Zacks: Analysts Expect First Community Co. (FCCO) Will Post Earnings of $0.40 Per Share

Wall Street brokerages expect that First Community Co. (NASDAQ:FCCO) will announce earnings per share (EPS) of $0.40 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for First Community’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.40. First Community reported earnings of $0.28 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 42.9%. The firm is scheduled to announce its next earnings results on Wednesday, October 17th.

According to Zacks, analysts expect that First Community will report full-year earnings of $1.52 per share for the current fiscal year. For the next year, analysts expect that the company will report earnings of $1.63 per share, with EPS estimates ranging from $1.60 to $1.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for First Community.

First Community (NASDAQ:FCCO) last announced its quarterly earnings results on Wednesday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $11.85 million during the quarter, compared to the consensus estimate of $11.65 million. First Community had a net margin of 17.48% and a return on equity of 9.59%.

A number of analysts have recently issued reports on FCCO shares. Zacks Investment Research downgraded shares of First Community from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 19th. ValuEngine cut shares of First Community from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

Shares of NASDAQ FCCO traded down $0.31 during midday trading on Monday, reaching $21.84. 22,929 shares of the stock were exchanged, compared to its average volume of 18,699. The company has a market capitalization of $184.04 million, a P/E ratio of 20.04 and a beta of 0.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.76 and a quick ratio of 0.75. First Community has a twelve month low of $20.56 and a twelve month high of $26.25.

In related news, CFO Joseph G. Sawyer sold 5,113 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $25.55, for a total transaction of $130,637.15. Following the completion of the transaction, the chief financial officer now owns 34,219 shares of the company’s stock, valued at approximately $874,295.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.38% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. purchased a new position in shares of First Community during the 2nd quarter worth approximately $103,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of First Community during the 2nd quarter worth approximately $214,000. Millennium Management LLC boosted its position in shares of First Community by 20.1% during the 1st quarter. Millennium Management LLC now owns 12,997 shares of the bank’s stock worth $298,000 after purchasing an additional 2,174 shares during the period. Brown Advisory Inc. purchased a new position in shares of First Community during the 1st quarter worth approximately $303,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of First Community during the 2nd quarter worth approximately $342,000. 52.18% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for First Community (NASDAQ:FCCO)

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