Shares of First Community Co. (NASDAQ:FCCO) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. First Community’s rating score has improved by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus target price of $21.00 for the company and are anticipating that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also assigned First Community an industry rank of 198 out of 256 based on the ratings given to related companies.
A number of analysts have recently issued reports on FCCO shares. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd.
Shares of NASDAQ:FCCO traded up $0.28 during trading on Wednesday, reaching $19.68. The stock had a trading volume of 13,370 shares, compared to its average volume of 27,728. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $18.67. The company has a market cap of $148.78 million, a PE ratio of 13.57 and a beta of 0.85. First Community has a 1-year low of $17.08 and a 1-year high of $26.25.
First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $11.53 million during the quarter, compared to analyst estimates of $11.74 million. First Community had a return on equity of 9.92% and a net margin of 21.47%. Research analysts expect that First Community will post 1.41 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of FCCO. BNP Paribas Arbitrage SA raised its stake in shares of First Community by 514.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,517 shares of the bank’s stock worth $29,000 after buying an additional 1,270 shares in the last quarter. Bank of America Corp DE raised its stake in shares of First Community by 35.4% during the 4th quarter. Bank of America Corp DE now owns 8,339 shares of the bank’s stock worth $162,000 after buying an additional 2,181 shares in the last quarter. First Trust Advisors LP raised its stake in shares of First Community by 19.1% during the 4th quarter. First Trust Advisors LP now owns 12,792 shares of the bank’s stock worth $249,000 after buying an additional 2,050 shares in the last quarter. Cutler Capital Management LLC purchased a new position in shares of First Community during the 1st quarter worth approximately $286,000. Finally, Abacus Planning Group Inc. raised its stake in shares of First Community by 14.6% during the 4th quarter. Abacus Planning Group Inc. now owns 12,674 shares of the bank’s stock worth $416,000 after buying an additional 1,610 shares in the last quarter. 53.40% of the stock is owned by institutional investors.
About First Community
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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