in shares of First Community in the 4th quarter valued at about $245,000. Deutsche Bank AG raised its holdings 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 valued at $244,000 after purchasing an additional 3,350 shares during the period. Abacus Planning Group Inc. bought a new stake in shares of First Community in the 1st quarter valued at about $258,000. Finally, Brown Advisory Inc. bought a new stake in shares of First Community in the 1st quarter valued at about $303,000. 41.25% of the stock is currently owned by institutional investors.
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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